MtnDiverColorado
Contributor
Do you think that's the current state, that the current disparity of wealth, income and social status is warranted by the difference of hard work, skill, risk taking and general value procurement to the society?
No, broadly, I think its a complicated topic, and the issue of wealth disparity is a real one, and the causes are diverse. I also think it threatens the overall stability of our society.
That said, narrowly, people who work hard, are skilled, and take risks, are generally going to do better than those who don't.
Folks who come from advantaged back grounds of course have a head start. Wanting that for your children is a huge incentive for parents to work and save. However, in my life, I have seen children from very disadvantaged back grounds go on to be very successful, and children who were advantaged, end up in a tough place.
So I agree its a problem, but my advice to my children and to anyone else is still to work hard, care about your job, treat people well, and always try to improve your skills so you can add value to your employer, or through your business.