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A comment on More than half of all private wealth has been inherited in most of Europe. Parent comment

Re:More than half of all private wealth has been inherited i... by tomlock on Monday December 18, 2017 @01:27AM (#15949856)
This sounds like a big number, but consider this - if less than 10% of Americans are millionaires then this means that millionaire parents are more than twice as likely to have millionaire children as non-millionaires.

This shouldn't gel well with someone who values meritocracy/social mobility.

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Re:More than half of all private wealth has been inherited i... by njarboe on Monday December 18, 2017 @01:41AM (#15949903)
Parents have influence on how well their children do. Nature and nurture. Is this not the whole point of parenting?

If millionaire parents are only twice as likely to have millionaire children I would be surprised.

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Re:More than half of all private wealth has been inherited i... by xorfish on Monday December 18, 2017 @06:47AM (#15950996)
Handling money responsibly is the easiest way to become a millionaire, not inheritance.

Upbringing is important and I think children of millionaires are more likely to develop healthy spending habits.

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