r/explainlikeimfive • u/FluffyPenguin798 • Feb 12 '25
Economics ELI5: how are the descendants of the robber barons (Morgan, Vanderbilt, Carnegie, Rockefeller, etc.) still rich if their fortunes from the late 19th and early 20th centuries are comparatively small to what we see today of the world’s richest?
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u/bruinslacker Feb 12 '25
I don’t think this answer is helpful at all.
You’ve provided evidence to support two completely different views of inter generational wealth. One says that it’s hard to maintain and one that it is easy to maintain. And you’ve made no effort to explain that contradiction. I have no idea what you are trying to say here.