[nitsky]

I disagree with your assumption that entrenching generational wealth furthers poverty. When inventors believe that they can build generational wealth, they are motivated to produce better products and services, which they are able to offer at far lower prices than their value to all of us, so we all become richer. For example, I am writing this on a smartphone that cost just a couple hundred dollars. With it, I can access all of the world's knowledge and communicate with anyone instantaneously. For just a couple hundred more dollars, I sit beside an air conditioner that keeps me comfortably cool even though it is boiling outside. The barons of the gilded age could not have purchased such products for any price. So who is richer, me or them? The inventors of these products are rich, but what do I care? I am lucky to have been born into a world where these products are available for such a low price. While it hasn't been proven conclusively, anecdotal evidence suggests that more invention occurs in countries which defend generational wealth, and we all benefit.