I think every one would agree with Max Cut that the wealth of the family you are born into and the wealth you accumulate as an adult have a positive correlation.
What happens if the Government understates that correlation? Success will be more luck based than is fair. The Government will be less likely to proactively lift people up out of their situations.
What happens if the Government overstates that correlation? They have certainly poured tons of money into trying to mitigate the problem. So, evidence would show it is something they are concerned with and think is a real issue. But, as Tooth said, the Government's focus on the problem with little to no success actually leads to worse outcomes due to minimizing individuals' internal locus of control.
Ironically, this obsession with trying to "fix" the problem only strengthens its effects. The people who benefit from the narrative that financial success is nearly impossible for people born into poverty are people born into wealth.
So, Max, you are right in a vacuum. But, this is the problem with the left. They are obsessed with identifying problems but not obsessed with coming up with solutions that lead to positive outcomes.
Increase policing in poor neighborhoods, decriminalizing all drugs, weaning people off social welfare programs that create terrible incentives, school choice, and UBI for all Americans would go a long way.
It wouldn't lead to perfectly fair outcomes. Not even close. But, life isn't fair. As others have said, having shitty things happen to you can actually give you huge advantages over people who have everything handed to them.
Maria Konnikova does an incredible job illustrating why your kind of thinking can lead to bad outcomes for people. In poker and in life.
19:15 mark
https://freakonomics.com/podcast/kon...biggest-bluff/
Last edited by jwd; 07-30-2020 at 03:22 PM.