Once you have a lot of money you just get more and more through interest. Plus getting inheritance. It's a big problem the rich get richer... And the poor have no capital to get going.
This is right. My question is this: why should the rich get an extra advantage when they are already wealthy? This goes against every fibre in my being. I believe in even playing fields, where people who work hard are justly rewarded. FRB makes this impossible. The landed wealthy will always stay wealthy, provided they don't gamble it away.
Don't we all (almost) have the opportunity to work hard and get rich ? Don't we all play by the same rules ? I had friends in my elementary school who were dirt poor, one in particular didn't even own a tv, he wasn't even that smart - but he would learn everything the teachers gave him to learn, he wouldn't do anything else, he had very good grades, even tho he was made fun of for being so poor. Well, he continued to learn , to work hard on his studies, and today he is a big-ass wealthy manager and I know, personally other people like that.
I myself have a sub-avg. paying job, and without a loan, couldn't afford a place for myself (ty FRB). And because today's real estate is cheap, it can grow, it can even double, so i'm enjoying the fruits of a value-increasing asset.
About inheritance, if you worked hard all your life shouldn't you be able to give your off-springs more than your neighbor who was lazy all his life and is therefor - poor ?
So my answer would be: cause maybe they deserve it. But I do know we live in an unfair world, and a lot of people get rich by chance and not by work and effort.