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.
I’d love questions like that. Not that I have a kid.
One approach is asking her what she thinks, or if she can guess. Can be split into whether she knows why he is so wealthy.
Being concrete should make it pretty clear. You get paid what you get paid. And that’s that.
And that’s a great opportunity to talk about how wealth does not correlate with value or commitment or investment or ethics.