Hacker News new | ask | show | jobs
by dsq 1790 days ago
Wouldn't the problem be self correcting, then? Incompetent inheritors waste their ancestors hard earned wealth on Lamborghinis, bad investments, casinos etc. The money returns to the wider economy (Lamborghini engineers, real estate taxes, tips for cocktail waitresses). After 3 generations the problem solves itself. Those families who remain rich may be the most intelligent ones.