02-25-2020, 01:10 PM
(02-25-2020, 12:56 PM)TheLeonardLeap Wrote: Even if all of your assumed numbers are correct, 10% is still over 60 people per day. Enough to make your use of the word "impossible" rather inaccurate.
Increasing wealth from $900K to $1M doesn't prove anything about socioeconomic advancement. It is just the rich getting richer.
The fact is that the United States has one of the highest rates of intergenerational income elasticity. That is a measure of how the parents wealth influences the children's wealth. Socioeconomic advancement is harder in the United Sates than almost anywhere else on the planet.
No one should be excited because it is "not impossible". Any bad thing can be justified if you set the bar low enough.
