Item — HN Reader

To play devil's advocate: Rich kids are doing cocaine in Ferraris. It's the poor kids that make stuff happen.

> Starting conditions (where one was born, levels of wealth and opportunity there, one's parents' education and jobs) are shockingly predictive about an individual's future. Hard work leading to social mobility has always been the exception, not the rule.

That could be true for USA where the mobility reached an equilibrium.

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There’s a level of wealth that is below ‘lambo for kids’ that still provides a vastly different life experience than ‘occasionally have to hock something to keep the lights on.’

There’s also wealth that manifests itself as parents investing in their kid’s startups and providing social access to other elites.

Also, I was acquainted with a high school kid who had a supercar. He also was subjected to domestic violence, which curbed the majority of envy I had for his situation.