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Statistically, You Will Overestimate Your Chances Of Success. Here’s Why
Life has no obligation to be balanced.
So it’s no surprise that wealth concentration is a thing and that a necessary part of it is an unequal distribution of wealth. The amount of wealth controlled by members of a population obey the Pareto Principle:
A large portion of wealth is held by a small fraction of the population.
400 richest Americans are wealthier than half of Americans combined. 1.2% of the world’s population control 47.8% of global household wealth.
Another necessary part of wealth concentration is that a little inequality will over time amount to larger inequality. That’s another way of saying that the poor gets poorer while the rich gets richer.
Presently, wealth inequality levels are very high.
If we follow history, and the numbers, we’d see that the stakes are high, especially if you’re from the lower rung of society. It’s been like this over time; everybody should know. But many don’t.
I come from the lower rung of society.
I had a fantastic childhood where I was allowed to be a kid; to play, get dirty, make friends, play more, get dirtier, and make more friends. It was easy for us kids to pick up beautiful dreams and…
