Take financial asset inheritance out of the equation and the chart would look a lot similar. Money isn’t the only form of privilege capital that’s passed down from one generation to another.
Now, now, since 1993 you’re supposed to call it the “death tax.” Not that the GOP will feel the need to discuss it under any name for the next four years.
The chances of any individual inheriting more than $1-million (where the estate tax starts kicking in, IIRC) are only going to get slimmer in the future as wealth continues to concentrate in the top 1% of households.
