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.
Life isn’t fair. Some people are born into families that already have far more than they need, but most are not. Some people get lucky and their work makes them a lot of money, but that is extremely rare and mostly happens to people who are fine putting themselves before everyone else.
Most people work hard their entire lives and might even do things that just don’t result in being wealthy, like teaching or taking care of children.