Nov 14, 2022 01:37 AM
https://bigthink.com/the-present/ultra-w...g-paradox/
KEY POINTS: The ultra-wealthy commonly hold meritocratic beliefs, that people should work for what they earn. Yet at the same time, they seek to create dynastic wealth by passing their fortunes to their children. In interviews, many legitimize this paradoxical stand by tying inheritance to work and life goals while downplaying the amount of money they pass on. The ultra-wealthy generally seek to encourage their children to work, while at the same time removing any real need for them to work at all... (MORE - details)
KEY POINTS: The ultra-wealthy commonly hold meritocratic beliefs, that people should work for what they earn. Yet at the same time, they seek to create dynastic wealth by passing their fortunes to their children. In interviews, many legitimize this paradoxical stand by tying inheritance to work and life goals while downplaying the amount of money they pass on. The ultra-wealthy generally seek to encourage their children to work, while at the same time removing any real need for them to work at all... (MORE - details)