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Inheritance of Wealth - Justice, Equality, and the Right to Bequeath (Hardcover)
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Inheritance of Wealth - Justice, Equality, and the Right to Bequeath (Hardcover)
Series: New Topics in Applied Philosophy
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Daniel Halliday examines the moral grounding of the right to
bequeath or transfer wealth. He engages with contemporary concerns
about wealth inequality, class hierarchy, and taxation, while also
drawing on the history of the egalitarian, utilitarian, and liberal
traditions in political philosophy. He presents an egalitarian case
for restricting inherited wealth, arguing that unrestricted
inheritance is unjust to the extent that it enables and enhances
the intergenerational replication of inequality. Here, inequality
is understood in a group-based sense: the unjust effects of
inheritance are principally in its tendency to concentrate certain
opportunities into certain groups. This results in what Halliday
describes as 'economic segregation'. He defends a specific proposal
about how to tax inherited wealth: roughly, inheritance should be
taxed more heavily when it comes from old money. He rebuts some
sceptical arguments against inheritance taxes, and makes
suggestions about how tax schemes should be designed.
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