Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Billionaires amass more through inheritance than wealth creation, says UBS. Parent comment
He shows that - currently - R > G. I'm not convinced this "proves" inheritance is the main problem.
It shows that you can't work your way to the top - only invest and get lucky (of which inheritance is one of many ways to get lucky).
And by the way - it shows that this was true for all of human history except a brief window after WW2.
There are no comments on this comment yet.
He shows that - currently - R > G. I'm not convinced this "proves" inheritance is the main problem.
It shows that you can't work your way to the top - only invest and get lucky (of which inheritance is one of many ways to get lucky).
And by the way - it shows that this was true for all of human history except a brief window after WW2.