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A comment on WY Union Says Court Ruling in Kroger–Albertson’s Merger Favors “Ultra-Wealthy”. Parent comment

Re:WY Union Says Court Ruling in Kroger–Albertson’s Merger F... by tick_tock_tick on Sunday January 22, 2023 @08:23PM (#34484307)
> Bill Gates’ father was a founding partner of huge law firm, Musk’s family gem mine is well known. Bezos had dozens with tens of thousands just lying around to buy into his vision. Trump got a meager 1 million kick start.

So what your saying is thousands of people start with the same or an even higher level of opportunity and still fail to achieve even a fraction of what they did?

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Re:WY Union Says Court Ruling in Kroger–Albertson’s Merger F... by echelon on Sunday January 22, 2023 @08:28PM (#34484338)
Wealth multiplies the probability of success by a small, but non-negligible factor. It is not necessary or sufficient to achieve breakout success, but the effects of incumbent wealth do make the path easier and less risky.
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Re:WY Union Says Court Ruling in Kroger–Albertson’s Merger F... by themitigating on Sunday January 22, 2023 @08:27PM (#34484337)
I think he's saying that if you have a leg up from the start it greatly improved your chances of success.

Of course Gates and Musk deserve credit for making good decisions and putting in the effort but maybe not the God like status (really Musk) people ascribe to them.

[ Parent | on HN ]