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U.S. society has rapidly moved, over the past 30 to 40 years, from a society where winners are mostly self made, to one where they are mostly born with this attribute.
U.S. society has rapidly moved, over the past 30 to 40 years, from a society where winners are mostly self made, to one where they are mostly born with this attribute.
I don't know if i can agree with this. between death tax and inflation it ensures a fortune can't exist for more than a few generations.
If you look at the richest people in the country their all self made, or first generation. bill gates, warren buffet, the walmart family is 1st generation money, google brothers, the list goes on and on. i was hard pressed to find any old money in there. That's just the very richest though. i havn't looked at the average rich person that is the top 1%.
I don't know if you care about this sort of thing. the trend here is that the richest people in the country are founders of iconic companies that have "gone public". Different from the highest paid occupation in the country, which is a hedge fund manager.
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What rates? 
