How Heritable Wealth, income and economic productivity is?

How heritable wealth and economic productivity is?

I know IQ is heritable. Like .8 correlation?

I know race is very heritable.

I know skin color and eye color is heritable.

I know wealth is very heritable. Just give it to your children. Most men love to do so. It’s the women like Jeff Bezos’ ex wife, that squander it away for donation.

I know business skills are heritable. I taught important stuffs to my kids that most other kids don’t have.

I know eye colors, spending habits, financial acuity is heritable.

So, how heritable economic productivity is?

How rich a kid will be if her mom is rich?

How rich a kid will be if her dad is rich?

How likely are they rich in ways that are economically productive?

Notice what I mean by heritable I do NOT mean that it’s necessarily genetic. My business is heritable to my children and that’s not genetic. So is my business secrets my tips and tricks in life and so on.

Genes are of course, very heritable. Not only my children have half my genes, the other half are affected by my sexual selection and money which are also controlled by my genes. People tend to be attracted to those who are similar to them. So my children’s genetic trait may be more than half.

Any data? https://link.springer.com/article/10.1007/s10888-019-09413-x The next question will be….

If economic productivity and wealth is heritable, will having more economically productive people have more children improve economy?

If welfare parasites produce welfare parasites and start up founders’ children are more likely to be start up founders, so it’s kind of common sense right?

Another question will be, what governments policies that may, deliberately or not, encourage or discourage reproductive success of economically productive people?

For example, I know inheritance tax reduce heritability of farms ownership. What about bitcoin wealth? That sort of thing.