Even the super-rich a century or many decades ago would be lucky if they live up to 60 years old. Average life expectancy in the world was only
Inequality is inevitably a result of individual freedom and people diversity. As my riend, Lawrence "Larry" Reed of FEE (USA) emphasized. “People who are free are not equal, and equal people are not free.”
In the photo, among those who attended our group, from left: Arpita Nepal of Samriddhi-Prosperity Foundation (Nepal), Olaf Kellerhoff of FNF in Potsdam, Germany; Amir from IDEAS (Malaysia).
Below, the Philippines’ richest families and their estimated wealth as of 2013, data from Forbes. Many of them were rags to riches people. Migrants from mainland China, about five to seven decades ago, poor, but very entrepreneurial at a young age. Others though are Spanish colonial descent, but showed high entrepreneurship skills too.
Whereas many rich and big business names in the 50s to 70s are gone or not so rich now compared to the new rich by the 90s up to the present.
Prosperity and poverty is generally a result of various system of "rewards and punishment" in society, which corresponds with individual freedom. People have the freedom to be hard working and efficient, or the freedom to be lazy, complacent and subsidy-dependent.
Of course some or all of these super-rich families were protected by the government via Constitutional restrictions to foreign investors and competitors, and Congress-created monopolies.
To break this less- or non-competitive way of getting rich, those Constitutional restrictions, Congress-created monopoly system should be removed or relaxed.
My non-cute video in youtube uploaded by Jadranco Brkic. Thanks Jad.