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> so and so got kicked out of the high earnings club ... Usually to join another high earnings club
by l9k 8y ago
> so and so got kicked out of the high earnings club
... Usually to join another high earnings club
- village-idiot 8y agoOne of the more interesting books I’d read was “Dream Hoarders”, which is about the top 20% setting up a system that prevents them or their children from ever leaving this top quintile. College in particular does more to protect low competency rich kids than it does to promote high competency poor kids, sadly. As a tidbit from the book, most of the top 1% are actually a rotating cast of the top 20% having a good year (the ultra rich like the Kochs excepted). Most of the top quintile will get a year or two in the top 1% in their lifetimes. But once you focus on the top 20%, you start seeing a very stable clique that’s holding onto power.