Allison Anna Tait, ‘Inheriting Privilege’, 106 Minnesota Law Review (forthcoming 2022), available at SSRN. Over one’s lifetime, advantage processes have a cumulative and potentially significant impact on inequality. The notion of cumulative advantage, or behavior processes whereby wealth continues to fall into the hands of individuals based upon how much they have already accumulated, is a concept to which many labels are applied: preferential attachment; ‘the rich get richer’; the Matthew effect. Most law school courses on trusts and estates consider (to some extent) the privilege, power, and opportunity that flows from economic wealth …” (more)
[Victoria J Haneman, JOTWELL, 22 December]
First posted 2022-01-07 09:00:52
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