this post was submitted on 28 Aug 2024
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Europeans don't care. they just want to complain.
P.S signed
Maybe they don't hate the rich?
Wealth, shown to scale
The question is: Why should I care?
is it fair being born with wealth that pays you a daily interest that others work for a whole month?
If this wealth was legitimately earned by your parents? Yes it is fair. Supporting your children is your sacred right.
Hey ho I have a paper for you
...note no skill required. Conversely, hustling won't get you there.
So we don't even have to hit millionaire kids. Inheriting 5-10 million a head is fine, systemically speaking. And if you think that your kids are better off with more money I sincerely feel sorry for you.
You didn't read that paper. From fast skimming I can clearly see that their simplified model didn't check for impact of skill at all.
It says nothing about real world except there's a wealth concentrating factor of being ahead. Other factors are ignored
Please explain how one legitimately earned 10 Million.
Usually by starting a company that produced valuable goods and services benefitting everyone and profiting off of it.
You can also gamble but thats by definition a losing game
sounds quiet unusual to be honest
I think it's the most common road to be a millionaire.
Microsoft - Bill Gates Amazon - Jeff Bezos Berkshire Hathaway - Warren Buffet CDProjekt - Adam Kiciński, Marcin Iwiński (They started from absolute nothing, bazar stand with bootleg software) TOYOTA - Akio Toyoda, branched out from family buisness in textile industry
Literally every single successful business made it's founder a fortune
LMFAO "the winners won". Any other tautologies you want to spout? "The losers lost" maybe?
Even if you had access to the capital, you'd most likely fail - because running a business is hard
For every Bill Gates or Bezos there are dozens if not hundreds who sunk the entire initial investment.
You hate survivors for some reason.
"valuable goods ... benefiting everyone" not on the cost of others is what's lacking here
If other people are buying what you produce, in almost every case you produce something valuable, and a person who buys from you benefits.
There are exceptions - drugs, weapons, slot machines ect.
But basically everything you see around yourself that was made by man, was produced by a successful business, and bought by somone who needed it.
you missed something when citing me
It's not on the cost of others, its a fair exchange. Both sides benefit
And the people in the middle? Sure, the people exploited for the production of those goods benefited a lot. The child forced to harvest coffee and chocolate really enjoyed the transaction.
It's fault of their governments