4 ms·
Wealth, especially generational wealth, is a complicated problem in many aspects. The biggest 'challenge' is once you get to various echelons... of all places,
by to11mtm 2y ago
Wealth, especially generational wealth, is a complicated problem in many aspects.
The biggest 'challenge' is once you get to various echelons... of all places, I heard it best described on reddit; It's like the reverse of MMO mechanics; Rather than low levels giving you lots of growth and higher levels requiring a lot of 'grind', the farther you get the easier it is to make more money, even 'doing nothing'.
A -huge- factor nowadays is property values as well, which doesn't help.
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There is also the concern of 'other ways' people get into that echelon.
I think of those who exploit labor, flount the law, and honestly in some cases (maybe they aren't the 1% but) those who use their power of 'celebrity' to get people to spend waaaaaay too much money on 'signature' goods or whatever else they endorse (Air Jordans come to mind as an example.)
It's all kinda gross to me tbh.