[denphone]

Originally Posted by Chris

A few people have earned large fortunes from nothing. Many more people have earned large fortunes because they had a wealthy, well-connected family to help them get started. Their ability to earn from a similar input of hours and graft is therefore much higher.

Very few people seriously advocate Communist-style wage parity these days - those who complain about massive pay disparity are not doing that. This isn’t a binary argument. And Thatcher, incidentally, seeing as she’s been brought into this, always said she believed in equality of opportunity. A great deal of wealth inequality arises from opportunities being unequal.

A spot on analysis.