Dynastic Wealth

 

On a popular social media platform, that being Instagram, I endlessly scroll on my search for a worthy meme to send to my twin sister. Upon that journey I come across Kylie Jenner with her beloved daughter Stormi. “Beautiful”, I think to myself. I don’t bother reading the caption since the image itself spoke to me. Kylie has given her daughter a $12k Hermes backpack for her first day of homeschooling. As I snuck my way to the comment section there is a split in the audience, one side loving how adorable Stormi is and the another side “hating” on Kylie for foolishly spending her wealth on material items and supposedly teaching Stormi to grow up as a spoiled brat. I stood on no side.

Kylie Jenner estimated wealth is around $700 million, weather or not  you agree in the methods she used to collect such a colossal wealth, Kylie stands upon the 1% along with the rest of her family. In the past years the Kardashian/Jenner clan have given rise to the next generation of Kardashians/Jenners and as most will assume these children will live a life that most of us cannot fathom. As these children are born into this family they enter the world of the ultra wealthy and similar to the old European history of divine right, these children will inherit the prosperities their parents have collected.

Dynastic wealth, as a quick google search will define it as; “occurs when families pass money down from one generation to the next”. As stated before I find it oddly comical in the similarity in dynastic wealth and the divine right of kings, one being a god given right to rule and the other being a god given right to wealth. However, dynastic wealth has little to do with religion.

Unfortunately, we cannot look into the future, however, we can always predict the infinite outcomes of how the future will form. As seen today the Kardashian/Jenner clan mostly gain a lot of traction in popularity by flaunting their wealth on social media. You’ll see designer goods that range in the thousands or even close to the millions. I predict that the heads of the clan will teach their children to do the same and show them their methods of increasing the family wealth for future generations. Yet, what about morals?

When I say morals I’m not talking about how Kim’s sex tape got leaked and her mother saw an opportunity and took. But I’m mostly talking about the ways they use their wealth. Now it might seem hypocritical of me saying that since I said I stood on no side when Kylie gifted Stormi a $12k Hermes backpack. I myself am not a parent but most parents want to give their children the world and if they have the money then why not? Wouldn’t you want to give your children everything and anything? At the end of the day its Kylie’s wealth and weather or not you agree, she’s allowed to spend that wealth however way she sees fit. Yet, I can’t help but think; do all these ultra wealthy individuals not see the calamity that goes on in the world? Or maybe they just choose to ignore it?

I’m not into finances nor do I know anything about finances. I’m not gonna give the argument “the rich should pay this or that, the rich should pay more, etc”. This mostly stems from my frustration of feeling useless when I see someone in need and I’m unable to help them for the simple fact that I don’t have the wealth to do so. Many may agree and many may disagree but money is what runs this world and without it nothing can be changed. We live in a world where it’s slowly burning to death, mass extinctions, war and famine ravaging our world, and so on. Now the ultra wealthy have the right to spend their money however they see fit but what’s stopping them from giving, even if it’s a extremely small percentage of their wealth, to help improve the world that at the end of the day we all live in.

All rich individuals are not the same though, some give and some spend their money. Even so, our planet Earth has reach a critical point in time where action is needed and none is taking place. Elon Musk has bloomed the idea of making Mars our new home, I personally find that insulting. Elon Musk CEO of SpaceX, one of the leading tech companies with an accumulated wealth of $185.7 billion. Musk is one of the most wealthiest men in the world, making his net worth seem like pocket change compared to what Kylie Jenner has accumulated. Before Musk the idea of space travel and breaching the space frontier was popular, however, Musk made that idea explode with tremendous popularity. The exploration and colonization of space is one of the biggest barriers we as the human race can overcome and I am all for it. Yet, should we just let our home, planet Earth, die just because we found a “new” home? A “home” that 90% of the population will never experience since the price tag for a ticket to Mars is in the millions of dollars.

Just like Kylie, Musk is a parent and has a son, he will never know what hunger, illness, or lost feels like. He will continue to live a life of pure luxury, that’s what we all want for our children. Musk will pass down his wealth and his family will never know what struggle feels like for generations to come. While there are families struggling to feed their children or keep a roof over their heads.

I can’t help but wonder, as these families continue to pass down their massive wealth generation after generation and continue to increase it, do they not feel for the state that the world is in? If they are aware of the issue why do they ignore it? With the power to change how the world runs, why don’t they do it?

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