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I wonder why we don't see more family fortunes in the U.S. in kin groups that have lived here for generations. Estate taxes tend to inhibit the transmission of wealth down the line, but enough families have figured out how to game the system that they have held on to wealth for a century or more, notably including families which supply a disproportionate number of American politicians; they provide proof of concept of the durable family fortune. Otherwise most Americans seem to live in a futile cycle where their lifetime wealth trajectory starts from zero at birth and returns to zero by death.
Steve Sailer noted on his blog a few months back that in the UK, people with Anglo-Norman surnames in our time have held on to more wealth on average than Brits with surnames suggesting manual-laborer origins. For example, Aubrey de Grey has an Anglo-Norman surname, and he reportedly inherited several million British pounds when his mother died a few years ago. I gather that this doesn't generally happen to ordinary Brits. Apparently the warriors who came over from France with William the Conqueror in 1066, and participated in the division of the spoils, started a way of handling wealth which enabled their descendants to hold on to inherited assets down through the centuries. If the Anglo-Normans could do it, and if some American families have figured out how to do it more recently, then what keeps this practice from becoming widespread in American society?