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Why is it a problem that policy inhibits upward mobility while (in conjunction with technology) handing enormous power to those who already had money to begin w
by aerovistae 9y ago
Why is it a problem that policy inhibits upward mobility while (in conjunction with technology) handing enormous power to those who already had money to begin with ? Hmm, I wonder how such a powerfully self-preserving and generally harmful system could possibly be considered a problem.
- anovikov 9y agoI see very little support to your point. People who are wealthy now are not kids of those who were wealthy in the previous generation. Almost all wealth is self-made, because most wealth is in industries that didn't even exist a generation ago. And, whole lot of that wealth is not even capita, it is salaries. How in the world it prevents upward mobility? If anything, it facilitates it. I know a ton of people who are rich, like, up to lower centimillion bucks rich (would be comfortably in top 0.01% of Americans). None of them come from wealthy families. Kids from wealthy families mostly enjoy upper-middle class, sinecure jobs secured by their daddies yes. They don't get to worry about anything in their lives, but they aren't rich either, most aren't even in top 1%
- aerovistae 9y agoBecause you know "a ton of people who are rich," you believe this represents the majority or the average? Or at least, you believe that because "a ton of people" who you know have achieved wealth, then wealth must be easily attainable for the majority of Americans if they just tried?