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Because having some degree of runway is almost always necessary but never sufficient. Thousands of Americans receive similar amounts of money from their parents
by chongli 2y ago
Because having some degree of runway is almost always necessary but never sufficient. Thousands of Americans receive similar amounts of money from their parents in the form of inheritance of the family home and other major assets. Only one took windfall of that size and created Amazon.
- concordDance 2y agoThe "necessary, but not sufficient" is unintuitive to most people. Billionaires who come from working class families are almost unheard of, but probably more than half the self made (for a definition, something like multiplied familial investments by at least 100x maybe?) billionaires come from upper middle class families. I wonder if they are actually more likely to come from upper middle class (where parents are highly paid professionals) than the proper idle rich or even CEOs and company founders...
- djtango 2y agoYes... Like Taylor Swift To my mind, Joe Rogan is the most recent embodiment of the American dream which is why I think he is so popular
- 77pt77 2y ago> To my mind, Joe Rogan is the most recent embodiment of the American dream Look how that turned out... Maybe the dream is more like a nightmare.