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> They aren’t even aware wealth inequality is the problem. It seems like a symptom. Primarily because "wealth management" does seem to be a skill. So the exp
by timewizard 2y ago
> They aren’t even aware wealth inequality is the problem.
It seems like a symptom. Primarily because "wealth management" does seem to be a skill. So the expectation would be that even if you equalized all wealth tomorrow and suddenly educated everyone to the same level in it's management then in a very short time a large imbalance would again be created.
> but they aren't sure what it is or who to blame,
It's impossible to acknowledge that both of you are most likely equally wrong but just in different directions? If you worked together you'd get much further yet you can't even grant them basic personal agency. What a bummer. Inequality abounds.
- ahaferburg 2y ago> in a very short time Citation needed. This seems highly implausible. Wealth is mostly inherited, and amassed over generations. The wealthy become more wealthy because they already have wealth. If you take that away, all those wealth management skills matter a lot less.
- quacksilver 2y agoLots of rich people become poor as well, maybe its just that few people see a celebrity or multimillionaire going bankrupt and disappearing from the public view or their decedents blowing their inherited money on designer goods, cars, gambling alcohol or an expensive spouse who loves them for their money as particularly notable. "from rags to rags in three generations" etc...