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> Don't get mad at someone else because of your own families path Should I get mad at my family? This part is not clear to me. You are also saying this like i
by digging 4y ago
> Don't get mad at someone else because of your own families path
Should I get mad at my family? This part is not clear to me.
You are also saying this like it's possible for everyone to become wealthy, if only they were picking one of these three options. Not every family can be wealthy - the wealthy make sure of it. It's a zero-sum game (well, more of a negative-sum game? as wealth becomes more concentrated at the top).
Actually, the more I think about it, the less I see how these are three different options. For me as an individual, #3 comes down to inheriting wealth that someone else generated with #1, which is just #2 + luck.
- JamesBarney 4y agoIf the economy was a zero or negative sum game we'd still have the same food insecurity we did 500 years ago. But we don't, the world has gotten much better in the last 500 years from people working hard on making it better, many getting rich in the process.
- ClumsyPilot 4y agoYour benchmark was Rich. Rich is a relative term, it means more money that everyone else. If everyone owns 5 houses, to be rich you have to own 500
- JamesBarney 4y agoThe status is zero sum, wealth is not. We all live in bigger houses with more amenities and greater food security than our ancestors.
- ClumsyPilot 4y agoIf you compare to peasants who lived 100 years ago, sure. But go back two generations, and as inequality has risen swaths of people have fallen into property.