Disagree here. Some rich people make stupid decisions and get flushed out. It's very darwinistic.
But in general rich people are rich BECAUSE they are good at thinking about being rich.
Your point made sense until you mentioned wealth inequality-- but wealth inequality exists EXACTLY because rich people are good at thinking about being rich. These decisions may not be productive in terms of society -- but they generally favour growing or maintaining the status of "being rich".
I generally agree with you, and I could probably have chosen a better word than "stupid" (not a native speaker though). That's why I tried to clarify in my last sentence, that "stupid" in this context means that their decisions don't align with societies interests at large anymore. Kind of like "stupid" as in: a central planner would be stupid, if they applied those decisions when they actually had the goal of maximizing societies productivity and wellbeing.
But in general rich people are rich BECAUSE they are good at thinking about being rich.
Your point made sense until you mentioned wealth inequality-- but wealth inequality exists EXACTLY because rich people are good at thinking about being rich. These decisions may not be productive in terms of society -- but they generally favour growing or maintaining the status of "being rich".
No? Unless I misunderstood something.