Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Maurice Winn who wrote (57376)	12/21/2004 12:46:44 AM
From: Behind Blue Eyes	Read Replies (3) of 74559

Mqurice, my point is nothing to do with envy. In in my albeit limited experience the wealth builders certainly are more productive (intelligence and productivity certainly not always transferred to the offspring despite the breaks)... It's not the parental money and education which cause the upward mobility. It's the brain-power and work. do you think George Bush is the president due to his productivity, education or intelligence ? I have quite a few customers that are self made men. It is likely that their businesses will outlive the progeny using the brainpower that seems to often appear at the fringes of the extended family in successive generations. Possibly my anecdotal sampling is askew though. A nice work of Historical Fiction Sarum weaves an interesting tale and this is one of the themes as houses rise and fall from the dawn of man on the British Isles to present day... Also I'm sure the Cato institute has likely another agenda than the one put forth.... BTW I don't think inheritance should be taxed. My point is simply that the wealth gap is widening and that this will not be good for the rich people either if it gets too wide... as anomie and hopelessness set in with the underclasses... then encroaches upon the dwindling middleclass... you know what follows.. EDIT: I believe Mr. Chen made a related post on this sub theme a long time ago ? It's not the parental money and education which cause the upward mobility. It's the brain-power and work. Again.. I would submit more folks on the upper end of the wealth spectrum actually do make it to better schools and likewise professions... Why is that ? It would seem by your reasoning they are necessarily more intelligent than poorer folks ? It is in the interest of the rich (self preservation) and societal preservation to ensure that the gap does not widen too much... I'm not talking about some pie in the sky philosophical law that says everyone is equal... The widening gap means however that the brainpower pool will deplete not grow... Roy

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next