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You wrote that the median American worker can’t take time off to campaign. That’s correct, they can’t. The point is that lots of people, of all ages, both youn
by smcphile 7y ago
You wrote that the median American worker can’t take time off to campaign. That’s correct, they can’t.
The point is that lots of people, of all ages, both young and old, who’s net worth is significantly above the median, can afford to take time off to campaign.
So, yes, people with a higher net worth are at an advantage when running for president, but this doesn’t really explain a bias against younger presidents, since there are plenty of wealthy younger people, in terms of sheer numbers, just not in terms of percentage of the population.
Also, you wrote that people over 55 represent 1/3 of the American population but own 2/3 of the wealth. This can at least partly be explained by the fact that most people’s net worth increases with age and not just linearly. Plus older people often inherit some wealth from parents who die, increasing again their net worth.
If the same pattern stays in place for future generations, if they also get wealthier with age, I don’t personally see that as a big problem. Do you?
If on the other hand the pattern doesn’t continue, and younger people don’t get wealthier with age, then, yes, I agree that’s a problem.