Man, I wish the poor would stop whining...Follow

Without a doubt. But money earned on money he invested that he gained through inhertiance is not considered inherited money. Would he be rich if he didn't inherit the money. Of course not. It goes back to the old saying "It takes money to make money". The point Smash is arguing with me is that inherited money is on the decline as far as percentage of the top income bracket goes.

The point was made that it was easier for them to make money because they inherited it, and I don't argue with that.

Um Smash, isn't that agruing what I said?

Which one of those two points are you agruing?

Which one of those two points are you agruing?

I'm arguing exactly this:

There is a threshold inheritance range which virtually guarantees wealth. The further one is from that range at birth, the less likely one will be wealthy as an adult. The closer one is to that range, the more likely one will be wealthy as an adult.

The odds of ending life with a net worth of over 10 million 2008 US Dollars when starting with zero inheritance are virtually zero.

The odds of ending life with a net worth of over 10 million 2008 US Dollars when starting with an inheritance of 1 million 2008 US dollars are about 50/50

NO OTHER FACTOR, be it intelligence, work ethic, race, gender, ethnicity, etc. even vaguely approaches the importance of starting inheritance in determining financial success in the US.

That's not all I learned. I learned that I am poor, and not likely to die with 10 million dollars.

I never tried to refute any of those points.

Your right, you didn't. Sorry.

I conflated you with the other subdefault poster.

No hard feelings.

Pie, and slices thereof.

Actually it all started out with "not all rich people are bad", which led to "no, but their wealth is still based on exploitation."

I just told you!

I always wondered what happened when I waived that magic wand I found....

/smacks himself in the forehead

DOH!!!
lol

I have learned that the violence is inherent in the system.

BWAHAHAHAHA!!!!


The relative prosperity and living standard of the working classes in the developed world is largely due, not to capitalism, but to forces that actively work to restrict capitalism's excesses, such as labor unions and socialist government. A rising tide does NOT lift all boats on its own.

P.S. I hope that, unlike most of my fellow Americans, you can appreciate the fact the Marx was not a socialist; he was an anarcho-communist, which is a VASTLY different animal.