Yet the specter of an entire generation that does nothing for its money other than speed-dial its wealth management advisors is not particularly attractive. Nor is it good for our economy and society. It puts more and more of the responsibility for investing a substantial portion of the nation’s assets into the hands of a small number of people who have never had to work for their incomes and have no idea how average people live and what they need. It is also increasingly dangerous to our democracy, as dynastic wealth inevitably and invariably accumulates even more political influence and
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