Increase the Inheritance Tax

For some young workers, the aging of the American population means growing care burdens, while others anticipate a life-changing windfall. Higher taxes on the ever-growing number of inheritances could meaningfully reduce inequality.

As the population ages, more money is inherited each year. This is a growing opportunity — both to reduce inequality and to raise revenue to provide crucial social services that improve people’s lives. (Nathan Posner / Anadolu via Getty Images)

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