Correct, and irrelevant. The gains should be shared, not all taken by the 1%.
No, actually, inheritance and generational advantage are huge problems causing low mobility, lack of opportunity, and reduced productivity as the best are not given a chance to protect the fortunes of the heirs.A majority of millionaires and billionaires did not inherit their fortune. That is a myth by those who resent the wealthy and want to find ways to denigrate their success by suggesting they inherited their money or did not earn it honestly and by claiming they do not pay their fair share of taxes.
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