Universal inheritance: Difference between revisions
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Undid revision 1175064053 by DaddyCell (talk)ok: 1) I can't read the spanish source, and since this is an English wikipedia, there ought to be more than just this ONE source. 2) The WSJ article narrowly talks about Florence. 3) The third source surveys four countries. Neither of the two sources support "Inheritance MOST contributes to inquality". Regarding this claim, please read the WP:NOR policy. |
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'''Universal inheritance''' is a proposal for all [[citizen]]s, upon reaching a [[Age of majority|certain age]], to receive an economic [[endowment]] from the [[State (polity)|State]].<ref>{{cite web |title=The Campaign for Universal Inheritance |url=https://www.universal-inheritance.org/}}</ref><ref name="estrategia">{{cite web |title=España 2050. Fundamentos y propuestas para una Estrategia Nacional de Largo Plazo |url=https://www.lamoncloa.gob.es/presidente/actividades/Documents/2021/200521-Estrategia_Espana_2050.pdf |website=Gobierno de España |language=es |date=2021}}</ref> |
'''Universal inheritance''' is a proposal for all [[citizen]]s, upon reaching a [[Age of majority|certain age]], to receive an economic [[endowment]] from the [[State (polity)|State]].<ref>{{cite web |title=The Campaign for Universal Inheritance |url=https://www.universal-inheritance.org/}}</ref><ref name="estrategia">{{cite web |title=España 2050. Fundamentos y propuestas para una Estrategia Nacional de Largo Plazo |url=https://www.lamoncloa.gob.es/presidente/actividades/Documents/2021/200521-Estrategia_Espana_2050.pdf |website=Gobierno de España |language=es |date=2021}}</ref> |
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[[Inheritance]] is one of the legal and economic elements that most contributes to perpetuating [[Economic inequality|inequality]].<ref name="estrategia"/><ref>{{cite news |last1=Zumbrun |first1=Josh |title=The Wealthy in Florence Today Are the Same Families as 600 Years Ago |url=https://www.wsj.com/articles/BL-REB-35714 |publisher=The Wall Street Journal |date=May 19, 2016}}</ref><ref>{{cite journal |last1=Palomino |first1=Juan C. |title=Wealth Inequality, Intergenerational Transfers and Family Background |journal=Social Science Research Network |date=July 24, 2021 |doi=10.2139/ssrn.3623547 |url=https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3623547}}</ref> Thus, from [[Heterodox economics|heterodox economic]] perspectives, inheritance has been criticized both from a historical standpoint, as property and inequality in its distribution couldn't be understood without the [[Primitive accumulation of capital|original accumulation of capital]]; and from an ethical and justice standpoint, as no human being would have the right to greater [[ownership]] over Earth's wealth solely by the circumstance of being born into one family or another.<ref>{{cite book |last1=Marx |first1=Karl |author-link=Karl Marx |title=[[Das Kapital]] |date=1867}}</ref><ref>{{cite book |last1=Piketty |first1=Thomas |author-link=Thomas Piketty |title=[[Capital in the Twenty-First Century]] |date=2013}}</ref> |
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In this manner, universal inheritance has been proposed as a way to offset wealth distribution inequality, funded through [[progressive tax]]es.<ref name="Piketty">{{cite news |title=Piketty propone un sistema de "herencia" universal pagado por los multimillonarios |url=https://www.expansion.com/economia/2019/11/30/5de24143e5fdea41768b461d.html |publisher=Expansión |date=30 November 2019 |language=es}}</ref><ref>{{cite news |last1=Torres López |first1=Juan |title=Herencia universal: una propuesta que enreda y no soluciona mucho |url=https://blogs.publico.es/juantorres/2023/05/05/herencia-universal-una-propuesta-que-enreda-y-no-soluciona-mucho/ |publisher=Público |date=5 May 2023 |language=es}}</ref> |
In this manner, universal inheritance has been proposed as a way to offset wealth distribution inequality, funded through [[progressive tax]]es.<ref name="Piketty">{{cite news |title=Piketty propone un sistema de "herencia" universal pagado por los multimillonarios |url=https://www.expansion.com/economia/2019/11/30/5de24143e5fdea41768b461d.html |publisher=Expansión |date=30 November 2019 |language=es}}</ref><ref>{{cite news |last1=Torres López |first1=Juan |title=Herencia universal: una propuesta que enreda y no soluciona mucho |url=https://blogs.publico.es/juantorres/2023/05/05/herencia-universal-una-propuesta-que-enreda-y-no-soluciona-mucho/ |publisher=Público |date=5 May 2023 |language=es}}</ref> |
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Revision as of 20:22, 14 September 2023
Universal inheritance is a proposal for all citizens, upon reaching a certain age, to receive an economic endowment from the State.[1][2]
Inheritance is one of the legal and economic elements that most contributes to perpetuating inequality.[2][3][4] Thus, from heterodox economic perspectives, inheritance has been criticized both from a historical standpoint, as property and inequality in its distribution couldn't be understood without the original accumulation of capital; and from an ethical and justice standpoint, as no human being would have the right to greater ownership over Earth's wealth solely by the circumstance of being born into one family or another.[5][6]
In this manner, universal inheritance has been proposed as a way to offset wealth distribution inequality, funded through progressive taxes.[7][8]
The first proposal for universal inheritance was made by Thomas Paine in 1795,[9] although similar measures have been proposed in different countries and historical moments since then.[7]
Among the criticisms of this measure is the fact that it's proposed as an inheritance for all citizens, regardless of their economic status.[10] Additionally, it could lead to a reduction in the effort of young individuals to educate themselves and contribute through their work to the well-being of the entire society.[11]
See also
References
- ^ "The Campaign for Universal Inheritance".
- ^ a b "España 2050. Fundamentos y propuestas para una Estrategia Nacional de Largo Plazo" (PDF). Gobierno de España (in Spanish). 2021.
- ^ Zumbrun, Josh (May 19, 2016). "The Wealthy in Florence Today Are the Same Families as 600 Years Ago". The Wall Street Journal.
- ^ Palomino, Juan C. (July 24, 2021). "Wealth Inequality, Intergenerational Transfers and Family Background". Social Science Research Network. doi:10.2139/ssrn.3623547.
- ^ Marx, Karl (1867). Das Kapital.
- ^ Piketty, Thomas (2013). Capital in the Twenty-First Century.
- ^ a b "Piketty propone un sistema de "herencia" universal pagado por los multimillonarios" (in Spanish). Expansión. 30 November 2019.
- ^ Torres López, Juan (5 May 2023). "Herencia universal: una propuesta que enreda y no soluciona mucho" (in Spanish). Público.
- ^ "¿Es factible la herencia universal de 20.000 euros a quienes cumplan 18 años que propone Yolanda Díaz?" (in Spanish). On Economia. 4 July 2023.
- ^ Pérez, Patricia (4 July 2023). "Herencia universal para jóvenes: así es la polémica medida que plantea Yolanda Díaz" (in Spanish). El Comercio.
- ^ Soriano, Domingo (6 May 2023). "¿Tiene algún sentido regalar 20.000 euros a los 18 años? Las claves de la propuesta más peculiar de Yolanda Díaz" (in Spanish). Libre Mercado.