1. True 2. Wealth isn't a fixed pie, but power is (also, real estate). 3. In fact, happiness correlates more strongly with relative income than absolute incom

1. True 2. Wealth isn't a fixed pie, but power is (also, real estate). 3. In fact, happiness correlates more strongly with relative income than absolute income. As an aside, I think that multigenerational wealth is particularly corrosive to society - I would be happy to accept extremely high inequality as long as it couldn't be inherited.