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.
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Being militant about good grades and anal about grammar does not work for everybody. It makes the kids, in turn, anal and risk averse. They are most likely to go on to become things like doctors, engineers, or lawyers- successful enough but hardly wealthy, most of the time. It takes existing/generational wealth and/or a particularly entrepreneurial or creative personality to create wealth. I say this as a first generation immigrant who came here lower middle class. My parents busted their butts and have a decent estate, but they are hardly wealthy. They raised me and my siblings to value the same things they did, like education and hard work. We are doing fairly well, but like them, we are hardly wealthy.
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+1 wealthy people can afford to be creative and I think that entrepreneurship has the most potential. [/quote]

Poor reading comprehension, clearly. Go re-read OP's post. The question is how middle class folks can move up.  That's what's being discussed.   Not becoming 0.01%, but moving up from middle class.[/quote]

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