I totally agree. Children born into wealth and privilege are completely hobbled by the lack of this fear drive. We should institute 100% inheritance tax, and all children, rich or poor, should be taken away from their parents and raised in orphanages with only enough funds to keep them from outright starving or freezing to death.
Family wealth is typically lost within 3 generations.
As the saying goes:
“When a person with money meets a person with experience, the person with the experience winds up with the money and the person with the money winds up with the experience”.
