All of this was in an age in which there was no income tax, no capital gains tax, no tax on dividends or interest—almost nothing to disturb the steady flow of money being banked. Many people were born into a world in which they had to do virtually nothing with their wealth but stack it. The third Earl of Burlington, to take one example of many, owned vast estates in Ireland—some forty-two thousand acres in all—and never visited the country. Eventually he was made lord treasurer of Ireland and still never visited it.
