![Contrary to Piketty’s rentier hypothesis, I don’t see anyone on the [Forbes 400 list of the wealthiest Americans] whose ancestors bought a great parcel of land in 1780 and have been accumulating family wealth by collecting rents ever since. In America, that old money is long gone - through instability, inflation, taxes, philanthropy, and spending.](/assets/img/quote-photos/contrary-to-pikettys-rentier-hypothesis-i-dont-see-anyone-on-the-forbes-400-l.jpg)
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land agriculture together
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