by Thomas R. Wells

Lots of people think that a few people controlling a very large share of a society’s economic power is a bad thing. It is unfair that some should have so much while so many have so much less. It is inefficient that so much wealth lies in the hands of people who already have everything they could reasonably desire. It gives some people an outsized influence on decisions that affect the whole society, and on democratic politics itself (previously). And so on.
These people often also worry that economic inequality is increasing and becoming entrenched as the rich pass their excessive wealth on to their children and more and more wealth ends up concentrated in ever fewer hands. Many of them think increasing inheritance tax is necessary to stop this. But this solution relies on a mistaken understanding of how wealth is actually transmitted between generations.
Many leftist commentators seem to believe something like the following argument:
Premise 1: Rich people passing on their wealth to their children after they die is an important cause of rising economic inequality
Premise 2: Rising economic inequality is bad
Premise 3: Without higher inheritance taxes economic inequality will continue to rise
Conclusion: Therefore, inheritance taxes should be raised
I accept premise 2, but reject premises 1 and 3 because they are based on significant misunderstandings of how the world actually works. Read more »









groups of citizens. Let’s call them the Shirts and the Skins. The Shirts believe homosexuality is an abomination that stinketh in the nostrils of the Lord, and abortion is baby murder. The Skins believe homosexuality is perfectly normal and natural, and abortion is a woman’s right. How can we build a society where those groups can get along without killing each other?



Sughra Raza. Decay Saturated. Vermont, April, 2017.
If you in any way follow AI policy, you will likely have heard that the EU AI Act’s Code of Practice (CoP) was released on July 10. This is one of the major developments in AI policy this year. 2025 has otherwise been fairly negative for AI safety and risk – the Paris AI summit in February 
I write this not to counter Holocaust deniers. That would be a waste of time; the criminally insane will spew their fantastical vitriol no matter what you tell them. Nor do I write this in the spirit of “Never forget!” As a historian I am committed to remembering this and many more genocides, particularly the most devastating and thorough genocide of all: the European genocides of Indigenous societies. At the same time, I understand the ultimate futility of admirable slogans such as “Never Forget!” For everything is forgotten, eventually. Everything and everyone.