We all know that people with high-income parents have an advantage over people with low-income parents. But what I just realized is that there’s *also* a practical difference between people who could ever inherit or borrow money from a grandparent or cousin, and people who can’t.
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Replying to @s_r_constantin
Yes, which is part of the reason why our real world credit ratings are so heritable.
9:32 PM - 12 Oct 2019
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