Billionaires amass more through inheritance than wealth creation, says UBS

Re:Billionaires amass more through inheritance than wealth c... by uoaei on Friday December 01, 2023 @01:25PM (#38490302)

This technique is referred to as "baby bonds" in policy circles and has a number of advocates, lots of names you'd recognize.

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Re:Billionaires amass more through inheritance than wealth c... by abeppu on Friday December 01, 2023 @02:34PM (#38491150)

... yes and no. E.g. some baby bonds proposals with backing from recognizable names would:

- have benefits which scale inversely with family income, rather than being 'universal'

- be accessible for specified purposes, like education, buying a home, etc

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