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Politics : View from the Center and Left
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To: TigerPaw who wrote (8079)12/27/2005 5:01:10 PM
From: Lane3  Read Replies (1) of 542924
 
But only after about 700 or 800 years.

You can't straight line that. Turnover is accelerated now. I remember when a million dollars was a lot of money. If you leave a million dollar estate to an infant now, about all it will buy him is home entertainment for the rest of his life. Ordinary people, people I hang with, are millionaires now, at least by the old definition of the term, which was net worth. It seems the term is being adopted as meaning a million dollar annual income because a million dollar net worth is just not significant enough.

The point of which is to reassert that it is only the filthy rich who have enough to sustain a family for more than a generation. I think you'd have to approach a billion dollars for an estate to have the effect you anticipate.
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