How do we solve the predicted entrenched disparity arising out of the great wealth transfer? We ask economists for their suggestions
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Read more from The Age of Inheritance series here
The $5.4tn intergenerational wealth transfer predicted to occur within the next two decades is a major challenge for Australian governments. Economists have warned it could entrench and exacerbate inequality, and make the economy less productive. So what can be done about it?
“In the end, that comes down to tax,” says the former deputy reserve bank governor Guy Debelle. “Taxation is how you redistribute. Basically, that’s it. So what’s the tax?”
Continue reading…How do we solve the predicted entrenched disparity arising out of the great wealth transfer? We ask economists for their suggestionsRead more from The Age of Inheritance series hereThe $5.4tn intergenerational wealth transfer predicted to occur within the next two decades is a major challenge for Australian governments. Economists have warned it could entrench and exacerbate inequality, and make the economy less productive. So what can be done about it?“In the end, that comes down to tax,” says the former deputy reserve bank governor Guy Debelle. “Taxation is how you redistribute. Basically, that’s it. So what’s the tax?” Continue reading…