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.
To spend more time with daughter. Earning money that way is a high stress lifestyle of 100+ hour work weeks with creditors, investors, contractors, planners, inspectors, and tenants. Not everyone can function under that pressure long term.
Bullshit. Having money means less work.