Billion-Heirs

[b][center]All billionaires under 30 have inherited their wealth[/center][/b]
A new study finds that all billionaires under 30 possess their wealth from inheritance, rather than creating that wealth themselves. They’re the first of more than a 1,000 people due to inherent $5.2 trillion collectively.

And you can bet they’ve already got loopholes in place to avoid paying much if any inheritance tax…

I’m not against wealth inherently; if you’ve worked hard, and you’re generating social and economic value whilst getting rich, then all the power to you. But there’s something that feels wrong about an entire generation of people becoming ultra-wealthy whilst not generating any social value themselves - perhaps I’m wrong, and they’ll reinvest this money into social equality and climate solutions. But I pessimistically believe this money is destined to stay within the upper echelon, whilst the working class are left to fight over scraps after breaking their bodies across 60+ hour work weeks.

Thoughts? Am I just being jealous?

Source: https://amp.theguardian.com/business/2024/apr/03/all-billionaires-under-30-have-inherited-their-wealth-research-finds

DeWayfarer · 61-69, M

Today, at some point around the 100 million mark, the weath is self sustaining. They just only need to reinvest to get even more wealthy.

That's wrong all by itself. Everything above that is only even greater greed. The more above that the greater the greed.

OctoberEyes · 26-30, M

@DeWayfarer Agreed.

I’d totally be for some kind of legislation that states a percentage of inheritance above a certain threshold has to be reinvested into social equality initiatives or something.

Otherwise, they can simply pool their wealth and grow it without any value being offered elsewhere.