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by globular-toast 960 days ago
It's an interesting question. Generational wealth only matters if some are able to do it while others are not. In other words, the only thing that really matters is inequality. I'd rather totally get rid of generational wealth (ie. inheritance) and have everyone start from the same place (or perhaps an adjusted position to compensate for other factors).

Spain has lower inequality than the UK and a lot lower than the US. Inequality in the US is rising, but inequality in Spain appears to be rising rapidly. This might be because those buildings are owned by private entities who are building generational wealth.