More than half of all private wealth has been inherited in most of Europe

Re:More than half of all private wealth has been inherited i... by ajeet_dhaliwal on Sunday December 17, 2017 @07:13PM (#15948455)

Won’t this eventually happen in the United States too? What’s stopping it other than a later start.

There’s more entrepreneurial spirit perhaps but the sons and daughters of wealth creators will still inherit.

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Re:More than half of all private wealth has been inherited i... by gbacon on Sunday December 17, 2017 @08:28PM (#15948738)

Read the chapter “Economic Outpatient Care” in Thomas Stanley’s The Millionaire Next Door to learn how poorly on average American millionaires pass to their children the skills necessary to build wealth.

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Re:More than half of all private wealth has been inherited i... by askvictor on Monday December 18, 2017 @03:40AM (#15950307)

Americans, perhaps. But whole nobility (more of a European thing) thing is in part to preserve these skills across generations.

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Re:More than half of all private wealth has been inherited i... by eksabajt on Monday December 18, 2017 @09:02AM (#15951615)

I'm not certain about the figures for wealth mobility, but intergenerational income mobility is already worse in the United States than in Europe and has been for some time.

https://wol.iza.org/uploads/articles/176/pdfs/intergeneratio...

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