I suspect that the system could have worked if it wasn't managed by those who had subversive, vamipric and destructive intentions. The idea is that men of noble and good nature can get along and work together to produce so much value that they could let go of (forgive) a few pennies here and there. Throw in the vampires, stripping of manufacturing / productive base, public school destroying/crippling productive inclination and how can it work anywhere? Or were the public schools dumbed down so the would-be heirs would be so stupid they would effectively abandon their claims. Or is the idea of population reduction about forced abandonment of claims?
A resulting trust?