Ironically, given the American Revolutionaries’ hatred for Old World aristocracies, Americans transfer wealth today in the fashion of those older societies, while modern European nations provide considerably more social services to their populations. On average, Americans pass on 50 percent of their wealth to their children; in Nordic countries, social mobility is much higher; parents in Denmark give 15 percent of their total wealth to their children, and in Sweden parents give 27 percent. Class wealth and privileges are a more important inheritance (as a measure of potential) than actual
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