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I was thinking more in terms of ability to generate intragenerational wealth (of the self-sustaining variety). Rich vs wealthy. Working for income vs living o
by alistairSH 5y ago
I was thinking more in terms of ability to generate intragenerational wealth (of the self-sustaining variety).
Rich vs wealthy. Working for income vs living off interest. Etc.
Or the ability to influence politics, corporate policy, or otherwise yield substantial power, which tends to reinforce the income gap.
As a top-5% income earner, I can assure you I don't yield any more political or corporate power than anybody else in the bottom 99.5% or so. And I certainly won't be leaving massive trust funds for my heirs.