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by Decathect 2659 days ago
Inherited wealth gives you an unearned advantage. Therefore, on average for any given slice of society, the least talented members will be the children of privilege. The more money you’ve been given the more likely your peers outclass you.

This is evident to most people, but surprisingly not obvious, in my experience, to the people most directly affected.

1 comments

But what does it really mean to "earn it"? What if someone had richer parents who could provide better education? What if someone was diagnosed with cancer after finishing that education? Does a $10M/yr. CEO really "deserve" their fortune? Has he really "busted his ass" anymore than a janitorial worker who works 3 jobs to make ends meet? What about affirmative action? What role does "inheritance of genes" play? Luck plays a much greater role than many free-market, survival-of-the-fittest capitalists want to admit. And so why is it that luck in the form of health, talent, country of citizenship, physical attractiveness, etc. should be any less reason for envy (which is the real issue here) than the gift of money?