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I generally agree with this, and would emphasize that wealth is not just due to intelligence or academic achievement as some are led to believe. In fact, accrui
by jackcosgrove 10y ago
I generally agree with this, and would emphasize that wealth is not just due to intelligence or academic achievement as some are led to believe. In fact, accruing wealth has more to do with work ethic and simple living practiced over a long time than being a wizard at something or getting credentials. The whiz kids who make it big are a tiny fraction of all smart people. The rest of the smart people have to grind it out over decades to assemble an inheritance which will maybe afford their children the opportunity to generate wealth from rents.
A lot of people frankly don't care enough about the lives their children, if any, will lead, and want a wealthy lifestyle fast. As you pointed out, more intelligent people also see how the system works and may resent it more.