"The upper classes, for fear of the duties, very largely stopped passing money from one generation to another upon death. The established practice was for grandparents, while still alive, to transfer property not so much to their children as to their grandchildren for the purchase of a privileged education."

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Added on April 10, 2026
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Original Language: English

Sources

pp.51-52.

https://en.wikiquote.org/wiki/The_Rise_of_the_Meritocracy