3 ms·
I see it as a sort of leaky inheritance. The Duke of Westminster is going to pass Mayfair down to his kids forever, but the CEO of Google can only do so much f
by lordnacho 2y ago
I see it as a sort of leaky inheritance.
The Duke of Westminster is going to pass Mayfair down to his kids forever, but the CEO of Google can only do so much for his kids. In all likelihood, they will be well educated but never get the top seat at this kind of corporation.
If you couldn't pass down anything, eg if you had to put your kids in the same schools as everyone else and not give them any advantage, it would seem to be against our instincts as parents. Yet it also isn't good for society if we gave guarantees.
- fragmede 2y agoDuke of Westminster is worth like $12B, and Sundar Pichal is worth almost $1B which is much less but still generational wealth. The CEO of Google is kept in line by the founders who keep control with dual class stock options though.