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"I suspect majority of the people who are technically "rich" as you put it have either inherited wealth or opportunity in life" If you listen to "The millionai
by forgottenpaswrd 16y ago
"I suspect majority of the people who are technically "rich" as you put it have either inherited wealth or opportunity in life"
If you listen to "The millionaire next door" you will find +80% of the rich in America got their money working hard, are on their fifties, savers, and don't look rich(don't need to spend too much for living).
I could confirm that on Spain. I have known many rich people here, their children... that is another history, dad and mom use to not want their children to work as hard as they did.This is universal.(I have seen parents who had very little money spend on their children enormous quantities of money).
I agree big companies are getting too big, the excuse was the synergies. I don't like it(I consider the government the biggest company of all). They become mammoths that are to sustain at the expense of everyone else(too big to fail).Look at GM, they declare profit of 1,5B$ from the 50B$ they got, GM does money in the financial market with your money, not making cars!!
- neilk 16y agoPeople are quoting "The Millionaire Next Door" on HN? This community has gone to hell.