Comment by reshlo
1 month ago
People who end up leading successful companies are often able to do so not because they’re more willing to take risks than others, but rather because they have experienced more good luck than others. Take Bill Gates, for example. His parents sent him to an exclusive private school, which afforded him regular access to computers from an early age, giving him valuable experience that most others his age could not access, through no fault of their own. Microsoft was able to make a crucial business deal with IBM because Gates’ mother knew the CEO. Someone else with equal skill and appetite for risk would have found it much more difficult to be as successful as Gates was, because their parents were likely not rich and not connected to the right people.
Luck is always going to play a role. No one has ever said that life is fair, and no system is based on life being fair. One of the many reasons that progressive taxation is justified.