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A comment on The wealth of the 25 richest families in the world soared 43% in the last year. Parent comment

Re:The wealth of the 25 richest families in the world soared... by JKCalhoun on Friday December 08, 2023 @01:20PM (#38572277)
I was just reading (from HN recently) about when, in the Nineteenth Century, I believe) England did away with trust perpetuity. It destroyed the dynastic family wealth but instead kicked off the greatest entrepreneurial expansion the country had ever seen.

Even if the poor fared a little better we cannot say if they would not have fared even better still had we less of a wealth divide.

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Re:The wealth of the 25 richest families in the world soared... by gottorf on Friday December 08, 2023 @01:25PM (#38572346)
19th century England was the height of the Industrial Revolution. Trust perpetuity probably had no effect on entrepreneurial expansion, especially considering that the aristocrats who were the primary beneficiaries of these dynastic trusts weren't the people who were engaging in entrepreneurship to begin with.
[ Parent | on HN ]