staringatclouds , 2 months ago @rbreich No billionaires are self made Their parents or grandparents speculated or gambled, usually with other people's money & got lucky Once they had enough to invest, the money grew exponentially This was then passed to their children who became today's billionaires They didn't work for their wealth, they were handed it on a silver plate We need to stop treating them as if they are some sort of hard working financial geniuses & start taxing them as recipients of unearned wealth
@rbreich No billionaires are self made
Their parents or grandparents speculated or gambled, usually with other people's money & got lucky
Once they had enough to invest, the money grew exponentially
This was then passed to their children who became today's billionaires
They didn't work for their wealth, they were handed it on a silver plate
We need to stop treating them as if they are some sort of hard working financial geniuses & start taxing them as recipients of unearned wealth