Why?

[Anonymous No.57819512]

[Anonymous No.57819523]

>>57819512
j _ _ _

[Anonymous No.57819532]

Their autistic son goes to /biz/ and spends it all on crypto.

[Anonymous No.57819549]

Poorly drafted trust funds.
They should have known they were turning their descendants into indolent and decadent assholes by stripping them of any urge to strive to achieve anything for themselves.
All they had to do was tighten the trust funds at inception to prevent them from dilapidating their fortunes.
But instead they assumed their descendants, inheritors of their superior genes, would continue their glorious legacy and take it to greater heights.
They get what they deserve.

[Anonymous No.57819550]

>>57819532
and makes it
T. 8 figfag from 6 figfaglet

[Anonymous No.57819558]

loss of work ethic from the generation that made it to the next. basically lazy spolied kids who never eaarned their money

[Anonymous No.57819559]

Because dumbshits that were spoiled all their life sell everything for fiat and spend it all…
Currently going through this with my family

[Anonymous No.57819560]

>>57819512
Wealth is mostly genetic and on a long enough time frame we return to the mean. Most wealth over the last century is in the hands of peasant genes in America due to a rising tide effect. So it’s only natural most wealth doesn’t stick. One prominent example is the communist revolution in China. The aristocracy that was deposed decades ago now holds high office among the CCP regaining their status due to genes that allow long term planning and delaying of gratification

[Anonymous No.57819561]

>>57819532
thank you based fink for securing our futures by betting on our volatility

[Anonymous No.57819566]

>>57819512
>Why?
It doesn't happen. This is just a saying that boomers tell themselves so they don't give any money to their children or grand children.
In reality, wealthy people remain wealthy most of the time. They get the best schools, the best jobs, their wealth is already invested so it's continously gaining.

[Anonymous No.57819569]

>>57819532
normies are far more likely to burn through inherited wealth for travel, cars and disposable luxury tech
this is very much in line with FPBP

[Anonymous No.57819574]

Raise your fucking kid right then maybe your grandchild will grief your wealth.

[Anonymous No.57819576]

>>57819512
I seriously doubt this, the social mobility is not that great.

[Anonymous No.57819587]

>>57819549
They most likely didn’t have superior genes. They just got lucky and the children losing their money is their bloodline returning to peasant status

[Anonymous No.57819589]

>>57819559
who is pushing for asset liquidation and what is their lifestyle like?

[Anonymous No.57819590]

Because when you have money there's no drive or urgency to learn or do anything I guess.

They say niggers are so dumb because Africa was rich with food and they didn't have to fight for survival since food was everywhere and the weather was always good. I thought it was white guilt coping but it's probably true.

[Anonymous No.57819596]

>>57819590
It’s just genetics. Everything is genetics

[Anonymous No.57819601]

>>57819512
Being wealthy is degenerate and boring
People werent made for it

[Anonymous No.57819612]

>>57819560
do you have any examples of this? because most of the chinese royal family were apprehended and sent into work camps

[Anonymous No.57819614]

>>57819576
social mobility is only a challenge from the bottom up. an impulsive/BPD bitch born to wealth would almost definitely not retain her social rank left to her devices, regardless of inheritance

[Anonymous No.57819628]

>>57819512
because they marry into poor families and their wealth gets diluted

[Anonymous No.57819645]

>>57819560
>> How do you explain brothers having different disposition towards money?
Assuming no infidility.
>>57819566
No you are retarded. Americans should really stop talking about subjects as such as these because last 60 years was an anamoly for americans, never to be repeated.
I have seen time and time again, generations losing money, especially if the tides change up or the meta shift.

>> LE ROTHSCHILDS
are exception.
>> LE JEWS
it is just plain nepotism and culture valuing money.

My best example for intergenerational wealth being squandered due to no binding culture and extreme individualisn/narcissim
-> whites and blacks.

[Anonymous No.57819655]

>>57819614
I did in fact google it, and it turns out there is some social mobility that could justify the 70%, however it's almost always in the immediate lower income bracket.
https://en.wikipedia.org/wiki/Socioeconomic_mobility_in_the_United_States
>Studies by the Urban Institute and the US Treasury have both found that about half of the families who start in either the top or the bottom quintile of the income distribution are still there after a decade, and that only 3 to 6 percent rise from bottom to top or fall from top to bottom.
So yeah 70% are potentially kicked out of top 1% and are left rotting in top 5%.

[Anonymous No.57819669]

>>57819587
Precisely.
It's a common delusion of the rich that they deserve their hoards, and it therefore cannot possibly be mere luck that got them there.
It's fine to lie to everyone else about how your ability to lift your own bootstraps got you there, but if you start believing your own bullshit and make serious financial decisions based on it, well, this is what happens.

[Anonymous No.57819685]

>>57819589
Selling the farm to buy an apportment.
Investing in retarded business, dying fields.
Inheritance spend buying the top of crapto or some other scams.
Rich limp dick fagg0t blowing his family wealth on gold digger

The list is practically endless.
Are you not part of a community that see this? This shit is so fucking common.

[Anonymous No.57819690]

>>57819590
>Chicago and Baltimore have entered the chat

[Anonymous No.57819692]

>>57819512
One reason is reversion to the mean. Another is that the kids party and buy sports cars. Having lots of wealth doesn't mean you're good at raising your children so that they'll keep and grow that wealth.

[Anonymous No.57819705]

>>57819669
There is commie youtuber "financial diet" whose entire grift is this point.
a soft recommend if you want to listen to ppl that are entertaining and thoughtful who doesn't share your beliefs.

[Anonymous No.57819767]

>>57819705
Ah, more breadtubers! I should make an active effort to catch them all instead of chancing upon them in unlikely places.
Thanks for the rec.

[Anonymous No.57819779]

>>57819512
cuz they dont teach finance literality, and wont use truflation

[Anonymous No.57819780]

>>57819512
Third gen didn’t get the shit beat out of them.

[Anonymous No.57819784]

>>57819512
Boomers don't pass it on. Simple as. They sell their homes to hedge funds and blow their wealth on cruises to the Third World. Whatever's left is spent to live in the finest nursing homes for the next 30 years.

[Anonymous No.57819820]

>>57819549
self made guys are just different. its like a genetic monopoly, and evidently has nothing to do with your parents. so yea the kids will burn it or their kids will burn it. a trust will just make 10 generations of useless fucks playing vidya, is that better? i dont know

[Anonymous No.57819963]

>>57819779
I honestly believe that it is more of a generational issue.

[Anonymous No.57819969]

>>57819779
nah, young people simply prefer to spend the money and then commit suicide rather than continue with the family business.

[Anonymous No.57819971]

>>57819589
Two oldest sisters..
Relied on daddy to do EVERYTHING
Both in mid 40s
Loser boyfriends
Used a lot of drugs in past
I have one sister RN nurse that is sane
I am a dr and landlord
Tried to prevent selling of assets but i dont want to even bother anymore I have my office and home thats all i care about

[Anonymous No.57820027]

shitty kids who want cool stuff

[Anonymous No.57820098]

>>57819512
Because usually the person that made the generational wealth had a high iq or had some luck, which his heirs do not possess.

Same reason why a pro sports player may have kids that don’t play pro sports or why one of a of Arnold schwartseneggers sons looks like a fat basement dwelling incel. Not everyone inherits your qualities.

[Anonymous No.57820376]

>>57819512
because the guy inevitably marries a low iq gold digger and they raise spoiled ADHD children

[Anonymous No.57820443]

I can only speak for myself. I'm a good looking guy that became popular around 17-18 years old.

From age 4-16 I was this brilliant science/technology obsessed kid that programmed, made their own custom electronics and radios.

Then when I turned 17 and started getting tons of female attention I stopped caring about all of that. I dropped out of college and just lived off of my (then) girlfriend's income as I moved into her place.

Why work when I get all the sex, food and entertainment I want for free?

I'm now 32, with 3 kids (all three from different women) and in a relatively new relationship, I have no skills, no education and I haven't been employed since 2017.

Moral of the story? You need incentives to do something, if you already have all the money and sex why put in effort into anything?

It's almost like a curse your brain essentially just forces you to stop doing anything at all.

[Anonymous No.57820461]

>>57820443
Would you have rather focused on your career?

[Anonymous No.57820490]

>>57819512
They didn't set up a trust fund.
Their kids got it all and bought hookers and blow.

[Anonymous No.57820536]

>>57819590
>africa
>rich with food
retard

[Anonymous No.57820547]

>>57820461
Honestly it's a dilemma. Because sometimes I do feel like I lack intellectual stimulation which a challenging career would give me.

However if we're being truly honest most men only want a career because it indirectly allows them to get women, which I already succeed at without career, so what's the point?

[Anonymous No.57820617]

>>57819612
>OMGGGGG SOURCE? DO YOU HAVE A SOURCE FIR THAT? WHATS THE SOURCE!1!1!

Yes Xi’s father was a high ranking chinamen that worked close with the royals. He was apprehended and his son is now the ruler of China you fucking reddit fag

[Anonymous No.57821004]

>>57819512
Being rich reverses selection pressures which causes dysgenics over generations which leads to a return to mean of genetic potential.
Unless a rich person can artificially structure the environment in a way that incentivizes innovation, intelligence and delayed gratification, then his offspring will be drowned by hedonism and instant gratification.
This could be done by structuring a trust to only give bare minimum wage and bonuses if certain milestones are achieved eg X amount if bachelor/masters/PhD is achieved.
X amount if you have y amount of children and stay married.
X amount if you create your own business and earn Y in Z years.
This is according to different I've read over the years. It's also common sense.

[Anonymous No.57821032]

>>57819512
The successful generation doesn’t structure the Family Trust to guarantee success for following generations. The Trust must be Lawyer and Idiot-proof.

[Anonymous No.57821113]

>>57819512
probably because the kids grew up rich and never developed the notion of loss or not being able to afford something. so when they inherit the wealth they continue to live lavish without generating wealth. they probably have money managers taking fees from it and not really growing it. they make stupid investments.

my grandpa put me in his will which i will inherit 100k which imho is a good amount to inherit because it's not like i can live off it and do nothing and at the same time i could easily spend it on a house or car. instead i have chosen that i will invest it all and never touch it. i want to honor my grandpa and grow his wealth. that is how i look at it is not my money its his and i will manage it responsibly on his behalf.

[Anonymous No.57821120]

>>57820547
>most men only want a career because it indirectly allows them to get women
disagree with that, i think it keeps men sane to have a daily goal and the primary reason to do it is freedom (dream of retirement)

[Anonymous No.57821159]

>>57819512
Taxes.

[Anonymous No.57821202]

>>57819523
Fpbp
J E _ _ _

[Anonymous No.57821335]

>>57819523
>>57821202
FPBP
J E _ S

[Anonymous No.57821530]

>>57820443
>Moral of the story? You need incentives to do something, if you already have all the money and sex why put in effort into anything?
The exact opposite of this also leads to alienation though. An incel who has been deprived of most of the things you've had will eventually realize its all pointless. Its why a lot of incels/men in general burn out around their mid to late 30s and kill themselves in their 40s. A balance must be kept, where the false hope of happiness is presented as obtainable.

[Anonymous No.57821542]

>Greatest Gen Wins the War, demand the Lost Generation pays them for their efforts
>Boomers are born after the Silent gen, get lots of money, spend it all on horseshit, become broke in old age
>Gen Yers are born after the Baby Busters, are broke because their parents spent all the money
Probably that desu.

[Anonymous No.57821548]

>>57819612
>ehm source? Source?
This isn't an academic paper.

[Anonymous No.57821638]

>>57821335
Jets are very expensive

[Anonymous No.57822179]

>>57819669
I have a relative like this. Became a multi millionaire in the dot com boom, lost almost all of it making retarded pretentious investments thinking he's going to cure cancer or educate niglets to be einstein. All he had to do was snag a few townhouses and he'd be well into 8 figures but instead the guy is nearly bankrupt and reliant on his wife's day job to pay property taxes on the mansion. Kek. It's a shame because I like the guy but he's a looney tunes character at investing

[Anonymous No.57822665]

>>57819512
Ask the Boomers.

[Anonymous No.57822748]

>>57819512
It's almost like one generation grew up in a completely different economic environment

[Anonymous No.57822754]

>>57819512
inheritance tax, self sabotaging wills, infighting, incompetence

[Anonymous No.57822764]

>>57819612
My friend who's chinese parents got fucked over and moved here then their kid became a doctor so they're rich again

[Anonymous No.57822885]

>>57819512
This is why having kids is meaningless. Plus the sun and earth will die eventually.

[Anonymous No.57822911]

>>57819601

[Anonymous No.57822915]

>>57819512
Probably the inheritance tax

[Anonymous No.57823020]

because the wealth gets diluted by every child inhereting the wealth equally, sons and daughters alike. there is a reason why the oldest son inherits the vast majority in old money families

[Anonymous No.57823037]

>>57819512
just like to remind most of this thread that european nobility has been in charge for over a millennium through countless wars revolutions and economic collapses and several paradigm shifts
so clearly there really is a factor in play that leads to very long term success
its only this factor is hidden from the plebes and this bullshit of families losing their wealth is spread far and wide in the media as a coping mechanism
i mean truly biz we know everything else thats in the media is a lie so why should this be true

it would be recommended you look to the things the european noble families do that set them apart and extrapolate from there
most noticeable are complete social stratification through separation into institutions like private schooling and hobby clubs the plebes cannot enter than use this to enforce strict mating standards and anyone that deviates from the norm is cut off from all marriage prospects within the noble class
and look to the real wealth in america and see they are trying their hardest to recreate the system in the usa, as in what are the hamptons

[Anonymous No.57823126]

>>57823037
Those families were selectively bred for centuries of course they are able to hold wealth more easily. No pleb will be able to save their wealth from their family until smart contract trusts become the norm

[Anonymous No.57823279]

>>57823126
everyone of those families had a founder that found the magic formula then
they being able to complete a centuries long selective breeding program kinda goes directly against the assertion that family wealth is spend in 3 generations then isnt it

[Anonymous No.57823329]

>>57823279
The formula is being ruthless. Plebs don’t have that hence them losing out on wealth before they can make any significant changes to their genes

[Anonymous No.57823356]

>>57819512
in terms of real wealth, the people who create that kind of wealth are anomalies beyond genetics
there are plenty of cases of trust fund recipients that genuinely attempt to continue the fortune but they don't have "it"
also luck is *always* a factor, so get fucked if you don't get the same opportunities pops did

[Anonymous No.57823701]

>>57819549
Easier said than done. You have to give them very little money with that strategy so they will never be able to use the money to get even richer which is much easier if you have a lot of money to begin with. But you're probably right that this is the best way because most descendents are just going to be lazy talentless fucks.

[Anonymous No.57823718]

>>57819685
>Are you not part of a community that see this? This shit is so fucking common.
Only upper class people get to see communities like that and that's only ~5% of the population?

[Anonymous No.57824073]

>>57820443
Exactly. I’m glad i had to become a doctor before i started getting tons of female attention. Now i’m 30 with a skilled job where i at least help people. If this had happened to me when i was 17, i would have become a doctor. I would probably have some useless politics degree lmao.

[Anonymous No.57824090]

>>57823718
you see the hints towards this standard in a lot of media and history, i'd of thought it were more obvious to people at this point that this is the direction a lot of intergenerational wealth gets derailed

[Anonymous No.57824117]

>>57820547
Despite getting sex, i enjoy my career the same way i enjoy video games. It genuibely feels good being a responsible, respected member of society that people look up to. Also to know i did good things with my tine. It also feels good being my own man and not having to worry about being financially reliant on women. But it took like 8 years of work and risk taking to get my career.

[Anonymous No.57824150]

>>57823037
The dynasties in europe changed all the time. Also they aren’t that rich or hold that much power. None of the richest people in the world currently vome from these families.

[Anonymous No.57824186]

>>57819549
So how would you write the trust fund? Safe withdrawal rate? I should inherit $2M plus whatever I manage to build up over my life ($200k so far at 30) and plan to start a trust.

[Anonymous No.57824237]

>>57819596
Yeah but there's a reason they have those genetics. Having a bigger more resource-hungry brain wasn't an advantage for them, it was a disadvantage.

>>57820536
It had plenty for a preagricultural society. Their problem now is that their population size and density can only be supported by agriculture and they don't have the skills, brains or soil for it, hence being reliant on imported grain.

[Anonymous No.57824344]

>>57824150
>None of the richest people in the world currently vome from these families.
You're basing that on publicly declared wealth thoughever
Zucklefuck can't hide his wealth because it's all in META stock.

[Anonymous No.57824368]

>>57824073
*would have not become a doctor

[Anonymous No.57824370]

>>57823037
>so clearly there really is a factor in play that leads to very long term success
raising your child to be catholic instead of american protties or american agonisticism.