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It tells you that if that's your hypothesis. If you think rich people are smarter, it tells you that not only do they make more money, but they're more responsi
by byrneseyeview 17y ago
It tells you that if that's your hypothesis. If you think rich people are smarter, it tells you that not only do they make more money, but they're more responsible about saving it, too. So even though Mr. $80K has to buy a nice car and a couple suits, and Mr. $40K doesn't, Mr. $80K still spends less on liquor and lotto tickets.
- lutorm 17y agoIt tells me what if what's my hypothesis? I really dislike when people use the word "smart" or "intelligent" in these situations, because it makes it sound like "intelligence" is innate, like a genetic trait. Even people's IQ scores are not genetically determined, and an even more amorphous trait like "ability to amass monetary wealth" probably has a lot more to do with skills you acquire during your upbringing than with genetics. So if you want to say that rich people are better at gathering wealth, sure. That does not imply that the poor people, if they had been swapped at birth, could have acquired the same skills from the same situation.
- pg 17y agoDon't get distracted with the intelligence thing. His point is simply that you can't tell how much of the growth in people's fortunes is due to money rolling uphill, because it's probably not the only factor.