I found it interesting is that no matter how hard you work throughout your lifetime you won’t become rich because as stated “If you aren’t rich, it is because you lacked the foresight to pick the right parents at birth” The rich are usually wealthy because on inherited fortunes. Usually, the class your parents are in is most likely where you would stay. I believe there are people that have worked hard to at least move a bit upward. But, there is less upward social mobility today than a generation ago.
Some implications of living in a society that has huge wealth inequalities could result in higher rates of health and social problems because it reduces social cohesion which can lead to more stress, fear, and insecurity for everyone. In addition, lower level of economic growth when human capital is neglected for high-end consumption.
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