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No, the study shows that similar families are rich today as back then. It does not say what happened in between. It could well be that these families lost and r
by Hermel 10y ago
No, the study shows that similar families are rich today as back then. It does not say what happened in between. It could well be that these families lost and regain their fortunes multiple times.
- boxy310 10y agoStrictly speaking, the aphorism relates to the nouveau-riche. Old money may have other aspects of social entrenchment to wealth, which is only disrupted by major social disasters like World War I or the Black Plague.