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.
With 12, she probably knows how the concept of jobs and money work. I’d say there is more to the question. It’s likely a conversation opener regarding wealth, or what’s important in life. I’d just ask some follow questions and see where this is going.