Parental sacrifice alone cannot produce wealth without compounding lucky breaks

Evidence

Writing this book made me so aware of how much luck plays a part in everyone’s financial success. My lucky break came from being born to James and Dottie Brown. Not just because they sacrificed for me—lots of black parents sacrifice for their children, and their children do not have the financial success I have—but also because they were lucky, too. — Dorothy A. Brown, The Whiteness of Wealth, 569

Categorization

• QUESTION: Likely near end of book — wonders whether she offers any structural prescription alongside this luck framing.
• XREF: connects to: Naming intergenerational luck undermines belief that wealth comes from merit alone — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 541; Sacrifice itself can generate the value of its goal — Georg Simmel, on individuality and social forms_…, 242; Economic value arises only through sacrifice and exchange — Georg Simmel, on individuality and social forms_…, 245 (+1 more)
• yield-rescued: below the book’s yield-target cutoff, included anyway for connecting to: Naming intergenerational luck undermines belief that wealth comes from merit alone — Dorothy A. Brown, The Whiteness of Wealth: How the Tax…, 541; Sacrifice itself can generate the value of its goal — Georg Simmel, on individuality and social forms_…, 242; Economic value arises only through sacrifice and exchange — Georg Simmel, on individuality and social forms_…, 245 (+1 more)

Broader Connections

• Economic value arises only through sacrifice and exchange #complicates (0.78) — Georg Simmel, on individuality and social forms_…, 245
• Sacrifice itself can generate the value of its goal #complicates (0.75) — Georg Simmel, on individuality and social forms_…, 242