Mnementh said:
I disagree here. Nobody get's super rich with their own work. That only happens by using the work of others. And that you do by investing. The capital for that comes from - the previous generation. People on the top generally look back on multiple generations. Sure, not every family that was once rich is rich now. But very few that were poor in the past are rich now. Accumulating wealth is a long process. |
Thank you for your response. It is always nice to see someone argue against racist policy in these discussions.
For our disagreement: I think the contrary can be true and often enough is true. Work 10 years, save money, invest, become an employer, get rich. Rich people coming from nothing is certainly possible. Especially given the fact that (I did a quick search online) in 70 % of the cases generational wealth is gone after 2 generations. 90 % after three. Sure some families are rich forever, but these are the extreme fringe cases. For the very most, it is extreme luck to get wealthy. Then they stay so for 2 or 3 gens, then they are not again. And perhaps somewhen in the future they will be again. Up and down it goes, but it does not build up (except in some super rare cases).
Which (I know you know, just saying) is a mute point to argue in relation to racism. Because what would you do? Lottery? "This one black family out of one million could have made it big, here is your stolen wealth."
