Inherited Wealth Quotes
Inherited Wealth Quote of the day
Inherited wealth, that is not what America is based upon.
Multiply your age times your realized pretax annual household income from all sources except inheritances. Divide by ten. This, less any inherited wealth, is what your net worth should be.
The U.S. is the country that invented progressive taxation of income and of inherited wealth in the 1910s and 20s.
There exists a false aristocracy based on family name, property, and inherited wealth. But there likewise exists a true aristocracy based on intelligence, talent and virtue.
A common objection to inherited wealth is that it stifles the urge to work. I have not generally observed this to be true.
Inherited wealth may be something easily squandered, but inherited poverty is a legacy almost impossible to lose.
Scientific power is like inherited wealth; attained without discipline. You read about what others have done, and you take the next step. You can do it very young. You can make progress very fast.
My grandfather... saw where inherited wealth ruined people. And my grandfather was right.
If, as is generally the case, the heirs are not equal to the demands which life makes on an entrepreneur, the inherited wealth rapidly vanishes.
