Leaving aside politics, the most obvious sign of the generational conflict in Taiwan is the uneven distribution of wealth. Large inheritances are the main cause of this extremely uneven distribution of wealth and the worsening gap between rich and poor. The government should promptly levy a wealth transfer tax on high-income groups, by raising the inheritance tax and implementing a minimum tax on high-income earners, to prevent the further widening of the wealth gap and achieve generational equity. In addition to shifting resources into welfare for the elderly, the government must also implement reasonable tax reform to address wealth distribution. That could perhaps reduce generational conflict and promote generational reconciliation.

Source: Taipei Times February 02, 2020 15:56 UTC