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Born on third base

Warren Buffett gets it:

Certainly neither Susie nor I ever thought we should pass huge amounts of money along to our children. Our kids are great. But I would argue that when your kids have all the advantages anyway, in terms of how they grow up and the opportunities they have for education, including what they learn at home - I would say it's neither right nor rational to be flooding them with money.

In effect, they've had a gigantic headstart in a society that aspires to be a meritocracy. Dynastic mega-wealth would further tilt the playing field that we ought to be trying instead to level.


Look, pretty much everyone in middle-class America or above starts off with some advantages. Yeah, I know, you've got problems and that's why you deserve everything you've got. But why hide the fact that you're where you are in large part because you're lucky? Are you really that much better at everything than some kid from Bed-Stuy?

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