Re:Evidence on Poverty Traps from Rural Bangladesh [pdf]
by legulere on Friday January 01, 2021 @02:28AM
(#25601531)
> let's say someone is born into extreme poverty, and through decades of hard work becomes wealthy enough
That seems more luck than hard work to me. Just read the paper.
Even if that was possible. Do you want in a world where people with merit call the shots or a world in which people that cheated their way to wealth or simply inherited wealth call the shots?
Money can be transferred, gained through stealing and luck which all does not require merit. It is not a good proxy for merit.
That seems more luck than hard work to me. Just read the paper.
Even if that was possible. Do you want in a world where people with merit call the shots or a world in which people that cheated their way to wealth or simply inherited wealth call the shots?
Money can be transferred, gained through stealing and luck which all does not require merit. It is not a good proxy for merit.