823
Let's gooooooo.
(lemmy.ml)
cross-posted from: https://lemmy.world/post/23703739
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this post was submitted on 13 Apr 2025
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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.