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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Better idea: family-owned companies, upon death of the owner, get turned into a coop owned by all the employees of the company, each getting 1 share.

That sounds like a good way to have huge companies with one employee and thousands of contractors. But might be good if you can make it bulletproof.

That just sounds like you need more enforcement against fake subcontracting.