Transcendence: Conservative Wealth and Intergenerational Succession
Seattle University School of Law
January 31, 2012
UCLA Law Review Discourse, Vol. 59, 2011
Seattle University School of Law Research Paper No. 12-4
This Article investigates a hitherto unexplored connection between money and politics. It posits a psychological explanation for why certain extremely wealthy and powerful tycoons back ultraconservative causes and oppose social spending, even on education, though these measures would benefit the economy as a whole. Employing the concept of transcendence, it shows how wealthy parents are often disappointed in their offspring's free-spending ways and weak work ethic. Unconsciously seeking to assure continuity after they are gone, the elderly rich shift focus to assure that their class, at least, will continue to rule after their own demise.
Number of Pages in PDF File: 16
Keywords: Intergenerational succession, conservatives, inheritance, children and parentsAccepted Paper Series
Date posted: February 1, 2012
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