World News@lemmy.worldEnglish · 2 years ago

Next generation of billionaires collect more wealth from inheritance than from work, says UBS

www.theguardian.com

533

Next generation of billionaires collect more wealth from inheritance than from work, says UBS

www.theguardian.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 2 years ago

Swiss bank favoured by super-rich says 1,000 billionaires are likely to pass on $5.2tn to their children over next 20 years

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2 years ago
They make more money because they already have so much money. At those levels, the money makes itself.
- interceder270@lemmy.world
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  It’s like slavery with extra steps.

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