▲ | didibus 15 hours ago | |
> There’s an understandable focus on the first-generation billionaires — the Bezoses and Musks — and their surging wealth gains during the pandemic. But America also has growing and persistent “wealth dynasties”: multigenerational inherited wealth families. There are fifty dynastic families in the United States with a combined $1.2 trillion in wealth that we know of. Most likely there are trillions more hidden in trusts and offshore sites. The twenty-seven wealthiest families that were billionaires in 1983 have seen their wealth increase over 900 percent in the last thirty-seven years. I don't know, the article seem to make more a case of feudalism. | ||
▲ | ttyprintk 15 hours ago | parent [-] | |
Feudalism appears 6 times. > Looks like feudalism, smells like feudalism. If legitimate grievances, like the asymmetry of offshore tax havens, must be dismissed as groundless in order to participate in politics, then extreme reactions will look like extreme reactions to feudalism. |