Bucky wrote:Wait, everybody back up and re-read MB's post, which is the most salient piece of the puzzle that gets glossed over.
Werthless, you can and should make sure you do your best to raise your kids with these values. But let's say the former part of nature/nurture wins out, and one of your kids only ever gets a job bussing tables or digging ditches or gathering carts at the supermarket. The inequality can happen even longer before someone gets to high school- it may happen at birth (and I'm even forsaking the external factors like skin color here). Does society just say "oh well, too bad, you're only worth enough to continue to live in your ma's basement and never be able to afford to have a family"? Or do we recognize that some people, although they may not exhibit traits that equate to 'success' by capitalist's definitions, deserve to have a wholesome and fulfilling life among the rest of us??
And more directly to MB's point, if we did get to a point where 100% of folks got advanced college degrees, society always will need people to fulfill the more menial of tasks. So we'll have MBA "winners" who get good jobs, and MBA "losers" who are pumping your gas in NJ. I don't think out-and-out socialism is the right way to go, but some sort of income compression between the investment bankers and the grocery store clerks is a real good thing for a functional society.
Well said, Bucky. And a shout out to MB as well.