> EU should maybe focus on like not having titled nobility and monarchy
In Europe we have titles for show, in the US you don't have the titles but you still have the lords
In Europe we have titles for show, in the US you don't have the titles but you still have the lords
The US doesn’t really have that at all, although our estate tax could certainly be much higher but it is still higher than in practice in Europe.
> The US doesn’t really have that at all
Of course, my local pub is older than your country, generational wealth isn't a thing in the US, as is generational anything
What you have is multi billionaires buying their way into politics and getting in the government while no one ever voted for them
The titles in EU are inherited or bought with inherited money.
There are multiple studies on this, but they all seem to converge on the number of around 80% of current millionaires in the US being first generation/self-made[0]. That is, the ones who didn’t receive an inheritance from their parents or other family members.
It also shows some other interesting stats, such as “only 8% of those in the study attended prestigious private schools, with 62% attending state schools.”
0. https://finance.yahoo.com/news/79-millionaires-self-made-les...
My idea of US is based on living and working there (a while ago though) and (for the last 20+ years) watching powerlessly how more and more of the products and services I interact with and use every day are designed there (and often build in China) while the EU is becoming less and less relevant.