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Well put. I personally would opt out of having a kid if I knew they were going to end up outside of the top 20%. I just don't want that life for them and I'm no
by antisthenes 8y ago
Well put. I personally would opt out of having a kid if I knew they were going to end up outside of the top 20%. I just don't want that life for them and I'm not sure I can guarantee that they end up in the top percentiles.
> The wealth gap in this country is squeezing all the joy out of life for every penny its worth.
Every capitalist society needs a periodical wealth tax, otherwise the natural accumulation of wealth results in such a gap.
- aeontech 8y agoEven if you are a millionaire your kid might end up penniless (cf. Great Depression or any number of squandered fortunes throughout history). Even if you are are born in a eastern european village you might survive a world war and end up in a comfortable American middle upper class lifestyle). You can’t guarantee anything in life, all you can do is do your best for your kid and let them fly as well as they can. And, agreed about the wealth tax :)
- thisisweirdok 8y agoSure but the Great Depression and squandered fortunes are extreme examples. The median in the US is being completely hammered without any extreme circumstance at play.
- aeontech 8y agoI don’t think we disagree? My point was just that there is no guaranteeing safety and success for your offspring.
- toasterlovin 8y agoGeometric increase in population does a pretty good job of eroding the accumulation of wealth.
- asdff 8y agoDoesn't seem to be the case in this century
- thisisweirdok 8y agoIf that were true wealth wouldn't becoming more concentrated. People love to jump to population as an issue, but in most cases it's not a problem. On a global scale there's still more than enough to go around.