Billionaires amass more wealth through inheritance than wealth creation says UBS

Comments

• edgemaster72@lemmy.world ⁨12⁩ ⁨hours⁩ ago

  Whaaaaaat, nooo, they totally earned that money you guys, c’mon 🙄

  source

  • AllNewTypeFace@leminal.space ⁨3⁩ ⁨hours⁩ ago

    “Hereditary meritocracy”

    source
  • kinsnik@lemmy.world ⁨8⁩ ⁨hours⁩ ago

    but that is ok because i read ayn rand and if they didn’t actually deserved it they would have squandered it all and she is a really smart and totally honest woman who wouldnt go on social security and if she did her situation is different you dont get it

    source

    • Jake_Farm@sopuli.xyz ⁨5⁩ ⁨hours⁩ ago

      Don’t you guys get it! My vibes based “source? I made it the fuck up” knowledge is way more trust worthy than statistics.

      source
    • reabsorbthelight@lemmy.world ⁨6⁩ ⁨hours⁩ ago

      Don’t forget how billionaires are noble and don’t give their wealth to their children unless their children could earn it themselves

      source
• D_C@sh.itjust.works ⁨1⁩ ⁨hour⁩ ago

  I’m ok with (realistic) inherited wealth IF the people who initially amassed that wealth were taxed fairly. But there should be a realistic limit to what can be inherited.

  Billionaires shouldn’t exist. Hell, anything over 10 million pounds is too much these days.

  source
• AntiBullyRanger@ani.social ⁨4⁩ ⁨hours⁩ ago

  And I STILL read electoralist posts in 🧵🌐!

  source
• SalamenceFury@piefed.social ⁨11⁩ ⁨hours⁩ ago

  At this point we might actually need a second Huey Long.

  source
• thenextguy@lemmy.world ⁨9⁩ ⁨hours⁩ ago

  Wealth creation doesn’t say UBS.

  source