2 ms·
> We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year. Your proof? Most of the 'new entrants' actually
by fao_ 9y ago
> We have hyper-concentration of wealth now. Yet there are new entrants entering billionaire class every year.
Your proof? Most of the 'new entrants' actually have quite a wealth of already accrued money. For example, Jeff Bezos had a loan from their parents for 300k, which is equivalent to for 15 people's yearly salary