| mrstickball said:
In praxis, that CEO may give his son the business only to have him totally squander the business. We've seen that very often in America. Look at the Big 3 auto makers who had a lineage of ownership by the family - at some point, a son or daughter rose to power, and squandered what they had. A similar situation is taking place in Cleveland with the Cleveland Browns and the son who inherited it. As for your argument about the single mother. That hard working youth may have been Larry Ellison who was birthed by an unwed 19 year old mother. To this day, no one knows who the father is of Mr. Ellison. |
There is opportunity, but no one can claim that opportunity is any where close to being equal. The son of a rich CEO is still filthy rich, even if he is a total failure in life. Even a driven person, like Larry Ellison, works to get to that same level, he had to put a lot of hard work in to get there whereas the wealthy heir did absolutely nothing for the same.
