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38

Lessons for the Tax System from the Bettencourt Affair

2
terms
0
notes

Piketty, T. (2017). Lessons for the Tax System from the Bettencourt Affair. In Piketty, T. Chronicles: On Our Political and Economic Crisis. Penguin Books, pp. 38-40

a portion of one's inheritance that must be reserved for the children

40

whatever the size of the fortune, children have a right to the réserve héréditaire. Parents may only freely dispose of what's called the quotité disponible, set at 50 percent of the estate when there's one child, 33 percent with two children, and 25 percent with three or more children.

—p.40 by Thomas Piketty
notable
7 years, 5 months ago

whatever the size of the fortune, children have a right to the réserve héréditaire. Parents may only freely dispose of what's called the quotité disponible, set at 50 percent of the estate when there's one child, 33 percent with two children, and 25 percent with three or more children.

—p.40 by Thomas Piketty
notable
7 years, 5 months ago

a Marxist term (though never actually used by Karl Marx himself) refering to those who receive income - usually interest, rent, dividends, capital gains, or profits - from their assets and investments

40

Beyond a certain level of wealth, it’s hard to see why the law should force parents to turn their children into rentiers.

—p.40 by Thomas Piketty
notable
7 years, 5 months ago

Beyond a certain level of wealth, it’s hard to see why the law should force parents to turn their children into rentiers.

—p.40 by Thomas Piketty
notable
7 years, 5 months ago