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Another mechanism may be that rich families tend to attract richer-than-average persons to marry into them. The biggest problem is that wealth means power and
by bayesian_horse 8y ago
Another mechanism may be that rich families tend to attract richer-than-average persons to marry into them.
The biggest problem is that wealth means power and power means you take wealth from less powerful people.
- tomp 8y agoThis just means that the average spousal wealth doesn't change with marriage (assuming sharing of all assets). It doesn't explain why wealth stays the same over longer periods of time / over generations.
- bayesian_horse 8y agoMy point is that the family name will be preferentially handed down the more affluent "blood lines".