this post was submitted on 13 Apr 2025
811 points (99.5% liked)
Memes
49872 readers
2823 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 6 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Well, kinda...due to inheritance, it'd kinda be like the Lernaean Hydra.
Ok so it’s just a math problem, then. Inheritance is taxed and incurs other costs, so there’s some re-distribution. Plus with multiple heirs, the estate may be divided.
So keep shooting for another couple of months. I’m just saying, it’s totally doable, it will just take a bit more effort.
This might be the trickle down we’ve all be promised.
Isn't there some depressing statistic about 2nd and 3rd generations losing most of the fortune or at least losing any control over it.
went take a chance? ammo maybe cheaper than eggs in the US these days.
There is, but it's basically made up to support the notion that it's very difficult to stay rich. It's actually very rare for subsequent generations to lose inherited wealth, it just gets partitioned out so there are dozens or hundreds of rich people instead of one disgustingly wealthy individual.
Similar to lottery winners losing everything, it makes a much bigger headline when one loses everything despite it being incredibly uncommon.