NEW STUDY SHOWS HOW ALMOST ALL BILLIONAIRES UNDER 30 WERE BORN WITH SILVER SPOONS
Well color me shocked! I just had no idea whatsoever about why some people, for some reason, believe that a stronger inheritance tax just might be a good idea. Apparently, the philosophy of rich people (and possibly Trump fans) just may be a total package of nothing but horseshit. If you’re not familiar with it, it essentially involves the belief that they deserve to be impossibly rich because they worked hard for it. And everyone else? They didn’t work hard and deserve to be poor. And that horseshit philosophy just got turned on a spade in a high wind, with the news that a new study found that pretty much ALL billionaires under the age of 30 from nothing but silver spoons.
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OF THE 25 YOUNGEST, ONLY 3 BILLIONAIRES WERE SELF-MADE, THE REST WERE SILVER SPOONS
If you don’t know what a silver spoon is, you’re likely under 30 and definitely not a billionaire. It means that you were born into your wealth and inherited it. Or, at a minimum, had a head start that even Usain Bolt couldn’t beat. The reports of the study were released in Forbes Magazine, which included their annual list of billionaires. They currently number at 2,781 living billionaires worldwide. That means 25 more than in the year 2023, and also more than ever before. And of the 25 youngest among them, all are 33 years old or younger. And of the 25, only 3 were self-made: Evan Spegel, 33 (Snap), Ben Francis, 31 (Gymshark), and Palmer Luckey (Oculus VR).
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WITH $70 TRILLION TO BE INHERITED IN THE NEXT 20 YEARS, MAYBE A STRONGER INHERITANCE TAX?
And the other 22? Silver spoons, all of them. All of the 22 inherited their money. They are billionaires only by the grace of birthed luck which, admittedly, was a lottery a lot easier to win than say…. the lottery. Now let’s have another gander at the idea of a stronger inheritance tax, like everywhere. In the next 20 years, a stronger inheritance tax would make some nice government change for the expected $70 TRILLION dollars a (small) host of rich kids stand to inherit. In the US, at least, I’d like to see these families taxed as much as possible, seeing how these silver spoons also think they deserve a near exclusive voice in our “Democracy.”
You can find the Forbes article here.
