This headline would probably not have been written pre-Piketty.
The greatest wealth transfer in history is underway, according to a new report.
A study from the Boston College Center on Wealth and Philanthropy projects that $59 trillion is expected to be passed down to heirs, charities and taxes between 2007 and 2061.The Huffington Post
The study said heirs will receive $36 trillion over that period, while federal estate taxes will receive $5.6 trillion.
Heirs To Inherit $36 Trillion For Doing Nothing
Robert Frank, CNBC
2 comments:
The Onion would have ran it, if they thought of it...
"America's Finest News Source" indeed.
"$59 trillion is expected to be passed down to heirs, charities and taxes"
Another meaningless statistic. "19.5% of college students abuse alcohol or drink diet soda."
Heirs, Charities, and Taxes performed a benefit concert last weekend, with lead singer, Doctor Death, bringing down the house.
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