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There are 13,000,000 millionaires in the world. They have children. A representative distribution of them create more wealth with the resources they already ha
by ringaroundthetx 9y ago
There are 13,000,000 millionaires in the world.
They have children. A representative distribution of them create more wealth with the resources they already have which can have a disproportionate impact than the same distribution of attempted wealth creators that start off with less.
Did that really need to be spelled out?
- Y7ZCQtNo39 9y agoCNBC [1] says there are 10.8 millionaires in the U.S. alone. 13 seems a little low for the total worldwide count. [1]: https://www.cnbc.com/2017/03/24/a-record-number-of-americans-are-now-millionaires-new-study-shows.html https://www.cnbc.com/2017/03/24/a-record-number-of-americans...
- ringaroundthetx 9y agoalso not the point, this is about a representative sample of the population having the same entrepreneurial tendencies as any other segment of the population and having disproportionate impact from starting off with more, or having so many chances to fail with little consequence. The survivorship bias will lean towards those that can survive financially longer without taking decades of their life to recoup losses and stability.
- Y7ZCQtNo39 9y agoI think getting the facts right is important. If the number of millionaires is "not the point", why even include the figure in a comment in the first place?
- ringaroundthetx 9y agobecause I could have put a tilde, or the source I used, and its not important when we hit these ranges of number relative to the population. The message is more important. The figure is for perspective. Your problem only revealed that the number was too low, which only strengthens the actual message. Thats very unproductive and not healthy.