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In Europe, you have ultrawealthy families that have been wealthy for centuries - from the actual nobility days. The US doesn’t really have that at all, althoug
by whimsicalism 2y ago
In Europe, you have ultrawealthy families that have been wealthy for centuries - from the actual nobility days.
The US doesn’t really have that at all, although our estate tax could certainly be much higher but it is still higher than in practice in Europe.
- lm28469 2y ago> In Europe, you have ultrawealthy families that have been wealthy for centuries - from the actual nobility days. > The US doesn’t really have that at all Of course, my local pub is older than your country, generational wealth isn't a thing in the US, as is generational anything What you have is multi billionaires buying their way into politics and getting in the government while no one ever voted for them
- tmnvdb 2y agoThis is such a weird stereotype. The US was declared in 1776. Obviously it has generational wealth. Unless you think everybody lives to be 300 years old.
- tmnvdb 2y agoThis is a bit of a myth, most countries in Europe have better social mobility then the US, where people of different social classes are quite segregated. (Though as always, there is a lot of variation between countries.)