Quote from: 101100100110 on June 20, 2011, 09:04:13 PM

Sure, there are different reasons, but the biggest reason is this: at least half of the rich are rich because of inheritance. I'm not sure how ruthless or smart one needs to be to come chargin' outta that privileged uterus. Here's how it was in 1997: not much different today.

http://www.faireconomy.org/press_room/1997/born_on_third_base_sources_of_wealth_of_1997_forbes_400

Hey B26,

Thanks for the interesting link! I've been curious to see a breakdown like this and it's good to see some actual data to support what should be obvious to anyone who's been paying attention: It's the first $million that's the difficult part.

Now if only there were similar reports to confirm another suspicion -- that most all of the world's largest fortunes were built on fraud or other crimes -- the story would be a lot closer to complete.

Cheers,
- glassine

glassine

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