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by wonderbear
2888 days ago
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I would argue we're just as pedigree based as ever. Just look at any list of the wealthiest (whatever demographic) people in the US. Inheritance and connections dominate it. It's the wage-earners competing in a pseudo-meritocracy, just like fifty or a hundred years ago. The difference now is that our skilled trades require more formal education. |
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In the top 10, 2 are 1st-generation trust-fund babies (The Koch brothers), 7 are tech company founders, and 1 is self-directed investor. Certainly most of these enjoy great upper-middle-class opportunity and privelege, but these founders did not get their wealth from pedigree-appointed positions at Daddy's company after drinking their way through a Political Science degree.
Then come 3 more trust fund babies (The Walton kids), a self-made casino founder, and another tech company founder.