Earlier quoted context omitted.
this 'people are rich because they are smart' is not a take i expected to find on HN. Its not quite as damaging as 'people are rich because they work harder' but its really not far off
Intelligence is inheritable. Intelligence is correlated with educational attainment and wealth. People tend to marry within their socio-economic group. Wealthy people who came from nothing are the exception. Even in places with high degrees of social mobility, climbing the social ladder is a multi-generational saga. Maybe a working class family has a child or two who enter the professional class, then maybe their chi…
Wealth is also correlated with inheriting money...