To tackle wealth inequality, reform inheritance tax

Wealth inequality has worsened over the past decades, with the top 10 per cent owning more than 40 per cent of all private wealth. At the same time, most wealth in the UK is inherited wealth . David Willets recently proposed a universal inheritance of £10,000 for all over 30, as a way of alleviating this disparity. But while a universal inheritance would help with issues such as accessing credit, only serious reforms to inheritance tax could help tackle wealth inequality, argue Nicolas Grimprel and Camille Landais.