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Some 20% of US billionaires grew up poor, or at least without well-off parents. 60+% were upper middle class or below. So, I think we can note that they've crea
by randallsquared 5mo ago
Some 20% of US billionaires grew up poor, or at least without well-off parents. 60+% were upper middle class or below. So, I think we can note that they've created enough value for the rest of us and deserve to keep the fraction of that value that they were able to negotiate.
- nullocator 5mo agoWhat is the demographics breakdown on those statistics? How much is old vs new wealth vs generational wealth? A lot has changed in the U.S. in the last 20-40 years. Also I'm not really convinced that the existence of individuals with over a billion dollars in wealth is a net positive for society or really anyone except that individual.