Message from @Benny_Boi (weeb hunter)
Discord ID: 452590413610745866
Makes perfect sense
Who provided the jobs?
Who built the business?
at one point capitalism allowed 400x
right now its 271
Who has to manage the business?
And the least paid worker,
but you're saying
Most likely is the least working worker
they work 400x harder
not they provide 400x
those are two different things
oh and anyways how did they first get all this capital?
How did the boss get all the money?
money doesn't grow on trees afterall
a lot of them inherited previous wealth
inheritance spits in the face of meritocratic capitalism
you cannot argue simultaneously capitalism is meritocratic
and allow inheritance
then one has to ask how the inheritance was built
the feudalistic society -> industrial capitalist featured the landed aristocrats buying up a lot of peasant land and this helped drive the industrial revolution this change in agriculture and the wealth gained. They also fenced off common land. The other side of the coin is in Britain the money the Government compensated to slaves helped build the industrial base for the industrial revolution.
but still
you cannot argue
meritocratic capitalism on one hand
so how does this build inheritance money
and then allow inheritance
on the other
as established by what benny put up above, 7/10 rich families lose their wealth by the second generation
which would mean only 3/10 would successfully carry over the inheritance
and thus in extention 7/10 gaining wealth through means other than inheritance
which would mean *the majority of rich people* are not rich due to inheritance
Then how did the rich get their riches before inheritance?
^
^