7 years ago

We should give all 25-year-olds a universal inheritance of at least £10,000 to reduce wealth inequality

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. By transforming a portion of national private and corporate wealth into public wealth, the fund would capture for the public the higher returns to capital that are driving growing wealth inequality. We propose that the fund goes further, and reduces individual wealth inequality by providing all 25-year-olds with a universal minimum inheritance of £10,000. We calculate that a fund worth enough to pay a £10,000 dividend to all 25-year olds from 2030 could be capitalised through a mix of existing assets, new taxes on wealth, royalties from future public assets such as spectrum sales and some borrowing. A Citizens’ Wealth Fund would create and protect everyone’s share in our economy, for both current and future generations.

The Independent
Assets Inheritance Fund Citizens Set Our Economy Inequality Wealth Inequality Public Assets Public Wealth
Ministers urged to consider higher inheritance taxes in bid to tackle ‘big wealth’
4 months, 2 weeks ago

Ministers urged to consider higher inheritance taxes in bid to tackle ‘big wealth’

The Independent
Wealth
Calls for £10,000 ‘citizen’s inheritance’ for all 30-year-olds
1 year, 1 month ago

Calls for £10,000 ‘citizen’s inheritance’ for all 30-year-olds

The Independent
Inheritance
Parents risk pensioner poverty to get children on the property ladder, experts warn
5 years, 7 months ago

Parents risk pensioner poverty to get children on the property ladder, experts warn

The Independent
Retirement
If we’re serious about tackling wealth inequality, we need to tackle aristocratic trust funds
7 years, 5 months ago

If we’re serious about tackling wealth inequality, we need to tackle aristocratic trust funds

The Independent
Trust
Rising wealth inequality risks leaving UK youth behind, warns report
7 years, 5 months ago

Rising wealth inequality risks leaving UK youth behind, warns report

The Independent
Wealth
Young people will be poorer than their parents at every stage of life, IFS finds
9 years, 4 months ago

Young people will be poorer than their parents at every stage of life, IFS finds

The Independent
Wealth
Britain's divided decade: the rich are 64% richer than before the recession, while the poor are 57% poorer
10 years, 1 month ago

Britain's divided decade: the rich are 64% richer than before the recession, while the poor are 57% poorer

The Independent
Wealth

Discover Related