Billion dollar wealth isn't static cash . It's control of global enterprises either by the people who created the enterprise or investors perspicacious enough to have supplied the assets to create it .
Nonsense, most wealth is first generation created, as by the time grandkids get the money they blow it though incompetence, lack of discipline, and stupidity.
Wealth cannot be concentrated anyways, as it is is not a finite thing. It is created, and is i finite, so how much one person, or country has, has nothing to do wtih how much another person or country has.
Thanks for bringing reason to a sometimes emotional topic Chelsea.
Billion dollar wealth isn't static cash . It's control of global enterprises either by the people who created the enterprise or investors perspicacious enough to have supplied the assets to create it .
Or who inherit it, or who were lucky.
Nonsense, most wealth is first generation created, as by the time grandkids get the money they blow it though incompetence, lack of discipline, and stupidity.
Wealth cannot be concentrated anyways, as it is is not a finite thing. It is created, and is i finite, so how much one person, or country has, has nothing to do wtih how much another person or country has.
Look up the Hunt brothers . They were a good example of : if you are not competent , it will soon be gone .
Jay Gee.......You write : "Or who inherit it, or who were lucky."
What's the problem ?
You were born [ through no merits of your own ! ]...wasn't THAT a lucky inheritance ?
Again . What's the problem ?
Or are you just "ungrape-ful" like an ungrateful Capuchin Monkey ??
Looks like I struck a nerve there.
Chelsea ....I loved THIS PARTICULAR article........as I can now quote it
"lock , stock and barrel" to my contrary confreres ....no matter what view they previously held !
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This is good too : https://www.prageru.com/videos/as-the-rich-get-richer-the-poor-get-richer
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Regards , Trevor.
Man doesn't live on comfort alone. The pursuit of status dominates ... even among chimps. https://youtu.be/-KSryJXDpZo?si=wqnbKzXY42mrm1Du