My daughter asked me this. How would you explain wealth inequality to a 12-year-old?
For context: ex-wife cheated on me and married this extremely wealthy Chinese guy. Crazy wealthy as in entire apartment building in Beijing’s CBD and a mansion out in the Shunyi district as his “main residences”. Daughter lives in China with my ex-wife, her husband and his son. Daughter lives with me during school breaks / holidays.
There are those who a born into money, those who manage to make money (don’t know which is in your situation), then there is the the other 99% of the population.
Sit with her and look at the prices of those units and compare them to the normal wage and ask her to calculate how long someone would have to work to afford the apartment.
He was born into money. His dad was able to capitalize on China’s switch to capitalism early on back in the day. And he doesn’t own just 1 apartment, he owns the entire multiple floor building as his personal home.