The Heritage for Everyone Foundation is giving away a so-called basic inheritance to people aged 30. The cities will be drawn soon.
The Inheritance for All association aims to strengthen equal opportunities for the next generation. In this context, the feasibility of a general, family-independent minimum inheritance law is being investigated. The resulting inheritance for all is intended to implement this directly.
This is what lies behind the basic heritage
The basic inheritance is a concept in which the state provides all citizens with a fixed amount of money in order to improve their economic starting opportunities and reduce wealth inequality. The German Institute for Economic Research (DIW), for example, has proposed paying every citizen 20,000 euros from the age of 18, financed from inheritance or wealth taxes. This starting capital could be used to build wealth, for education or other sensible investments.
The idea is that the basic inheritance will help young people in particular to get a better financial start in life and reduce wealth inequality in the long term. One of the pilot projects is the annual awarding of the foundation's assets to selected people, which is scheduled to take place again in 2024. On July 7, the three cities in which eligible people can apply will be determined.
A total of three times 20,000 euros are available, each of which will be awarded to one 30-year-old per city. This means that anyone born in 1994 is initially eligible to participate, provided they are registered as having their main residence in the respective city on the reference date.
Registration and criticism of the Grunderbe project
Anyone who meets the criteria and would like to apply for the basic inheritance can register there as soon as the contact form for 2024 is available. Then you just have to agree to a framework agreement and the application is complete.
However, there is also criticism and challenges in its implementation, especially with regard to financing and the sensible use of the land inheritance by the recipients. Despite the controversy, the concept continues to be discussed in politics and the public in order to find solutions to reduce economic inequalities.
Sources: German Institute for Economic Research, Inheritance for Everyone
By Dana Neumann
