Re:Billionaires amass more through inheritance than wealth c...
by _factor on Friday December 01, 2023 @01:28PM
(#38490357)
How about we start with the largest wealth holding: property.
One individual can own an entire town and charge people to live there indefinitely. This gets passed via inheritance and no longer equates to the initial building value.
On a micro scale, the timeframe for owning investment properties should be limited. They provide a service, but over a long period of time the owner is simply a leech.
One individual can own an entire town and charge people to live there indefinitely. This gets passed via inheritance and no longer equates to the initial building value.
On a micro scale, the timeframe for owning investment properties should be limited. They provide a service, but over a long period of time the owner is simply a leech.