Me thick cut, me good at math
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Periodic reminder you do not owe your parents anything just because they are your parents. If you want to help them fine but they’re grown ass adults and you aren’t responsible for them.
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That’s something else I never said–only that it’s actually normal for older generations to have more money than people in their child raising years.
I don’t know why you continue either lying about or misinterpreting the simple things I write.
The problem is the idea of infinite growth capitalism.
There’s a TON of evidence that supports a different take.
Being rich or powerful makes you significantly worse as a person across dozens of different measures and 1000s of peer reviewed journals.
There was a calculator online a while ago (I can’t find it) where you could enter your networth and your income and work out what percentile you were globally or in your country.
What was really interesting was the mismatch between where I was on income vs net worth.
I.e. higher on income than on net worth.
The point here is that you don’t get rich by earning a salary. You get rich by owning stuff, often because you inherited that stuff from someone else who also owned stuff.
There are plenty of people who will be top 1% income their entire life and will never make it top 1% wealth unless they started out that way
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I truly think it would be trivially easy to become 1% wealthy in less than 10 years starting any number of businesses. If you have even a little capital a used car lot, if you don’t an HVAC or service business.
But really who the fuck wants to do that unless you’re a complete sociopath? Once again There Will Be Blood is the absolute perfect American film.
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This is special
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Lol
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Yeah that’s a top 1% odd post on this forum, for sure.
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The post kept getting better. I should have continued to read.
I can promise you this, the problem with America is not the average HVAC company owner although I’m sure there is a decent percentage of them that are scumbags.
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“Your Honor, it’s easy.”
“Motion denied, sit down”
“But, it’s trivially easy.”
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My rule of thumb is that when a software engineer says that a task is trivial, you should increase your estimate of how hard it is, often drastically.
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I think his point was that it takes a sociopath to become a billionaire (which I agree with)
Normal people who start a business may fail or do very well. But to build any business into a billion dollar net worth for yourself, you gotta indiscriminately screw over a ton of people along the way in addition to having zero life balance
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Even on a much smaller scale than billionaire, most communities around the country (and in Canada, this isn’t specifically a US thing) have a few families that become generational millionaires. I’m sure that some of them do it by offering good products and services at reasonable value, i.e the small business American Dream narrative. Others certainly do it through some form of fundamental corruption, i.e. being a sleazy car dealer that lies and misleads buyers in a car dependent society is definitely a path to being a millionaire without actually being a net positive to society. It’s more like a rent seeking role where your bad actions are not regulated or punished.
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Found some interesting factoids on inheritance here
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How is that surprising? Lots of people have some, but not a lot of money when they die, and someone inherits it. I got 5 figures and a used Honda CRV when my parents died.
Yeah, those local HVAC owners are mucking it up in the billionaire class
between 70% and 80% of households receive no inheritance at all.
This is higher than I would have guessed. Although based on the data source, I think this statistic might mean 70% to 80% of households right now haven’t received an inheritance. Some of them will eventually receive one when their parents die.
Lots of old people probably blow through their savings on end of life care, no money for the kids.
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