298. Wealth and Inequality: Should Inheritance Be Abolished? (English Vocabulary Lesson)

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What is inheritance? Should inheritance be taxed? And if so, at what level?
Today I want to talk about wealth, inequality, and whether or not we should change our system of inheritance in the future!
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VOCABULARY LIST

• Inheritance (Noun): Property, money, or assets received from someone who has died.

• Progressive Tax (Noun): A tax system in which the rate of tax increases as income or inheritance increases.

• Wealth (Noun): The amount of valuable possessions or money owned by an individual, family, or society.

• Asset (Noun): A useful or valuable thing or person.

• Estate (Noun): All the money and property owned by a particular person, especially at death.

• Meritocracy (Noun): A system in which advancement or success is based on ability or achievement rather than on factors such as age, race, or class.

• Inequality (Noun): Difference in size, degree, circumstances, etc.

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[@yovannymoreno7494]

I just wanted to say a big thank you for your podcast. Your topics are so easy to understand and really funny, which has helped me to improve my English skills.

[@thinkinginenglishpodcast]

Wow, thank you!

[@englishstory-tv]

Good idea for a video!!!

[@thinkinginenglishpodcast]

I need to save up for a new laptop... And then I'll try making and editing videos!

[@lilianatria2877]

Thank you for the podcast. Gripping topic. In my opinion, inheritance should be taxed at 100% but it's also true that I'm comfortable with this idea because I have neither wealth nor children. I suppose that being in favor of progressive taxation is more reasonable. We also need to take into account people who have sweated to earn their money and want to share their luck with their sons

[@thinkinginenglishpodcast]

Thanks for sharing!

[@juanjosepitasantini4201]

Hi, I think the vast majority of taxes goes for the goverment's familys, not the public services.