though it is closely related to—more carefully studied, but arguably much less important in practice—externalities from … giving. Potential externalities from wealth accumulation and concentration are yet to be seriously addressed. …

The debate on inheritance and inheritance taxation has always been linked with the " efficiency versus equity issue …". Some consider inheritance taxes as highly appropriate means to bring forth more economic equality, especially equality in … starting conditions. Others openly doubt the effectiveness of inheritance taxes in this domain, and point out that the negative …