However, this never actually happens and in fact there are legal restrictions on trusts and endowments that make it unlikely. Instead, accumulated wealth is eaten away by withdrawals for consumption, ‘wastrel sons’, being divided between many heirs who eat it, destruction due to revolutions/inflation, and so on.
Is this a reason to be against the invention of anti-aging technologies, since they might result in a particular patient, long-lived investor with a midas touch swallowing the entire economy?
Is this a reason to be against the invention of anti-aging technologies, since they might result in a particular patient, long-lived investor with a midas touch swallowing the entire economy?