To prevent royalty. That is literally the reason. To prevent family dynasties.
It’s terrible at that. Rich people are very good at passing down wealth, even in high tax environments. They just move abroad for a bit.
They also pay for education and use networks and names to get their kids jobs and status.
alt Hacker News
It’s terrible at that. Rich people are very good at passing down wealth, even in high tax environments. They just move abroad for a bit.
They also pay for education and use networks and names to get their kids jobs and status.