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Money and Finances
Reply to "We are a capitalist country with very few capitalists"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]No matter the system it is often said that if everyone were put on a level playing field, and all wealth was equally distributed, that within a decade the poor would be poor again, and the rich would be rich again. Not 100% of the time, but that rule tends to speak true most of the time. [/quote] This is the stupidest thing I've read today, though the day is young. This is "often" said? By whom? And how can this rule be true even 1% of the time when such a distribution has never actually happened?[/quote] This is actually very true. Look at China, most of the privately held wealth evaporated due to government confiscation, but social status structures rapidly reimerged. There is a strong genetic component to SES and redistributing wealth has a largely temporary impact on inequality. https://www.economist.com/graphic-detail/2022/06/09/the-grandchildren-of-chinas-pre-revolutionary-elite-are-unusually-rich[/quote]
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