5 ms·
> I might get downvoted for saying this, but rich people aren't necessarily smarter than anyone else. They're just richer. You'd have to be an idiot to think o
by MegaButts 5y ago
> I might get downvoted for saying this, but rich people aren't necessarily smarter than anyone else. They're just richer.
You'd have to be an idiot to think otherwise.
- deleted 5y ago[deleted]
- missedthecue 5y agoIf you did intelligence tests on 1000 American centi-millionaires and 1000 randomly selected Americans, do you think the difference in scores would be undetectable?
- thr0wawayf00 5y agoYes, because a tremendous amount of wealth is inherited. The idea that the vast majority of wealthy Americans are self-made is a myth.
- missedthecue 5y ago80% of US millionaires are first generation. https://www.washingtonpost.com/wp-srv/style/longterm/books/chap1/millionairenextdoor.htm#:~:text=Again%2C%20most%20American%20millionaires%20today,)%20are%20first%2Dgeneration%20rich https://www.washingtonpost.com/wp-srv/style/longterm/books/c....
- nsv 5y agoBig difference between millionaire and centi-millionaire or billionaire though. You can save a million dollars just by making the median American salary and making large contributions to your 401k over 40 years, due to the power of compound interest.
- deleted 5y ago[deleted]
- webmaven 5y ago> 80% of US millionaires are first generation. Apples and oranges. Most of the wealth is not most of the wealthy people.
- majani 5y agoInheritance doesn't start and stop at money. There are other inherited traits that may influence the scores of the people in the study.
- speleding 5y agoIntelligence is hereditary too, in large part, so that would lead to the opposite conclusion right?
- thr0wawayf00 5y agoI look at how the ultra-wealthy are lionized in the US and genuinely wonder sometimes. It's amazing what we'll let those people get away with because we too want to join the exclusive club of high net worth individuals.
- worik 5y ago> I look at how the ultra-wealthy are lionized in the US and... I look at the ultra-wealthy make a diagnosis of obsessive compulsive disorder
- brimble 5y agoI sometimes wonder how much the fact that I'd stop trying to make more money at like $25m savings—and maybe sooner—is a factor in my not having that much money in the first place. Like I'm not saying that's all or even most of the reason, but I do wonder if the running-up-the-score attitude is itself valuable for making any decent amount of money in the first place.
- qnsi 5y agowhat do u need 25mil for? Seems arbitrary. With 7.5m u can have 300k/y income from stock invested without lowering your net worth. Seems more than enough for anyone
- brimble 5y agoYeah that's why I threw in "maybe sooner". $25m is a bit arbitrary but is also somewhere around the point at which I'd have to start trying to waste money before I'd risk touching principal. That's "never think about money again, even a little" territory, for me (but then I don't want a yacht or any of that), so at the top end of the range in which I could see myself deciding never to work again. Also, $7.5m is still low enough to be threatened by healthcare costs and end-of-life care and such (x2 for a couple, plus if a kid gets very sick before they're out, or even after but you don't want them to be ruined by it, et c). Not enough to wipe it out, probably, but enough to diminish it substantially if you get a bad roll of the dice. I wouldn't even need that much to stop having any motivation to try to make more, if I lived somewhere with decent universal healthcare where having your savings eaten by the healthcare/hospice-care industry is practically unheard of.
- gumby 5y agoThe majority of people world wide are, by that definition, idiots.
- floodyberry- 5y agoYou're literally on the "rich people are better than" site
- deleted 5y ago[deleted]
- irthomasthomas 5y agoJuicero Theranos ZERA food recycler Nikola electric truck What are your favourites?
- danjac 5y agoRe: Theranos - to give Henry Kissinger and the other very old rich guys the benefit of the doubt, perhaps Elizabeth Holmes is just a Bene Gesserit using the Voice to get them to hand over their money?
- elkos 5y agoHonestly I can't even fathom trusting my hard earned money to a person that doesn't blink.