[ChuckNorris89]

That's cute compared to Europe where for example in Austria, the top 50 wealthiest families own a third of the country's wealth.

[captainredbeard]

Correct: Europe has a far more entrenched elite / patrician class than the United States with far less opportunities for someone to "break out" by creating a company. Yet we continually hear about how terrible the US's economic & social policies are... to this observer, it makes no sense.

[slumpt_]

Socioeconomic mobility is low in the US. This has been litigated and resolved in research ad nauseam.

Survivorship bias, on the other hand…

[mk81]

>Socioeconomic mobility is low in the US.

Compared to where?

[slumpt_]

Other developed countries (or ourselves, in the past).