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So your friends didnt grow up to prosper because they were in a gang..
And somehow its MY fault because I pointed that out to you
I wouldn't drive through Chicago anytime soon and if you must don't get out of the car whatever you do! We've seen what happens to people who try to help.
And I'd like to think most people can, but...to be honest there was a lot of luck for me-and hard work, and getting here cost a lot more then I thought it would. Marriages "you're always working" kids "you're gone overseas all the time". etc. Heck I was a nerd before that was good....made for a challenging high school.
I think most everyone that hits the 1% works hard. The guy owning a pizza place? Yup working hard. The guy running his own construction business? Same. after that it gets murkier. With inherited wealth becoming more common (6 of the top 10 in the us for wealth is inherited), and I suspect that numbers going to keep getting larger. Being lucky in the birth lottery matters.
Although a number of the top 0.1% inherited their wealth (for example the Walton sisters), they have been on that list forever. The rest of these people built companies over a long period of time. Look at the Forbes 400. There are some incredible business people on that list - Gates, Buffett, Ellison, Bezos.
No, they are going to put that $100M in the bank which gets loaned back out into the economy to build a car company which provides jobs and makes it cheaper for you to purchase products.
You do realize that trying to explain the fact that invested capital enables the creation of jobs, etc., is way over their heads, no? Apparently, they think "the rich" are just sitting on piles of idle cash that hasn't been reinvested in the economy for the purposes of economic and jobs growth.
You do realize that trying to explain the fact that invested capital enables the creation of jobs, etc., is way over their heads, no? Apparently, they think "the rich" are just sitting on piles of idle cash that hasn't been reinvested in the economy for the purposes of economic and jobs growth.
Very true and Obama and Democrats know that people are financial illiterates. That is one of the reasons they are poor so Obama is taking advantage of their lack of knowledge. Only the illiterates are living in la la land thinking Obama actually gives a damn. They don't realize that government can never care about individuals.
You do realize that trying to explain the fact that invested capital enables the creation of jobs, etc., is way over their heads, no? Apparently, they think "the rich" are just sitting on piles of idle cash that hasn't been reinvested in the economy for the purposes of economic and jobs growth.
If investing in the stock market created jobs, then we would have a record high amount of jobs right now, since the Dow is at record highs.
But it's easy to ignore facts for the delusional.
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