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

Lee Duna@lemmy.nz to World News@lemmy.world – 533 points –
Next generation of billionaires collect more wealth from inheritance than from work, says UBS
theguardian.com
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That statement is true for **every ** generation of billionaires, not just the current one.

Musk, Gates, Bezos, and Zuckerberg all had multi millionaire parents that gave them "small loans" that catapulted them to billionaires. Now their fortunes, made in our lifetime by the labor of others, will be locked up for the next 400 years while people starve or die of preventable and treatable diseases.

Edit: Removed a raping skunk.

As broken and deplorable as the people on that list are, you're doing work for trump here by casually equating him with that lot. He's not an actual billionaire. It's as if you said, "look at the most eligible bachelors of all time... Marc Antony, Rudolph Valentino, Brad Pitt and Pepe Le'pew"

One of them was adjacent to females to be sure, but he was a cartoon skunk rapist. Don't help carry water for a cartoon skunk rapist.

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