Reply to Harvard grads earn $81,500 at age 34

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[quote=Anonymous][quote=Anonymous]I went to Yale UG and Harvard PG.

Here’s what you’re missing:

1. Wealthiest people I went to school with either don’t work or they work vanity jobs, like setting up a nonprofit, something in arts, media, etc.  Little or no “income”, which is for poor people.

2. Others of the wealthiest people I know are in PE, real estate, partnerships, etc. Again, little or no “income”, which is for poor people.

3. Those in academics, research, medicine, and sometimes law are just short of crossing the threshold to actual money at 34.

[b]4. Plenty of HYPS grads, even if they’re not from Uber wealthy backgrounds like those above, have parents who are doctors and lawyers or whatever and are perfectly comfortable, plus expect to inherent well into 7 figures. So they’re fine choosing “meaningful” work that pays less: they work in museums, or at foundations, or in journalism. They sail around the world on a solar powered boat and make a documentary about.

5. Ironically, it is the poorest of the group—the strivers, first generation college kids, etc.—who bolster those “income” numbers. They are busting their asses in finance, law, consulting because they don’t have the wealth to fall back on. They are generating it to move their kids into one of the above  groups. [/b]

The US would be far more equitable if regular people could be made to understand that income is for suckers. Income tax fights and other income-based comparisons pit the poor against the MC against the UMC. It all missed the point about the tiny band at the top that doesn’t care about income. [/quote]

this is the correct answer[/quote]

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