>This perspective is not unique to France: the British magazine The Economist, known for its economic liberalism stance, featured the rise of “inheritocracy” in its February 27 issue. By 2025, it noted, residents of advanced economies are expected to inherit nearly $6 trillion (€5.6 trillion), or 10% of the GDP of the countries concerned, up from 5% in the mid-20th century. The Economist warned that this trend is likely to threaten the very foundations of capitalism by killing the entrepreneurial spirit, exacerbating social divides and eroding public support for taxation.
>Indeed, when wealth is passed from father to son (and, more rarely, from mother to daughter), it tends to be “economically inefficient.” That is, by self-sustaining through stock market and financial investments, or even new asset classes like crypto, it contributes little to investment or innovation. This is to the detriment of potential growth, and workers whose incomes are strongly correlated with economic dynamism and activity.
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Link for the global poor [https://archive.ph/8SgR9#selection-2095.8-2099.188](https://archive.ph/8SgR9#selection-2095.8-2099.188)
>This perspective is not unique to France: the British magazine The Economist, known for its economic liberalism stance, featured the rise of “inheritocracy” in its February 27 issue. By 2025, it noted, residents of advanced economies are expected to inherit nearly $6 trillion (€5.6 trillion), or 10% of the GDP of the countries concerned, up from 5% in the mid-20th century. The Economist warned that this trend is likely to threaten the very foundations of capitalism by killing the entrepreneurial spirit, exacerbating social divides and eroding public support for taxation.
>Indeed, when wealth is passed from father to son (and, more rarely, from mother to daughter), it tends to be “economically inefficient.” That is, by self-sustaining through stock market and financial investments, or even new asset classes like crypto, it contributes little to investment or innovation. This is to the detriment of potential growth, and workers whose incomes are strongly correlated with economic dynamism and activity.