this post was submitted on 28 Aug 2024
374 points (97.7% liked)
YUROP
1227 readers
1 users here now
A laid back community for good news, pictures and general discussions among people living in Europe.
Other European communities
Other casual communities:
Language communities
Cities
Countries
- !albania@lemmy.world
- !austria@feddit.org
- !belgique@jlai.lu
- !belgium@lemmy.world
- !croatia@lemmy.world
- https://feddit.dk
- !deutschland@feddit.org / !germany@feddit.org
- !eesti@lemm.ee
- https://lemmy.eus/
- !finland@sopuli.xyz
- !france@jlai.lu
- https://foros.fediverso.gal/
- !greece@lemmy.world
- !hungary@lemmy.world
- Italy: !news@feddit.it
- !ireland@lemmy.world
- !northern_ireland@feddit.uk
- !norway@lemmy.world
- !thenetherlands@feddit.nl
- Poland: !wiadomosci@szmer.info
- !portugal@lemmy.pt
- !romania@feddit.ro
- !suisse@lemmy.world
- !sweden@lemmy.world
- !ukraine@sopuli.xyz
- !unitedkingdom@feddit.uk
- !wales@lemm.ee
founded 10 months ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The key thing is that this paper looks at generational wealth accumulation. Even if families which consistently churn out stellar business people were in any way common (data says otherwise) that effect is still completely overwritten by already being ahead. As a billionaire kid, the extent of business skill you need to have to not lose everything is to hire people who have business skill and then slurp Caipirinhas on your yacht from your ample, ample dividends. And if you lose everything, well, you're losing it, on aggregate, to other billionaires, so wealth concentration still proceeds.