Dynastic wealth

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Dynastic wealth is monetary inheritance that is passed on to generations that didn't earn it.[1] Dynastic wealth is linked to the term Plutocracy. Much has been written about the rise and influence of dynastic wealth including the bestselling book Capital in the Twenty-First Century by the French economist Thomas Piketty.[2]

Bill Gates uses the term in his article "Why Inequality Matters".[3]

References[edit]

  1. ^ John J. Miller, "Open the FloodGates", "The Wall Street Journal", July 7, 2006
  2. ^ Piketty, Thomas, "Capital in the Twenty-First Century". Harvard University Press, Mar 10, 2014
  3. ^ BILL GATES, "Why Inequality Matters", "LinkedIn", 15 October 2014