5 ms·
I think inherited wealth is downright cancerous to society. Ideally, we want to promote the most talented people into the positions where they have the most po
by mullingitover 2y ago
I think inherited wealth is downright cancerous to society.
Ideally, we want to promote the most talented people into the positions where they have the most power and can wield it wisely. With inherited wealth, we instead give huge advantages to, not the talented, but the lucky, and we end up with incompetent leadership who are able to simply buy power with an inconsequential fraction of their wealth. When power is bought and not earned, you end up with people who do idiotic things with power. Eventually the society rots from within and is toppled by more efficient groups.