I`d like to see the reference that says that about half of the billionairs started from scratch. Also, did they start as inner city kids?
The important information needed is what is the probability that a pennyless child will become a billionaire vis-a-vis a multi-millionair`s son will become a billionaire.
If these two probabilities are not close, then the claim of equality of opportunity is hard to swallow.
I always wonder what is really meant by the equality of opportunity. How can a trust fund baby and a child from inner city ghetto may have equal opportunity?
I'd like to have same opportunity as Mr. Romney or Mr. Bush. How can I get that without having a rich and connected dad first?
The Heart of the US Election
I`d like to see the reference that says that about half of the billionairs started from scratch. Also, did they start as inner city kids?
The important information needed is what is the probability that a pennyless child will become a billionaire vis-a-vis a multi-millionair`s son will become a billionaire.
If these two probabilities are not close, then the claim of equality of opportunity is hard to swallow.
The Heart of the US Election
I always wonder what is really meant by the equality of opportunity. How can a trust fund baby and a child from inner city ghetto may have equal opportunity?
I'd like to have same opportunity as Mr. Romney or Mr. Bush. How can I get that without having a rich and connected dad first?