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...to remedy that very problem. The estate tax allows the children of the super-rich to remain wealthy, but not super-rich. Unfortunately, both of these are being undermined even as we now speak.
Consider, if you will, the hard work, effort, and strength of character it required for Sam Walton to build up his Wal-Mart chain from a small Arkansas storefront. Over the course of a couple of decades, he saw his start-up business grow to rival K-mart, the leading low-cost retailer, and eventually surpass it. In order to do so, he held to certain principles, among them the "Made in the USA" campaign which you may remember from the late '80s and early '90s.
When he died, so died the integrity of the 'little store that could,' and it quickly morphed into the soul-devouring behemoth we all know and love today. Think his kids were particularly interested in sticking to his time- and care-worn principles? Or maybe rather that they had acquired a taste for money that he had been unfamiliar with and would quite probably have been sickened by?
That's the thing about the sons and daughters of privilege: they don't carry the entreprenurial spirit and deeper understanding of human nature with them into the second or third generation. I Got Mine Syndrome strikes hard among those who, through no fault of their own, are tragically and chronically wealthy. It is hard for them, having never worked for anything that they own and thus having no standard by which to judge its value, to understand that they are, in Newton's words, "standing on the shoulders of giants." So you can see why they might feel that way, but perhaps only they can understand why any of us should have compassion and understanding for their predicament (other than sheer human pity).
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