Inheriting is becoming nearly as important as working
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always has been. it's only a problem because the poors stand to benefit.
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Feels like a rather dystopian title.
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If you read the article it actually says that billionaires have benefited the most from inheritance, almost as many of them became billionaires by inheriting rather than earning it themselves.
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pay walled, account walled, never happening walled.
We already know generational wealth is the biggest contributor to wealth as a whole.
also, no one earns a billion dollars.
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There’s literally an archive.is link below the post so you can avoid the paywall…
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yes, reality has a dystopian bias
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In my skin it even says tap for article
That's a pretty weird tattoo..
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"Nearly as"????
Having enough money to get the education NEEDED to work in today's world (or enough money to have the ability to get a position based on influence) has A MASSIVE influence on your quality of life.
Having one of those gets you to an equivalent position to "working your way up the ranks of a company", except you get there YEARS earlier and with less effort.
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Please tell me I'm not the only one who thought that was something other than a pacifier when I first glanced at the image
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Inheriting is more important than working and has been for some time now.
I made all of my money by working, but my success is to some extent related to being born to parents that paid for my college provided I made decent grades in high school.
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ah, feudalism
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I think for most Americans, they are considering it a win if their parents saved enough to retire and have their affairs in order. Just knowing you won't have to do some bizarre financial trickery to handle your parents retirement housing and end of life care is a huge relief, to say nothing of having anything left over to inherit when they're gone.
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Don't worry, insurance companies already have a solution to take away the inheritance for you. It's called reverse mortgage, where the insurance company give monthly payments to your parents, and when they die their house is transferred to the insurance company to be sold to Blackrock or Vanguard.
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"becoming"?
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Yup, my wife's grandmother got suckered into it. Three story, Victorian era house, located blocks from the beach, easily worth over a million dollars and it'll go to whatever bank instead of to her family that's already supporting her financially. Thanks, Tom Selleck...
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"Becoming"??? Brother... Be serious
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Retirement housing can be planned for? Per-month it's more expensive than a posh high-rise down-town!
The price can be explained; I'm just saying "retirement housing" is easily beyond what any mortal can pay.
. I'm using Alexandrite
