It simply is not true. The rich only stay rich with government help. Otherwise the first generation makes the money, the second generation keeps the money, and the third generation spends the money. It is happening with the Kennedys. It happens with most wealthy families. Only a few families manage to keep wealth for more than three generations.
I didn’t say anything about government help. I said regardless who is in the Oval Office.
There is a difference.
You are painting with a broad brush there. Inheriting wealth is not "government help" if that's what you are implying. Taxing gains less than taxing income is not "government help" if that's what you are implying.
Actually what are you implying?
I’ve seen that first hand with my ex and her family.
only 2 out of 7 grandkids actually worked their whole life, instead of just waiting for someone to die.
My ex has spent almost a half million in a year and a half after being pretty much homeless several times since we divorced instead of just getting a damned job.
“Otherwise the first generation makes the money, the second generation keeps the money, and the third generation spends the money. It is happening with the Kennedys. It happens with most wealthy families. Only a few families manage to keep wealth for more than three generations. “
I’ll believe it about the Kennedy’s when they start selling off Hyannisport. But more importantly, I want to see the Sultzbergers (NYSlimes) go home in a barrel. Better still, one of their trust fund babies get’s pi$$ed off about being poor and does in Pinch.