I would actually presume it’s true.
Realize that this also implies that the middle and lower classes do worse under socialized society.
The degree of socialism has only increased in this country since 1979.
Even though socialism and communism tout that they improve the lives of lower classes by making things “financially fair”, that is just a b.s. marketing plan.
What really happens is that gov’t gets more and more of the public’s money and that money is doled out as the gov’t sees fit, not the people.
The corruption that ensues actually makes things economically worse for the lower class, in stark contrast to the stated purpose of the collectivist.
-——I would actually presume it’s true.——
wealth is a function of effort ...... laziness yields poverty or at best lower income.
Failure to be educated is a result of laziness and yields low wealth. A choice made to be lazy is hard to overcome and compounds with time
When I was a kid every gas station was full service. That tells me that there must have been a much greater profit in owning a gas station prior to 1970.
Gas station owners didn’t suddenly become greedy and decide to pocket the money they were paying guys to pump gas. The gas station attendant disappeared because the profit was choked out of the industry. These days, gas stations make virtually no profit off gas and the only reason they have it is to draw customers into the store part of the business.