Sid- ney L. Carroll, in Challenge (May-June 1991), 80 Business Park The Wealth Dr., Arrnonk, N.Y. 10504.
A mere one percent of all Americans own nearly one-third of the nation's wealth- $3.7 trillion in 1986. Roughly one-half of their considerable fortunes were inherited. And much of that inherited wealth is not put to imaginative use. On the contrary, asserts Carroll, an economist at the Uni- versity of Tennessee, Knoxville, massive inherited fortunes are typically locked away in estate trusts,...