Not if inherited wealth is in fact more stagnate in terms of the results it produces in an economy, because that wealth is acquired without earning it (with the heir very likely lacking the early formative experience, knowledge, talent, or drive required to create it), including if it acts as a large drag on new wealth and business formation.<p>The stagnation is derived from people inheriting the wealth who do not possess the creation ability or skill level of the originator&#x2F;s. Put in starker terms: incompetent, low ambition, low skill, low accomplishment heirs that rest on the wealth. I&#x27;d argue that&#x27;s far more often the outcome than not, and I believe we have the proof of that in the history of who starts companies, who creates the most successful companies, and who creates the next tiers of innovative breakthrough companies - and who does not.<p>Scrappy entrepreneurs like Elon Musk and Steve Jobs do, not the Nth generation of extreme dynastic wealth like the Quandt or Walton families.