In Europe, you have ultrawealthy families that have been wealthy for centuries - from the actual nobility days.

The US doesn’t really have that at all, although our estate tax could certainly be much higher but it is still higher than in practice in Europe.

This is a bit of a myth, most countries in Europe have better social mobility then the US, where people of different social classes are quite segregated. (Though as always, there is a lot of variation between countries.)

> In Europe, you have ultrawealthy families that have been wealthy for centuries - from the actual nobility days.

> The US doesn’t really have that at all

Of course, my local pub is older than your country, generational wealth isn't a thing in the US, as is generational anything

What you have is multi billionaires buying their way into politics and getting in the government while no one ever voted for them

This is such a weird stereotype. The US was declared in 1776. Obviously it has generational wealth. Unless you think everybody lives to be 300 years old.

The "lords" in US (not all, but the great majority) are self-made and in the process of making themselves they created significantly more value for the society, which ended up benefitting most of us.

The titles in EU are inherited or bought with inherited money.

With all due respect, your idea of Europe seems to be about a 100 years out of date and based on period dramas.

Actually my idea of Europe is based on living in it (Eastern side, to be precise) and building and running startups here.

My idea of US is based on living and working there (a while ago though) and (for the last 20+ years) watching powerlessly how more and more of the products and services I interact with and use every day are designed there (and often build in China) while the EU is becoming less and less relevant.

Their idea of USA seems even more out of date, and based on self-serving capitalist myths.

Are you seriously implying Donald Trump is self made? Seriously?

Of course not, not every single US billionaire is self made, just the great majority of them.

One singular anecdote doesn’t say much about the overall state of things. I don’t think anyone in their right mind would claim in present day that Donald Trump became wealthy without receiving significant financial help/inheritance from his family.Of course there will be some people who are rich due to the wealth they inherited from their parents, that number will not be zero anywhere.

There are multiple studies on this, but they all seem to converge on the number of around 80% of current millionaires in the US being first generation/self-made[0]. That is, the ones who didn’t receive an inheritance from their parents or other family members.

It also shows some other interesting stats, such as “only 8% of those in the study attended prestigious private schools, with 62% attending state schools.”

0. https://finance.yahoo.com/news/79-millionaires-self-made-les...