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At 12/20/12 04:33 AM, thedo12 wrote:

At 12/19/12 11:40 PM, SmilezRoyale wrote:
There's plenty of evidence that IQ correlates with life outcomes as much as if not more than socio-economic status.

Note I said IQ, not Intelligence. IQ Does not measure intelligence any more than a bench press measures strength. IQ Measures whatever IQ measures. What makes IQ Significant is that it is also generally accepted that IQ is a highly heritable trait, I.E. above average IQ parents tend to produce above average IQ offspring.

Charles Murray makes a rather interesting argument that because people are now choosing their partner more and more on the basis of intellectual attainment [i.e. marrying people they meet in college rather than in their neighborhoods], you will see a kind of biological stratification that will keep income inequality entrenched.

That Higher IQ tends to allow you to have a higher income does not mean that someone with an IQ of 160 will necessarilly earn more than someone with an IQ of 125, I'm sure there are other psychological traits [also likely heritable] that increase or decrease one's likelihood to become in the upper income strata.

I know one such behavior is time preference. The more forward thinking you are, and the more willing you are to defer present consumption for the sake of greater future consumption, the higher the likelihood that you will earn more than your peers.

That said, that there is a heritable element to wealth acquisition does not mean non-heritable elements ought to be ignored, any more than would the opposite be true.

Actually its pretty interesting although IQ dose correlate with high income, it doesn't correlate with how likely your business is likely to be. Entrepreneurs with average IQs are just as likely to succeed as Entrepreneurs with high IQs. So the whole high IQ = high income is mainly based off of increased ability of the jobs there able to do that lower IQ people can't and how much better they do at there job then lower IQ not how great they are at starting a business.

Not only that, but if anything I see a high IQ having a better chance at blocking chances for one to be really rich, since High IQ parents would be more likely to meet in college, urge their children to go to college, and get careers that limit how much you earn. Yes, it would be higher income, but not a rich income. That's the double edge sword of a business; it can make you rich, or it can break you poor, or simply leave you in the middle.

At 12/20/12 05:14 PM, Revo357912 wrote:

Actually its pretty interesting although IQ dose correlate with high income, it doesn't correlate with how likely your business is likely to be. Entrepreneurs with average IQs are just as likely to succeed as Entrepreneurs with high IQs. So the whole high IQ = high income is mainly based off of increased ability of the jobs there able to do that lower IQ people can't and how much better they do at there job then lower IQ not how great they are at starting a business.

Not only that, but if anything I see a high IQ having a better chance at blocking chances for one to be really rich, since High IQ parents would be more likely to meet in college, urge their children to go to college, and get careers that limit how much you earn. Yes, it would be higher income, but not a rich income. That's the double edge sword of a business; it can make you rich, or it can break you poor, or simply leave you in the middle.

Well I'm not talking about the top 1%, I'm really talking about the top 25%. The upper middle class, or as Charles Murray calls it, the super-zips.
Though I do think that there likely isn't a single person in the top 1% [Barring inheritance] that isn't on the right side of

I remember an investor saying that the future will divided between two classes, the upper class who tells computers what to do, and the lower class that gets told by computers what to do.

At 12/20/12 04:33 AM, thedo12 wrote:

At 12/19/12 11:40 PM, SmilezRoyale wrote:

That said, that there is a heritable element to wealth acquisition does not mean non-heritable elements ought to be ignored, any more than would the opposite be true.

Actually its pretty interesting although IQ dose correlate with high income, it doesn't correlate with how likely your business is likely to be. Entrepreneurs with average IQs are just as likely to succeed as Entrepreneurs with high IQs. So the whole high IQ = high income is mainly based off of increased ability of the jobs there able to do that lower IQ people can't and how much better they do at there job then lower IQ not how great they are at starting a business.

Sorry I didn't see this the first time.

Entrepreneurship is probably not very well related to IQ, or at least the aspects of cognitive ability that IQ tests tend to measure. However since most people are not self-employed and most people do not [and in all likelihood could not] start their own businesses, the fact that having a high IQ opens up jobs to you that would otherwise be impossible is of relevance.

Unfortunately people are simply not prepared to talk about the effect heritable traits could have on inequality. To them it's nothing but racist-pseudoscientific-blasphemy.

At 12/24/12 01:30 AM, SmilezRoyale wrote: Unfortunately people are simply not prepared to talk about the effect heritable traits could have on inequality. To them it's nothing but racist-pseudoscientific-blasphemy.

Not at all. I have always put forth that there is a large segment of the population, of all races, that just does not have the intellectual depth, stregnth, endurance, and/or gusto to handle a high end job. I know a good amount of this is caused, or at least aided by environment, but there is a large genetic component to this.

I am not one of those who believes that all people can do the hard jobs (By hard jobs, I'm not talking about the NSA code cracking certified genius job, I mean professional jobs such as accountant, doctor, engineer, lawyer, high level businessman, and so on). However, I do know that there are a lot of people who arenlt in those jobs who could definitely handle them competently, and there is a smaller, but still noticeable, group in those jobs that is just not intellectually competent for the job they have.

At 12/24/12 10:58 AM, Camarohusky wrote:

At 12/24/12 01:30 AM, SmilezRoyale wrote: Unfortunately people are simply not prepared to talk about the effect heritable traits could have on inequality. To them it's nothing but racist-pseudoscientific-blasphemy.

Not at all. I...

Wasn't referring to you explicitly. But just look at the way that people treat a book like the bell-curve.