2 ms·
None of this has to do with rent-seeking. Weird survey. Say you've got two middle class kids. Both have their parents pay for college. Both get business degree
by marcusverus 3y ago
None of this has to do with rent-seeking.
Weird survey. Say you've got two middle class kids. Both have their parents pay for college. Both get business degrees. Both work hard and save. Both save 2 million dollars in preparation for retirement. One of them gets a 300K inheritance at 60 years old, and, just like magic, he is no longer self-made? It's amazing what you can find in a survey so long as you design the survey with that outcome in mind!
> The wealthiest 10% of Americans own a record 89% of all U.S. stocks
Owning equity in a company isn't rent-seeking.