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No, it doesn't. There are lots of self-made people. A pure inheritance model is both defeatist and inaccurate.
by quotemstr 7y ago
No, it doesn't. There are lots of self-made people. A pure inheritance model is both defeatist and inaccurate.
- chantelles 7y ago"over 60 percent of the Forbes richest 400 Americans grew up in substantial privilege" (wikipedia) and add in race and gender rigging of the system and IQ is a factor among others.
- danmaz74 7y agoPrimarily doesn't mean only. Of course there are self made people, but the number of those who come from money if much higher.
- bayesian_horse 7y agoWealth can only accumulate exponentially, and there are big limitations for the "growth" factor. You have to build on the wealth of your parents. This makes it substantially easier for those with richer parents!