Comments by "Darkpaw1" (@darkpaw1522) on "How The Dutch Economy Shows We Can't Reduce Wealth Inequality With Taxes | Economics Explained" video.

  1. In Short: Old money that doesn't split inheritances (or split as much) cause a concentration of wealth that override any world wealth through centuries of strict controlled inheritances. In Long: Old money is essentially money that isn't accumulated through 1 generation, but rather multiple. Essentially a level was now found beyond old money. I'll coin this, Matured money. Matured money is money that is not only old but now gains money without anyone working for it, at all. It's not like a old money person who owns a rotation of real estate and a few solid businesses and long stocks; rather, these are people who founded stuff that existed centuries ago, or 4-5 generations back. Essentially, the wealth has matured and became so "old" that they no longer are controlling the wealth, they literally are the economy. Or in American, it'd be the equivalent of California leaving the U.S all at once, from just ONE family leaving the Dutch.
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