ANNIE M. LOWREY

In most countries, most of the rich people have inherited their wealth. America, with its very low inheritance taxes, produces many rich people who inherit their wealth, but there is so much opportunity even more people are able to create their own fortunes. Both sets of rich people constitute a very small proportion of the American population.

In most countries, most of the rich people have inherited their wealth. America, with its very low inheritance taxes, produces many rich people who inherit their wealth, but there is so much opportunity even more people are able to create their own fortunes. Both sets of rich people constitute a very small proportion of the American population.