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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Think of your family -- your children and grandchildren, and the sacrifices your parents and grandparents made to get you where you are.  What some would call "privilege" (such a silly term) is most often the result of previous generations of a family thinking about future generations of the family.  I spend  over $70k per year on private schools for my two children, max out my investments, but drive an old Toyota.  I'd prefer to leave more for my children and grandchildren (and to teach them to do the same, as my father taught me) than to impress you with a Jaguar or Rolex.  [/quote]

Well let me see. My parents did make a good life for me but there was/is no wealth to pass on because their parents who worked hard and did their best did not inherit any wealth because their parents were sharecroppers who didn't inherit any wealth because their parents were slaves and their parents were slaves and their parents were slaves....

[/quote]

The whole narrative of this thread is innately classist/racist. Thank you for pointing this out.

In that vein, my great-grandparents were immigrant factory workers, my grandparents made nice middle-class lives (teachers, secretaries), and my parents and their siblings were the first generation to earn advanced degrees. Enough to make a nice income, but no inherited wealth. It does make a difference.

Try looking at it another way. A good question is what differentiates people who have equal privilege and maintain or enhance it versus those who do not (  weather because they squandered things or are not directed). It is not a statement that those with financial or educational or social wherewithal somehow deserve it more than others, but rather a question of how, as compared to others in the same boat, one can live in a way that enhances their family’s  ability to prosper.  Put another way, given a wealthy person situation in life, what steps do they take to maintain or enhance it as opposed to being a shirtsleeves to shirtsleeves family in three generations. [/quote]

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