

The Sunday Debate: How much wealth should parents pass down?
7 snips Jan 8, 2023
Peter Singer, a prominent utilitarian philosopher, advocates for minimal inheritance, encouraging the wealthy to donate to the global poor. Julia Davies, an angel investor and environmental lawyer, argues for a wealth tax, emphasizing that the decision of the rich to distribute wealth shouldn't solely rely on personal preference. Adrian Wooldridge, a global economist, counters that wealthy individuals can positively impact society. They explore the ethics of wealth transfer, the societal implications of inheritance, and the urgency for equitable solutions.
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Global Well-being over Children's Inheritance
- Peter Singer argues that inheritance decisions should consider everyone's well-being, not just the children's.
- He suggests leaving children enough to survive, but prioritizing donations to those in greater need.
A Better World as the Greatest Legacy
- Julia Davies believes a parent's greatest legacy is a better world for their children.
- She prioritizes using her wealth to address current societal and environmental problems.
Inheritance with Reasonable Taxation
- Adrian Wooldridge supports inheritance but with reasonable taxation.
- He argues for multiple philanthropists over state monopoly on wealth distribution.