The Visionary Days 2021 digital event “How Fast Will Tomorrow Be?” involved 2,500 under-35s from all over Italy: 10 hours of collective brainstorming and an artificial intelligence tool to process the proposals of the connected 2,500 young people. Among the guests was Salvatore Morelli, assistant professor in public economics in the Law Department of the University of Roma Tre, director of The GC Wealth Project at the Stone Center, and member of the Coordination Committee of the Italian Forum on Inequality and Diversity (ForumDD). In his speech, Morelli explains the link between the concentration of wealth, the growing weight of inheritances and the ineffectiveness of taxation on these transfers, low social mobility, and the severe generational crisis experienced by young people in Italy. Morelli presented the proposal of universal and unconditional inheritance advanced by the ForumDD in March 2019 which foresees 1) a modification of the current inheritance tax using the individual’s cumulative wealth transfers received over the lifetime as the tax base 2) an exemption threshold of 500,000 euros valid for everyone irrespectively of the parental relationship with the donor 3) the institution of a universal, unconditional inheritance of 15,000 euros (10 percent of the average net personal wealth) to be transferred to everyone turning 18 years old. The first of these measures would largely finance the second.
This video is in Italian.