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Are We Losing Confidence in the West?
The average billionaire's wealth only lasts three generations, he says. John Avlon: Why is it that many of the billionaires we knew about their grandkids today don't have a lot of the money? What happened? They're great grandkids because the person who created the wealth worked very hard to create that wealth. But typically the kids were the only ones that witnessed the success of what daddy really did and then they have to make a decision.Avlon: We seem to have got to the point where we don't understand how good we've got it in this country.