Thursday, 6 September 2012

The case against inherited wealth

1. George W. Bush

2. Mitt Romney

3. Paul Ryan

4. Gina Rinehart

5. The Koch Brothers

6. Rupert Murdoch

7. Warren Buffett, who should know a thing or two about wealth and is someone I respect, has also stated that it makes no sense to leave too much to your offspring. I believe that his logic was based upon the fact that inherited wealth removes the incentive to work hard yourself and be productive (but don't quote me on that). Looking at the examples above, it also appears to remove intelligent analysis from, and introduces condescension into, the intellectual process. And of course encourages economical use of the truth!

This article is incomplete, I shall be changing it and adding to it over the course of the months (the current lack of British examples is an obvious flaw).

I will also consider any suggestions for inclusion - serious examples (with justification!) only!

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