Evidence on Poverty Traps from Rural Bangladesh [pdf]

Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by refurb on Tuesday December 29, 2020 @08:22AM (#25569502)

Those “born on first base” — in upper-class families, with inheritances up to $1 million — make up 22 percent of the 400.[1]

I wouldn’t call 22% of the richest 400 people in the world having inherited more than $1M to be evidence inheritance dominates the causes of inequity.

I mean, another way to put it is “80% of the richest people in the world DID NOT inherit their wealth.”

[1] https://ips-dc.org/the_self-made_hallucination_of_americas_r...

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by learnstats2 on Tuesday December 29, 2020 @06:28PM (#25576367)

You've totally misread this. First base is the lowest category of wealth that the article describes.

22% received support and inherited up to a million, and a further 40% inherited at least a million - more than a lifetime's worth of income.

People outside these categories included those whose parents ran a successful business.

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by fractionalhare on Tuesday December 29, 2020 @08:26AM (#25569536)

That's not actually the only claim/result in that briefing; but yes, I agree that it doesn't seem representative for the question you're asking. Do you have any better citations? It doesn't seem like there's a conclusive answer from the academic community.

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by enriquec on Tuesday December 29, 2020 @08:57AM (#25569743)

Not to mention that thanks to the government, $1M is a one bedroom apartment in SF. So these people want to give them more power over our resources?! crazy.

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