News for hackers. Stuff that matters.

A comment on German Union Steps Up Fight for ‘Modern’ 28-Hour Workweek. Parent comment

Re:German Union Steps Up Fight for ‘Modern’ 28-Hour Workweek by marnett on Monday January 22, 2018 @03:37PM (#16207675)
That's a gross over-simplification of wealth accrual. Hyper-concentration of wealth will most certainly prevent new entrants from entering the coveted class of the 1500 worldwide billionaires.

Regardless of desires to be wealthy, inequality has a lot more to do with inherited wealth, not the ability to be lucky as an entrepreneur. There are plenty of billionaires (and millionaires, etc) who did nothing but enter the world with the correct surname.

[ Parent | on HN ]
Re:German Union Steps Up Fight for ‘Modern’ 28-Hour Workweek by p1esk on Monday January 22, 2018 @04:04PM (#16207891)
Hyper-concentration of wealth will most certainly prevent new entrants

We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year.

There are plenty of billionaires (and millionaires, etc) who did nothing but enter the world with the correct surname.

And there are plenty who did not have the correct surname at birth.

[ Parent | on HN ]
Re:German Union Steps Up Fight for ‘Modern’ 28-Hour Workweek by fao_ on Monday January 22, 2018 @05:37PM (#16208718)
> We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year.

Your proof? Most of the 'new entrants' actually have quite a wealth of already accrued money. For example, Jeff Bezos had a loan from their parents for 300k, which is equivalent to for 15 people's yearly salary

[ Parent | on HN ]