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To: Skeeter Bug who wrote (94255)2/21/2000 2:50:00 PM
From: Slumdog  Read Replies (1) | Respond to of 164684
 
>>the rich kids are EXTREMELY ADVANTAGED as a group.<<

SB,

I have noticed that most excellent, capable young skiers have affluent parents. It costs a bomb to keep growing kids in ski gear and passes. The poor kids play soccer........



To: Skeeter Bug who wrote (94255)2/21/2000 7:51:00 PM
From: Victor Lazlo  Read Replies (3) | Respond to of 164684
 
Skeeter, re the second half, I like to look at facts. You have presented your opinion.

Here is a fact. If you read the Millionaire next door you'll see that many children are raised in "better" conditions than their hard-working parents grew up in (and which thus inbued in the parents their fire-in-the-belly and general frugality.)

The kids in some of these families do get spoiled, but they also can become dependent on the parents' $$ well into their adult years, because they cannot earn enough $$ themselves to live the way they think they are entitled to live. This happens when the parents who earned the big $$ spoil their kids and it makes the kids dependent on them. (quite like welfare and the poor.) In many of these cases, the parents' $$ actually eventually runs out, or if it doesn't run out, it is simply not enough to sustain the kids, especially if there are more than one kid sucking down the parents' $$.

Then there are wealthy people who never inform their children of how much $$ they have. They don't live in $2 million dollar houses and drive Mercedes and ski in Aspen twice a year. These kids tend to grow up more normally and learn to work to earn the things they want. they are not spoiled, and do not become financially dependent on their parents.

Millionaire net worth status is not a genetically recurring thing that goes on indefinately through generations.

Victor