Saturday, April 17, 2010

becoming rich

“The problem with IQ is that it’s just not very important in determining who’s rich and who’s poor." Samuel Bowles head of the Behavioral Sciences Program at the Santa Fe Institute has said.“Being willing to sit in a boring classroom for 12 years, and then sign up for four more years and then sign up for three or more years after that—well, that’s a pretty good measure of your willingness to essentially do what you’re told,” Bowles says.

1.3% is the percentage likelihood that a bottom 10 percenter will ever make it to the top 10 percent. For 99 out of 100 people, rags never lead to riches. 30% is the likelihood, expressed as a percentage, that a child born to parents whose incomes fall within the top 10 percent of Americans will grow up to be at least as wealthy. 32% is the percentage likelihood that a person born into the bottom 10 percent of society will stay at the bottom. Poverty tends to persist through generations, no matter how individuals try to improve their circumstances.In a very unequal society, the people at the top have to spend a lot of time and energy keeping the lower classes obedient and productive.

The single most important factor to success in America is “one’s choice of parents,”

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