• parody@lemmings.world
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    2 days ago

    Pooooor Heritage Foo dation

    Actually think their kids will be down to be obscenely rich in the future world where coral reef diving and backcountry skiing are only possible in VR

    (I have to assume wealth and intelligence have a decent correlation sometimes, but Heritage proves the relationship is certainly not 1:1)

    • nickwitha_k (he/him)@lemmy.sdf.org
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      2 days ago

      (I have to assume wealth and intelligence have a decent correlation sometimes, but Heritage proves the relationship is certainly not 1:1)

      They decidedly do not have a correlation. The majority of wealthy people inherited their wealth. Inheriting enough wealth to pay a competent finance professional has been the primary means of accruing wealth since at least the 80s. Those getting wealthy from startups and the like are outliers.