this post was submitted on 13 Jun 2024
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Programmer Humor

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[โ€“] MajorHavoc@programming.dev 2 points 6 months ago (1 children)

It works fine for anyone with the foresight to be born into an ultra wealthy family.

[โ€“] CanadaPlus@lemmy.sdf.org 2 points 6 months ago* (last edited 6 months ago)

Or at least a sorta-wealthy family, and the further "foresight" to be in the exact right place at the right time.

That's the background of most of the Western ultra-rich, just as a consequence of there being vastly more sorta-wealthy families than already ultra-rich ones. Some of them are bound to stumble into situations that add a digit or two to their net worth. For an example, Elon Musk is notable for being tangentially involved in a huge success like three times, despite being a well-known moron.

My favourite introduction to the mathematical modeling of how inequality happens.