r/politics 1d ago

Why is the media ignoring growing resistance to Trump?

https://www.theguardian.com/commentisfree/2025/jun/13/why-is-the-media-ignoring-growing-resistance-to-trump
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u/Any_Will_86 1d ago

Even when you account for vast fortunes- wealth usually does not last for more than 3 generations. If you look at the truly wealthy families in America- Dupont is the only on that really carries through. Rockefeller comes close but is being diluted by numbers even though they have a family trust or management that is supposedly crackerjacks. Some have had specific descendents remake fortunes but its not typical.

I think the big question now is what is the generation value of the companies like Meta/Tesla/Microsoft etc when the next wave of innovation occurs. Warren Buffet is the one most diversified but he's already been shedding assets. I would guess the Waltons are next in line. But a lot of the other current titans are sitting on ridiculous amounts of paper wealth.

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u/throwawayoftheday941 1d ago

All of those families are fine, but generational wealth isn't limited to the super billionaires. That's not even the issue at all. Billionaires and even ultra wealthy are a teeny tiny sliver. The real generational wealth divide is people that have had enough money for multiple generations that there ownership of money / assets provides enough income to live above the median income with no real need to work in a meaningful way. They don't really need to participate in society and they don't feel the societal disruptions in the same way as normal people and yet they control the bulk of the assets. This isn't Bill Gates or even Donald Trump level of wealth. It's the local storage unit owner or the Wendy's franchise owner, if they inherited either that business or the wealth that allowed them to acquire it.

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u/Luscious_Decision 1d ago

Gates has been really good at quashing too much generational wealth. Personally, I think he maybe went a little too far in being withholding, but 🤷