World NewsEnglish • 10 months ago

Next generation of billionaires collect more wealth from inheritance than from work, says UBS

www.theguardian.com

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Next generation of billionaires collect more wealth from inheritance than from work, says UBS

www.theguardian.com

World NewsEnglish • 10 months ago

Swiss bank favoured by super-rich says 1,000 billionaires are likely to pass on $5.2tn to their children over next 20 years

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@assassin_aragorn
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2•10 months ago
It’s in generation 0’s (original wealth holder) interest as well. Massive inheritance like that ruins upbringing. After a few generations your family line is reduced to Musk and Trump. Nobody wants that.

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