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This is a cute myth, but it is not true. There are plenty of billionaires who inherited their wealth [0]. One thing to note is this list (as most wealth lists o
by marnett 3y ago
This is a cute myth, but it is not true. There are plenty of billionaires who inherited their wealth [0]. One thing to note is this list (as most wealth lists often do) focuses on USA billionaires whose wealth is largely from industry, and their children who inherited it; it does not include the more internationally observed phenomenon of children of royalty or similar heirs of great wealth.
[0] https://www.madisontrust.com/information-center/visualizations/which-of-the-worlds-richest-people-inherited-their-wealth/ https://www.madisontrust.com/information-center/visualizatio...
- dwb 3y agoCool, yep, I'm also in favour of a 100% inheritance tax and abolishing monarchies.