Per the Forbes billionaire list, most billionaires worldwide are now self-made first-generation fortunes, and the self-made share has been climbing for decades. The list is refreshed every year here: Forbes billionaires. Whatever you think of the starting line, the trend is away from inherited aristocracy and toward people who built something. If your objection is dynastic privilege, fine, tax estates harder. But abolishing the whole category punishes the garage founders alongside the trust fund kids, and the data says the garage founders are the growing share.
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