Most people I know are being supported in some way by their parents.
Maybe the United States should have a discussion about why most of us our getting poorer. If the American dream is to live better than your parents, then that dream is dead.
Most people I know are being supported in some way by their parents.
Maybe the United States should have a discussion about why most of us our getting poorer. If the American dream is to live better than your parents, then that dream is dead.
People who didn't own stock got nothing.
So they lost, since the total amount of money in the economy increased.
I went to shitty schools in shitty places but my parents always were tough on education and basically forced me to be "smart". You can't ever guarantee that someone's parents are going to care, but you can provide them an environment that cares and educates them effectively for 7 hours a day.
Here's a good one from Eric Weinstein. The whole interview is good (about AI), but at the end he discusses this kind of issue (time is bookmarked): https://www.youtube.com/watch?v=2wq9x2QcZN0&t=4260
This is part of a good lecture by Dr. Jordan Peterson on IQ, AI, and how AI is and will continue to displace people who will have no means to work to support themselves: https://www.youtube.com/watch?v=X6yLIdBikmI
I think the American point or view is skewed by politics and the fact that the country didn't have catastrophic events in the last century or so.
My parents and grandparents have zero wealth because they have been born in a socialist country, and I have 100k in savings by age 30 which I consider a huge achievement. Surely you can see why I might be appalled by the suggestion that my money was earned unfairly and more socialism is the answer.