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Wealth naturally dissipates through the generations. What has changed the most is the birth rate of the wealthy. If they went back to having a dozen children a
by humanrebar 9y ago
Wealth naturally dissipates through the generations. What has changed the most is the birth rate of the wealthy.
If they went back to having a dozen children apiece, wealth would dissipate at least an order of magnitude per generation.
- ridgeguy 9y agoDepends on laws and customs. Primogeniture concentrates inherited wealth in firstborn (usually male) offspring. [1] [1] https://en.wikipedia.org/wiki/Primogeniture https://en.wikipedia.org/wiki/Primogeniture
- goliatone 9y agoOT but I grew up in a place where first borns would inherit the land that was good for farming and other siblings would get the less desirable land, usually on the coast. Apparently it would make siblings tear each other apart because the difference in land had a huge impact on a family’s wellbeing. Eventually, with tourism, the value of land flipped, making families that owned land by the coast become wealthy. Talk about external factors affecting upward mobility.
- deleted 9y ago[deleted]