Evidence on Poverty Traps from Rural Bangladesh [pdf]

Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by jayski on Tuesday December 29, 2020 @11:12AM (#25571198)

I don't know man... I dont think its that rare for someone to climb out of poverty. Maybe I just see it this way because I did it myself (born in a 3rd world country, single mom, step father with bad addiction issues, barely graduated HS)

Now that Im a father myself, Im of course trying to give my child the best opportunities, but also trying to raise him to be grateful and disciplined.

So I'm not talking about the billionaires. Im talking about regular people who can now grant their children not private jets, but just a good private school.

What would be fair in this scenario? How can we make things equal/just in this case?

Also I dont think its rare or hypothetical at all, that rich kids never learn to work hard and squander their good fortune.

-- EDIT, i completely agree its absurd and completely wrong that 1% of people have 50% of the wealth, that should not be that way.

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Re:Evidence on Poverty Traps from Rural Bangladesh [pdf] by jahaja on Tuesday December 29, 2020 @11:29AM (#25571442)

I also have a working class background, but in Sweden. The last thing I would like to do is to pull up the ladder that enabled me and so many others a better chance to a secure and comfortable life. The inheritance tax was actually recently abolished here, but not due to some popular uproar but because right-wing parties got into power.

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