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I think if you studied it, you'd find that most people who start out with a lot of money, end up with less, not more I don't have any hard proof to cite right
by biohacker42 17y ago
I think if you studied it, you'd find that most people who start out with a lot of money, end up with less, not more
I don't have any hard proof to cite right now, but I have a gut (Steven Colbert like) feeling the history of capitalism proves you wrong.
When you have enough money to live off it while it still grows even with only hyper conservative investment, I think most of the time you die with more money then you started with.
- DanielBMarkham 17y agoIf I remember correctly, the stats show that the rich get richer as a quintile of income, not as individuals. That means that the top 20 percent or so is getting way richer as time goes on, but not necessarily that individuals stay in that top 20 percent. In the states at least, they move around from bracket to bracket quite a bit. You might be in the top few for 20 years, then be at the bottom. Or start at the bottom and move into the middle. As stats, the rich get richer, but as people, everybody seems to have the chance to change their lot in life. (or life changes it for them, depending on how you view it) There are lies, damned lies, and statistics.