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Re:Billionaires amass more through inheritance than wealth c... by andrewjl on Friday December 01, 2023 @04:55PM (#38493024)
The math doesn't work out by design due to favorably shaped policies. A sizable amount of wealth is hidden away extra-jurisdictionally or consists of intentionally undervalued assets or isn't captured in statistics.
Re:Billionaires amass more through inheritance than wealth c... by AnthonyMouse on Saturday December 02, 2023 @05:28PM (#38502784)
Lots of very wealthy people keep wealth in tax shelters, but that reduces their tax burden, not their net worth. Bill Gates doesn't secretly have a trillion dollars.