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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'
by 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.