Inheritance is often framed as a moral question about inequality — but economically it is also a mechanism that transfers businesses and productive capital across generations. When companies pass from parents to children, what is inherited is not only wealth, but also knowledge, relationships, and jobs.Yet when succession becomes a liquidity event through taxation, profitable firms may be forced to sell, take on debt, or break apart. In Europe, where family businesses form the backbone of the economy, successful succession determines the future of millions of jobs.This episode explores why inheritance policy is not just about fairness — but about who ultimately owns the productive foundation of an economy.