Republicans have been trying to repeal the estate tax for 35 years. For 35 years, they did not want this any longer. They've called it the death tax, but for some reason, they didn't try to do it in this latest bill. They didn't put it into the big beautiful bill.Why. Joining us now, Boston College Law School professor Ray Maidoff, who specializes in the area areas of inheritance law, trusts, and estates. She's also the author of the upcoming book, The Second Estate: How the Tax Code Made an American Aristo ...

One morning over breakfast, my children asked me, "Dad, are we rich? Does this happen to you?" It might. You know, it's a powerful question and a surprisingly difficult one to answer. I looked at our breakfast table and I said, "Well, there are just enough bread rolls for everyone. We have enough." But that's not the same as being rich.Imagine someone puts more bread rolls in front of your door than you can eat every day. The richest 1% would need a shovel. And the billionaires, they need a truck every day. ...

In mainland financial discourse, there's a widely shared but largely untested belief that a rising stock market can stimulate consumption and help boost domestic demand. The logic is simple: rising stock prices fatten investor portfolios, leading to higher consumer spending, which in turn could reinvigorate economic recovery. This idea has even made its way into official policy. For example, China's recent planto "vigorously boost consumption" suggested measures such as "stabilising the stock market." Howev ...