What You Believe Affects What You Achieve
You know what's worse than thinking you're not capable? Others telling you you're capable and despite your best efforts you fail to meet these expectations whether those reasons are within your control or not. This is putting a carrot on a stick in front of a lot of kids potentially and saying "you just need to believe you can do this and try real hard, gosh anyone can do it!"Expecting a person with severe learning disabilities that they can go work at a top HFT shop or a paraplegic that they'll be able to beat the world record for a 100 meter dash is the kind of goalpost that is being set for many children that are born disadvantaged. Bill Gates may have been studying what keeps the world's poor the way they are for a long time but there are a lot more factors that keep people down than just simply motivation.Part of why I haven't started a company yet is out of fear of kind of literally destroying my life and others around me. The sheer amount of work that you put into a company is one thing, and not having the closest people you know be supportive of the work you do puts you into a position where you must either be so secure that failure is not a problem or that you must succeed on a first try.Reid Hoffman's tips on when you DON'T want to start a company come to mind. Some of those criteria include "if you cannot get another job" or "you will put yourself in harm's way by doing so" (paraphrased, can't find the slides he had). So for the poor, despite having not much to lose in theory, they do have everything to lose in that their lives are all they can give up in the absence of capital or remarkable domain knowledge / skill advantages. Risk tolerance for the poor is actually very low thusly.