702: The Money Show with Bruce Whitfield
Thursday, 11 June 2020
Interview evaluating constitutional law Professor Pierre de Vos’s blog about privilege and inheritance in which he suggests it is time to use inheritance tax as a means to disrupt intergenerational transfer of wealth. The main sources of inequality and the role played by inheritance in perpetuating inequality. The interview also evaluates the economic necessity to deal with inequality in South Africa and the political constraints against proposals like inheritance taxes. The discussion also highlights how some of the political constraints undermine an inheritance tax policy in reducing inequality. The interview concludes with the trade-off between inheritance taxes, expropriation of land without compensation, and the moral dilemma presented by taxing inheritances.