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To: jsanders2001
Odds are good that by passing on inheritances to the 500 closest blood relatives, the largest fortunes will end up being managed by folks who are FAR MORE CONSERVATIVE than any of the professional foundation class.

What's good for Conservatism is good for America, and the world.

57 posted on 01/20/2013 11:23:44 AM PST by muawiyah
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To: muawiyah

Fortunes diluted by too many heirs are largely squandered in a generation or two. If that weren’t the case, I’d likely have been born into wealth myself. I was not, but do have a few ancestors who were wealthy in the extreme by the standards of their day. All I got was a certain grudging acceptance into certain social settings as genteel po’ lol.

Primogeniture laws were unfair but often kept inherited wealth intact. If an estate falls below a certain level of critical mass, it’s much more easily lost entirely due to poor decisions, war or other conditions beyond ones control.


64 posted on 01/20/2013 11:36:18 AM PST by RegulatorCountry
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