Everybody will take the second speed but is it possible? That's something that is bothering me, how many can achieve it? How can you create enough wealth in a fair world, where meritocracy is the base...
Not everybody, because it comes with a huge price tag in the form of opportunity cost. Will you retire at 55, or will you work until 70+ to give your kids a chance to reach the second stage? Is your time preference really that long? I'm coming to terms with the idea that I will have to work until I die, and that it is the only choice for me (due to various reasons I don't want to elaborate). I agree it is not easy to accept, because everyone would like to retire tomorrow... or even better, later today. :-)
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