Why Do Some Families Get Richer With Each Generation, And Others Get Poorer?

There was a write about a half-century ago named John O’Hara. He was a cranky guy with a wide variety of interests, and although he had a large number of critics, he was good enough to persuade fellow writer Fran Lebowitz to dub him “the real F. Scott Fitzgerald.”

One of his caricatures that he liked to create in his writings were hypothetical dialogues between characters that represent “Old Money” interacting with young men that were on a quest to get rich in a hurry. It would be hard for a writer like O’Hara to become generally mainstream today, because O’Hara relied on a mixture of strong moral condemnation mixed with relentless stereotyping, and that would create a strong mismatch with the rising sensitivities and general tendency to take abstract insults personally that generally typifies the current socio-political climate.

Why, then, do I bring O’Hara up? Because one of his … Read the rest of this article!