rinbaum on Nostr: Sounds like you've got some real winners in the family. My own family didn't have a ...

Sounds like you've got some real winners in the family. My own family didn't have a lot of wealth - we never owned a residence and we never had more than one bathroom - but us kids worked pretty hard (as our parents did) and those of us who have children have sizable amounts to be given to the children if they haven't already received assistance with the homes they already own.

Of course, my generation in the family stumbled into finance (I wanted to be a copy editor or a translator at the UN or an astronaut lol) and maybe we learned there how rich people stay rich from generation to generation.

Your parents are a perfect example of why UBI will never work unless a totalitarian system would be put it place with it. As Chris Rock once said, rich people invest their money - poor people go out and buy rims (for their car tires, as was the fad at the time). "Shaq makes millions and he is rich, but Jerry Buss signs his checks - he is WEALTHY".

Certainly the days of athletes and entertainers (not Shaq, but many, many others) blowing their money and thus having nothing in later life have come to the end. Maybe these sad stories were what woke people up.