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.
walk around the neighborhood and show the diversity of wealth. maybe go downtown if you can. Explain that wealth can be inherited (given), worked for (earned), and manipulated (invested)