Reply to Does wealth beget Wealth?

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Reply to "Does wealth beget Wealth?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes it does.  But it is also absolutely possible to rise to that from different upbringing.  Lots of factors contribute, but [b]the most important is the desire from within the individual person[/b].

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This is such crap.
- wealthy person from wealthy family[/quote]

Just because you don't think you would have made it without your wealthy family doesn't mean it can't be done. 
- Upper class immigrant who came with nothing from urban poverty overseas.

OP, education is still the most powerful factor in lifting the fortunes of the next generation. If your kids can't tell whose from who's and its from it's - you gave them a poor start in life. Select the best school you can afford and be militant about good grades.
[/quote]

Of course it CAN be done.  But to say that 'the will' is more important than the massive head start that some people are given in life is not only untrue but, frankly, pretty offensive.  [/quote]

Don't worry (or get offended) by what other people have, it doesn't matter - if your parents don't have wealth then that's that. But there are things that can and will lift you from middle class to upper middle class if you pursue them.[/quote]

You can move into a different tax bracket, but you cannot become a different class. class is separate from income.[/quote]

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