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Re:Underrated predictor of success: willingness to be low-st... by dfxm12 on Friday October 23, 2020 @11:25AM (#24870447)
My impression, and indeed my personal issue with inheritance, is financial inheritance.

According to this study[0], at least 50% of wealth persistence is accounted for by direct transfers from parents, i.e. financial inheritance, while earnings and education are only able to explain 25%.

0 - https://onlinelibrary.wiley.com/doi/abs/10.1111/ecoj.12535

Re:Underrated predictor of success: willingness to be low-st... by ryandrake on Friday October 23, 2020 @02:05PM (#24872155)
Education is often a financial inheritance in disguise. If dad pays for your K-12 private schooling and entire Harvard education, how is that practically different than a direct cash transfer?
Re:Underrated predictor of success: willingness to be low-st... by fierarul on Friday October 23, 2020 @02:29PM (#24872377)
Would you want to live in a society where a parent would definitely not pay for better education? What kind of people would those be!?
Re:Underrated predictor of success: willingness to be low-st... by ck425 on Saturday October 24, 2020 @05:35AM (#24878029)
I'd prefer a situation where everyone automatically paid for university fees via a graduate tax and no one has the option to pay outright.
Re:Underrated predictor of success: willingness to be low-st... by fierarul on Saturday October 24, 2020 @07:35AM (#24878538)
This just moves the goalpost. Parents will pay for something that improves the odds of their children. Should a society where that just does not exist or is allowed be preferable? I think nobody wants that.
Re:Underrated predictor of success: willingness to be low-st... by ck425 on Saturday October 24, 2020 @05:19PM (#24882048)
Perfectly equality isn't possible but we should make it so any child can reach the height of socio-economic success. To do that we occasionally need to tear down the advantages others have such as in this case.
Re:Underrated predictor of success: willingness to be low-st... by fierarul on Sunday October 25, 2020 @04:37AM (#24884748)
What does the height of socio-economic success bring you if you can't even help in any way your immediate family?

If success means just the ability to buy stuff, the richest person gets the same iPhone, so why bother striving for more?

Perfect equality means total inhumanity and the destruction of family.

Re:Underrated predictor of success: willingness to be low-st... by ck425 on Sunday October 25, 2020 @02:27PM (#24888623)
Yet if everyone made supporting their family through the generations their primary goal it would lead to incredible inequality as the advantages of those born to well off family allowed them to make their kids even better off and so on, while the less well off could never catch up. We know from experience that excessive levels of inequality leads to destruction of society.
Re:Underrated predictor of success: willingness to be low-st... by fierarul on Sunday October 25, 2020 @04:02PM (#24889429)
The cluelessness is just baffling. I wrote a much longer reply but there's no point in pursuing this further...
Re:Underrated predictor of success: willingness to be low-st... by ck425 on Sunday October 25, 2020 @06:48PM (#24890760)
Please do reply, I'm genuinely interested.