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].

[/quote]

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]

You can come from a wealthy family and be loser with no job if you don't have the desire or ambition to succeed in life.  You can come from the gutter and take advantage of any resource you can to get ahead and do better in life than previous generations of your family.

Does wealth help? Absolutely, which is why I said that yes, wealth begets wealth.  But I know people who banked on their trust funds that have nothing in life now and I know people that started with nothing and worked their asses off with determination to succeed.

The next biggest thing that makes a difference is luck. [/quote]

+1 agree, completely true[/quote]

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