I baby boomer francesi lascerà $ 10 trilioni di eredità ai loro figli entro il 2040.
https://i.redd.it/6iit8wn2na0f1.png
di nimicdoareu
I baby boomer francesi lascerà $ 10 trilioni di eredità ai loro figli entro il 2040.
https://i.redd.it/6iit8wn2na0f1.png
di nimicdoareu
22 commenti
Inherited wealth represents 60% of France’s national wealth, nearly double what it was in the 1970s, and is concentrated in the elites: the richest 10% account for 54% of the country’s total value.
[Source](https://www.lemonde.fr/en/economy/article/2025/05/07/how-france-has-become-a-nation-of-heirs-again_6741000_19.html)
How much will be gobbled up by inheritance taxes?
They should hurry up.
Meanwhile in Austria it is almost not taxed …
They will manage to spend it on retirement vegas or something
Inheritance is evil.
Most of this wealth is concentrated at the 1-10% of population
France already has one of the highest inheritance tax rates in the world. Highest rate by a few countries:
France 45% (immediate family) to 60% (distant relatives)
Germany 30% (immediate family) to 50% (distant relatives)
UK 20% to 40%
Netherlands 10% to 40%
Italy 4% to 8%
Norway, Sweden, Austria 0%
Where’s my share lol
There’s two sides to this – more people passing down inheritances and the economy overal becoming stagnant which leads to an inheritocracy, because less new value is created. I think the latter is a problem across all Europe and is the real problem. All the focus is on pulling down other people and none is on making a system where ambition, drive and professionalism is rewarded with growth. No wonder so many people want to work remotely for a USA company.. I think this is the real issue.
Land value tax.
In France, you’ll have plenty of people who retired at 55 or 62, received a 5000/month pension and free health care from the tax coffers for 30 years until they die. Then leave an estate of a few million to their kids (about 10% of people retiring now are millionaires – the richest cohort).
Meanwhile, if any of this (early retirement, high pensions,…) is put into question, unions and working class youth will riot and some unspecified “elites” and “billionaires” will be blamed. In the end, younger people earning a good salary will be taxed even more.
Meanwhile all Poles inherited from their baby boomers is generational trauma
Thomas Picketty wrote an excellent book on this kind of subject a 10 years ago where inherited wealth and property would eventually be more lucrative than real productive economic output.
It’s extremely dangerous because it means the winners are pre determined by birth and the winners are not due to the fruits of their own labour or by taking a risk or getting lucky but by having a parent die and pass on wealth.
Ah yes, a chart that forms a perfect straight line over the next 15 years. Something tells me this is nonsense.
Trésor public être comme: c’est pour moi? 👉☺️👈
There’s so much talk about burdening our children with public debt, but too little talk about this topic.
If you assume that there is going to be 20 millions baby boomers passing away in the next 15 years, this represents an average of 500k euros per person, and is basically the price of a house in today’s France (I mean, how shocking, parents being able to leave a house after paying the mortgage to their children when they die. /s). And the values of those houses are very and artificially inflated by the current housing crisis.
If the implication is that the French government should tax it more, it is already taxing it a lot and it is an extremely unpopular tax.
The government is trying to find money somewhere. Take it from old people and rich people (often the same people). Yes, it’s that simple.
Stop burdening those with most of their life ahead to protect those with only 5-20 years left.
Not necessarily a bad idea to compare inheritance to GDP for tax considerations, but in heritance does not actually contribute to the GDP so it’s quite a misnomer here.
Don’t worry, big government will make sure less than half of it is actually inherited. They’ll raise the tax rate as much as they can.
Na they will leave nothing nothing.
What the chart shows is larger and larger share of old people in countrys wealth.
But wealth is generated each year and then consumed right away. Food gets eaten. Fuel gets burned. Infrastructure and housing requires maintaniance.
All the balances in bank accounts and property values are theoretical. What makes them worth something is are working age people between 20-50 who generate the gdp.
Most people don’t get any inheritance untill they are old themselves, and then when your parents die and you are in 50s then you think about your own retirement, not about more work.
So it should be titled the wealth that got taken from working age people and hoarded by old boomers.