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what is your argument? you just made a claim without evidence- would be more compelling with some. i think there is a lot of data to suggest the opposite.
by the_cat_kittles 8y ago
what is your argument? you just made a claim without evidence- would be more compelling with some. i think there is a lot of data to suggest the opposite.
- AnimalMuppet 8y ago> i think there is a lot of data to suggest the opposite. You also just made a claim without evidence. It would be more compelling with some.
- basementcat 8y agoI claim that those who are better at managing their money (spend wisely, save more, invest wisely) tend to accumulate wealth more quickly than those who don't. For example, I have several colleagues who started their careers around the same time as me. Some are much wealthier than me partly because they spent considerable time and effort accumulating real estate portfolios (among other investments). Others have accumulated less wealth than me because they spent much of their incomes on ephemeral pleasures.
- the_cat_kittles 8y agothats just completely tautological. id argue that little upward mobility, and racial inequality in lifetime earnings suggest that being having money makes it easier to make more. also because it is my lived experience as someone who is rich.