Second EstateRay D. Madoff
Second Estate
by Ray D. Madoff · first published 2025
4mentions
2recommended by
4HN commenters
2025–2026first – last mentioned
50% recommend50% neutral
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Lots of confusion and misunderstanding in these comments. Not surprising, given the highly charged nature of the subject. I highly recommend Ray Madoff's book The Second Estate [1] to learn more about the topic. [1] https://press.uchicago.edu/ucp/books/book/chicago/S/bo256019...
on “How to convert between wealth and income tax” ↗A great practical suggestion comes in the recent book: "The Second Estate" by Ray Madoff. It is an excellent analysis of the changes to tax policy in the US that have gotten us here. (Yes, I know this isn't just a US problem, but the US is the most important part.) One key…
on “Life During Class Wartime” ↗The Slate Money podcast had a recent episode of their "Money Talks" series that interviewed Ray Madoff, author of the new book The Second Estate. It was an interesting listen—could've been longer, IMO—and I appreciated the discussion about the history of the inheritance tax in the US and how it has become useless, largely through political inaction…
on “Over $70T of inherited wealth over next decade will widen inequality, economists” ↗…income. Billionaires can completely avoid income taxes by paying themselves a very low salary and instead borrowing money against their assets (usually stock), which is not taxed as income. Source: The Second Estate by Ray Madoff (2025)
on “How to convert between wealth and income tax” ↗