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In Reply to: Economics: generational super-wealth: It's a caste system, let's be clear. posted by tinear on January 8, 2021 at 14:47:22:
Most of the mega billionaires make their own money. As far as generational wealth, about 70% of wealthy families lose their wealth by the second generation, and 90% do by the following generation.
BTW: Soros, the Koch Bros., Gates, Bezos, Zuckerberg, Dorsey, Musk and others did not start out super rich.
Get over it tin.
-Rod
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Follow Ups
- Are you jealous? - Rod M 01/8/2117:18:58 01/8/21 (46)
- That must be... - b.l.zeebub 04:22:09 01/9/21 (3)
- How to lie with statistics - E-Stat 08:26:13 01/9/21 (2)
- "How to lie with statistics" - John_the_Scot 08:42:37 01/9/21 (1)
- RE: "How to lie with statistics" - E-Stat 08:47:05 01/9/21 (0)
- Congratulations! - tinear 19:09:07 01/8/21 (7)
- RE: Congratulations! - Rod M 19:43:58 01/8/21 (6)
- I do wish you'd quit opining and use fact. - tinear 07:07:46 01/9/21 (1)
- Rigged system - Vegman70 08:21:37 01/9/21 (0)
- I tend to agree with you... - dark_dave56 03:56:24 01/9/21 (2)
- So you actually agree with me. If the only reason they're taking up - tinear 07:14:58 01/9/21 (1)
- "So you actually agree with me"... - dark_dave56 06:08:49 01/10/21 (0)
- +100 - double28 00:43:36 01/9/21 (0)
- RE: Are you jealous? - RGA 18:51:38 01/8/21 (17)
- What a steamy pile of... - E-Stat 08:34:18 01/9/21 (11)
- RE: What a steamy pile of... - RGA 00:06:55 01/10/21 (10)
- Sorry - E-Stat 12:47:01 01/10/21 (9)
- RE: Sorry - RGA 21:29:55 01/10/21 (8)
- Uh, no - E-Stat 06:31:36 01/11/21 (7)
- RE: Uh, no - RGA 19:15:24 01/11/21 (6)
- RE: Uh, no - E-Stat 05:59:20 01/12/21 (5)
- RE: Uh, no - RGA 18:44:59 01/12/21 (0)
- Let's pretend - Inmate51 08:17:09 01/12/21 (3)
- RE: Let's pretend - RGA 04:01:11 01/14/21 (0)
- RE: Let's pretend - E-Stat 08:21:53 01/12/21 (1)
- RE: Let's pretend - RGA 19:05:15 01/12/21 (0)
- RE: Are you jealous? - hcman 20:49:40 01/8/21 (4)
- RE: Are you jealous? - RGA 00:28:45 01/9/21 (3)
- A couple more very good posts! - Chris from Lafayette 01:41:58 01/9/21 (2)
- I see the compliment and I object! :-) nt - tinear 07:16:23 01/9/21 (0)
- +1 - dee eye why 05:21:22 01/9/21 (0)
- Forget that...I want the Gubment to take their money and give it to ME - Dynobot 17:58:59 01/8/21 (1)
- You know, it IS their money. No government, no specie. nt - tinear 07:17:40 01/9/21 (0)
- Really! - E-Stat 17:51:49 01/8/21 (13)
- RE: Really! - b.l.zeebub 06:18:54 01/9/21 (9)
- Apparently... - E-Stat 08:14:59 01/9/21 (8)
- RE: Apparently... - Rick W 13:47:40 01/9/21 (7)
- Ok - E-Stat 14:01:30 01/9/21 (6)
- How many Germans do you know? When was the last time you spent time in Germany? - Rick W 14:25:03 01/9/21 (5)
- RE: How many Germans do you know? When was the last time you spent time in Germany? - E-Stat 14:48:32 01/9/21 (4)
- So I guess you don't know any Germans and haven't spent any time in Germany, eh? - Rick W 13:18:08 01/10/21 (3)
- Ok - E-Stat 13:57:37 01/10/21 (2)
- No, our founders didn't leave modern day Europe. - Rick W 17:55:51 01/10/21 (1)
- RE: No, our founders didn't leave modern day Europe. - E-Stat 05:45:26 01/11/21 (0)
- If I wasn't paying taxes, I'd surely have more... - Rod M 18:18:38 01/8/21 (2)