3 ms·

Yeah, goes to show, what you earn is really nothing. Also proves out the opposite though too. Buffett, and his kids could spend $1 million a day and never run

• habitue 8y ago
  Totally! This is actually how the rich lived back in the 1700-1800s in Europe. They had an inherited estate and just lived off of the interest earned on it. It's a big reason why it's a good idea to have a reasonably large "death tax" specifically to prevent the exponential buildup of unearned inter-generational wealth. That being said, it's also very fragile in a way. Not having skills or a wage means your wellbeing is subject to the overall economy. A lot of multi-generational fortunes were wiped out in WW2 and the great depression and never recovered.