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How does the fact that 70% of wealthy families lose their wealth within 3 generations gel with wealth being lost to other rich people? That doesn't logically ma
by b9a2cab5 5y ago
How does the fact that 70% of wealthy families lose their wealth within 3 generations gel with wealth being lost to other rich people? That doesn't logically make sense. If that was the case then there would slowly be ever fewer rich people who become ever richer. But if you look at the richest people in the world that isn't the case.
- amcoastal 5y agoBecause the rich that arent losing their wealth are getting richer at ridiculous rates? And where is that money coming from?
- b9a2cab5 5y agoIf what you're saying is true we'd see the number of rich decrease exponentially. That is objectively not the case. > Where is that money coming from? Not sure what you mean by this?
- WalterBright 5y ago> where is that money coming from? They're creating it. Wealth is not a zero-sum game.
- TheGigaChad 5y ago
- sp332 5y agoIf you own several similar assets, and sell one for a large profit, it brings up the value of the others on paper. Stock shares for example.