Re:The 'glass floor' keeps the children of the rich at the top
by tengbretson on Tuesday October 15, 2019 @12:29PM
(#21260317)
I'm not sure what you mean by "having access" to it. What does it mean to "have access" to wealth? Do you mean offering them financing with favorable rates?
Re:The 'glass floor' keeps the children of the rich at the top
by nicoburns on Wednesday October 16, 2019 @11:57AM
(#21271799)
Nope, I mean owning or having control over money (which is effectively a share of societies productive output). The alternative to rich people (in this case kids) having control over this money, is to tax them. That money could then be redistributed to others. The Universal Basic Income is a concrete proposal based around this kind of insight.
It's not over the long timescale, but over the short-term it is. Rich kids frittering money away really is preventing others who may need that wealth more from having access to it.