Be careful with your accusations. I did not smear any class of people. Uncle Ben specifically asked me about those people with trusts/inherited wealth I’ve met. I gave my observations about them,
My largest Trust that I administer has a current value of more than $30 Million US. It is now paying out to the 5th generation. Under my management it has sustained a return in excess of 8% for more than 34 years. The great grandparents who established the family Trusts were landlords dating back to the early 1900s. They never sold a building and never raised rent once a tenant was in place. The current 40-50 year old generation has this same philosophy about holding onto assets and keeping tenants long term. For the past 30 years it has been money making money through financial instrument investments. 80% of the return is paid out to family members and 10 percent is given to charities, 10 percent is for overhead.
Trusts don’t pay income taxes, the beneficiaries do, This is why almost all the beneficiaries live in Florida (no state income tax).