Hi all,
I’m seeing a lot of hate for capitalism here, and I’m wondering why that is and what the rationale behind it is. I’m pretty pro-capitalism myself, so I want to see the logic on the other side of the fence.
If this isn’t the right forum for a political/economic discussion-- I’m happy to take this somewhere else.
Cheers!
At least in the US, there hasn’t been much of a history of successful dynasties. Fortunes do get passed down, but not for long. Take the Vanderbilt family. There are few famous Vanderbilts in modern day US life. The one I find most recognizable is Anderson Cooper, and he got his millions from working, not inheriting. Of course, there’s a constant attempt from the Republican Party to repeal the estate tax, so that might change.