>> People who have wealth are going to be better with that wealth than people who don't. > Do you have any empirical data to back that up? The lack of old money

>> People who have wealth are going to be better with that wealth than people who don't. > Do you have any empirical data to back that up? The lack of old money that Gates alludes to in his article seems to suggest otherwise. Gates looked at a list of the very wealthiest people and asked how many inherited their wealth. Even if the answer is 0%, we could still ask about other brackets. Eg, how likely are Gates' descendants to be in the bottom income bracket? How likely are the children of someone in the bottom bracket to be middle class?