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re: The Wealthy in Florence Today Are the Same Families as 600 Years Ago
Posted on 5/21/16 at 4:44 am to SlowFlowPro
Posted on 5/21/16 at 4:44 am to SlowFlowPro
If the US is still around in 400 years, you will be able to say much the same thing. The wealthy will still be wealthy.
However, at least here, one can move up and become wealthy. So I would expect that in 400 years, the list of wealthy families will be larger than it is today.
However, at least here, one can move up and become wealthy. So I would expect that in 400 years, the list of wealthy families will be larger than it is today.
1
Posted on 5/21/16 at 5:28 am to LSUFanHouston
Ok let's say every dollar in the US was distributed evenly to any person over say...18yrs old. How long do you think it would take for the same families that were rich to become rich again/the poor to become poor again? It wouldn't be 100% the same but I bet it would be incredibly similar. Some value education, hard work, and most importantly are smart with their money and some aren't. Everyone has a relative that every time they get some money wastes it on something stupid. When I worked at a bank years ago I always laughed at the people who would put some money into a CD or something similar that got a small interest rate. Yet they owed thousands on credit cards pushing 20% and paid the minimum due.
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