Inherited Wealth

Sanders' new 'For the 99.8% Act' is squarely aimed at preventing the children of today's billionaires from dominating our future democracy, economy, culture and philanthropy.

"The past 30 years have seen far greater wealth creation than the Gilded Age," the UBS annual billionaires report says.

Denying the role of inherited wealth fuels the mythology of meritocracy and keeps us from addressing structural inequality.

We’ve reached the point where a handful of extraordinarily wealthy clans essentially have the power to suffocate our democracy.