All I'm saying is, if rich people are human then how come I've never seen any staring at their reflection in a church while holding garlic and crucifixes?

Because of the crusades obviously. Checkmate tradcons.

http://ftp.iza.org/dp1993.pdf

fuck idk why google couldn't find this for me

that took forever

This is a lot of pages but maybe I'll work up the will to read it eventually.

the fucking chart isn't here either but the picture of it lists THIS title as it's origin

just read the abstract

Wait...

So you're telling me

That five in ten low income children end up being low income adults

In the US

Meanwhile, five in ten low income children become high income adults

Yes

Social mobility doesn't exist at sll

All*

When a full 50% literally moves social classes

What the fuck are we even discussing here

I don't think that's what those numbers mean.

Shit, they figured out that I've been shooting from the hip this whole time!

So if five in ten stay low income

What happens to the other five

Do they just disappear and die or something

I don't think it's a 5/10 split.

That's what it said in the abstract

There are no numbers in the abstract.

Half the variably of childhood income is explained by parental income.

It said the wealth of rich parents affects the wealth of their adult children

The rest of the variability is unexplained by that factor.

Yeah, obviously.

We're trying to figure out how much.

it just says they wont be low income it doesn't say anything about how high they went

What does "low income" mean?

but in canada

it is 1/3

uhhh

Is there some number that if you make a penny less than you're low income and if you make a penny more than you're high income?

So ultimately what does the paper try to say?

Across countries, an X amount of kids end up sharing the same socioeconomic strata as their parents

where you are born is a good prediction of how you will live your life

...And?