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That breaks down pretty quickly, once you get past the idea that every single billionaire is a bad person. Becoming financially successful involves money-saving
by benatkin 6y ago
That breaks down pretty quickly, once you get past the idea that every single billionaire is a bad person. Becoming financially successful involves money-saving habits, and personally taking a hit goes against it. Many more are trying to elect a politician who would tax them more, than are trying to simulate the effect with their own money. Many donate to charities but it's something like health or the environment, not the financial stability of local middle-class people.
To see how deep money and time-saving habits run, watch this documentary about Warren Buffet, where he goes to McDonald's and gets a cheap meal. https://www.youtube.com/watch?v=PB5krSvFAPY https://www.youtube.com/watch?v=PB5krSvFAPY (3 minutes in)
- jeffbee 6y agoA significant fraction of billionaires "became financially successful" through nothing more than the deaths of their ancestors. The idea that a saving habit contributes to financial wealth, rather than is simply associated with it, has no basis in research.