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A comment on Inheriting is becoming nearly as important as working. Parent comment

Re:Inheriting is becoming nearly as important as working by WalterBright on Saturday March 01, 2025 @12:31PM (#43221492)
> the rich have been transferring money from the poor to themselves at a dramatic rate.

1. The poor don't have money to be transferred to the rich

2. The top 1% pay 40% of the Federal income taxes

3. Medicare, Medicaid, Education and Social Security are wealth transfers to the poor

The wealthy businessmen created their wealth, it was not transferred to them.

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Re:Inheriting is becoming nearly as important as working by ProllyInfamous on Saturday March 01, 2025 @02:12PM (#43222569)
Where is all this productivity [0] going, then, if not to wages? Is it just "disappearing" [unlikely, IMHO]?

[0] researchgate.net/figure/US-Productivity-and-Hourly-Compensation-Source-Bureau-of-Labor-Statistics_fig1_270640833

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Re:Inheriting is becoming nearly as important as working by WalterBright on Saturday March 01, 2025 @07:27PM (#43225766)
It goes to the government. The government consumes something like 24% of the GDP.
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Re:Inheriting is becoming nearly as important as working by Straw on Sunday March 02, 2025 @06:26AM (#43229347)
That's federal only!
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Re:Inheriting is becoming nearly as important as working by consteval on Friday March 07, 2025 @03:31PM (#43294253)
… and then 40% of the GDP comes from the public sector.

Centralized systems are more efficient by definition, it’s why the public sector can seemingly magically multiply money where the private sector cannot.

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Re:Inheriting is becoming nearly as important as working by Straw on Sunday March 02, 2025 @06:25AM (#43229340)
Wages don't count benefits, total compensation has risen faster than wages.
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