> On the plus side, they're more likely to be well educated
Academics are much better educated , but they have molded the academic system in a way that it is dangerous to talk about certain things. I dont think rich people are particularly educated or smart, but their wealth attracts smart and educated people, while being relatively shielded from demonetization.
> I dont think rich people are particularly educated
Maybe you need to recalibrate what "not well educated" means. Rich people might not all have advanced degrees, but the vast majority have at least some college (even if they dropped out). Compare that to the approximately 1/3 who have never attended even a community college, some barely or not even making it through high school. Thinking that a bachelor's doesn't qualify as "well educated" is exactly the kind of bubble I was talking about.
Academics are much better educated , but they have molded the academic system in a way that it is dangerous to talk about certain things. I dont think rich people are particularly educated or smart, but their wealth attracts smart and educated people, while being relatively shielded from demonetization.
The confounder is not education, but being rich