A new report suggests that the massive transfer of wealth from baby boomers to their peers has become an attractive target for taxation. This transfer, estimated to be around $90 trillion in the US alone, has sparked a heated political debate on inheritance taxes. The Organisation for Economic Co-operation and Development (OECD) has proposed redesigned taxes on inheritance as a means to redistribute wealth and increase federal revenue. Pascal Saint-Amans, former director of the Centre for Tax Policy and Administration at the OECD, argues that inheritance taxes are a more feasible option than wealth taxes, as the assets of the deceased can be liquidated to cover the tax bill. However, inheritance taxes are not widely popular and their potential impact on the economy and society is a subject of debate. Aswath Damodaran, a finance professor at New York University, argues that inheritance taxes do not address the underlying issue of a declining economy and an aging population. He also points out that these taxes essentially involve double taxation, as the income has already been taxed. Damodaran expresses concern that relying on the government as a pension fund or wealth creator would discourage personal responsibility among the younger generation. Currently, inheritances in the US are taxed if they exceed $13.61 million.