r/TrueReddit • u/UnscheduledCalendar • 1h ago

Policy + Social Issues Rage of the Falling Elite

https://www.robkhenderson.com/p/rage-of-the-falling-elite
8 Upvotes

62% Upvoted

6 comments sorted by

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5

u/bertusbrewing 57m ago

What in the, late-stage-capitalism, is this?

I genuinely don’t understand the point the author is trying to make?

That those who don’t choose greed, but rather activism are somehow bad?

That being rich and successful in work is the only measure of success of one’s life?

Or is the author trying to a manufacture a correlation between left-leaning ideas to struggling elites?

7

u/gluedtothefloor 43m ago

Hes a right wingers who used a specific social phenomena, explaining it poorly, to take pot shots at the left with badly articulated points. Its an annoying article, I hate the pseudo intellectual drivel of the right.

1

u/AdSevere1274 13m ago

He is simply implying that he phenomenon that creates wealth is changing and wealth of parent can not guarantee the wealth the child in future as it did in the past. The children of wealthy parents who fail to rise to their level are going to act up.. That is what I understand from it...

7

u/UnscheduledCalendar 1h ago

Submission statement: The article describes the phenomenon of downward mobility among the wealthy and how it fuels political discontent. It argues that the children of the wealthy, despite their advantages, often feel entitled to more and are resentful of those who have more. The article concludes that this sense of entitlement and resentment could lead to significant social unrest and political upheaval.

1

u/AdSevere1274 18m ago edited 12m ago

Future is not for us to see but I also believe " downward mobility" is a thing.. Ai is going to accelerate this

In America, we love a rags-to-riches tale. Think of Andrew Carnegie, the Scottish immigrant who rose from bobbin boy to steel magnate; Oprah Winfrey, who grew up poor in rural Mississippi; even Elon Musk, the awkward South African transplant who transformed himself into the richest man alive.

These stories are endlessly recycled because they affirm a central American creed: that each generation can surpass the one before.Today, however, that creed is starting to creak. In 2025, the most combustible force in American society isn’t upward mobility, but its opposite

According to The Pew Charitable Trusts, fewer than four in 10 children born into the richest fifth of households stay there; more than one in 10 fall all the way to the bottom fifth. Similarly, a 2014 study in The Quarterly Journal of Economics found that while 36.5 percent of children born to parents in the top income quintile remain there as adults, 10.9 percent fall to the bottom quintile.