Please let me know if I understand it correctly. Regarding resemble in this context, they mean to say that the concentration of wealth of today will be like the one that was customary in European aristocracies?
As wealthy boomers die, an estimated $30 trillion will go to their children over the next three decades.
Over time, this wealth will continue to grow even further – without these folks lifting a finger. This concentration of wealth will soon resemble the kind of dynasties common to European aristocracies in the seventeenth and eighteenth centuries.
anonymous they mean to say that the concentration of wealth of today will be like the one that was customary in European aristocracies? Not exactly. They mean the concentration of wealth in the future , after today's oldest generation passes away, will be like the one that was customary in European aristocracies.
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anonymousthey mean to say that the concentration of wealth of today will be like the one that was customary in European aristocracies?
Not exactly. They mean the concentration of wealth in the future, after today's oldest generation passes away, will be like the one that was customary in European aristocracies.
CJ