Cultural Capital Quotes



His argument is that the children of the wealthy tend to become rich, not by inheriting money from their parents but by culturally and educationally becoming assimilated to and skilled at the language and norms of business and capitalism. There is a great deal of evidence to support this, however there is a political split between those who argue that inheritance taxes will do little or no good in producing equal opportunity for children of wealthy and poor parents. Therefore, abolish the tax. Others argue that the tax is needed to make up for the differential capability at money making as the funds could be used to provide better training for the children of the poor.