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re: President* Biden: For a long time, this economy has worked great for those at the top!

Posted on 9/16/21 at 2:58 pm to
Posted by sabes que
Member since Jan 2010
10156 posts
Posted on 9/16/21 at 2:58 pm to
Do they? Not many people who inherit millions of dollars go broke, it’s almost impossible to do so. The money seriously makes money by itself, with zero work required.
Posted by USA Dan
Spanish Fort, AL
Member since Jul 2015
978 posts
Posted on 9/16/21 at 3:09 pm to
A very small fraction of millionaires inherited their wealth. Thats a myth.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 9/16/21 at 3:15 pm to
quote:

Do they? Not many people who inherit millions of dollars go broke, it’s almost impossible to do so. The money seriously makes money by itself, with zero work required.


Inherited wealth rarely lasts more than three generations, there is a long list of old money families that ran out of money. Those that inherited don’t value it as much as those that earned it.
Posted by Strannix
District 11
Member since Dec 2012
49059 posts
Posted on 9/16/21 at 3:16 pm to
quote:

Not many people who inherit millions of dollars go broke, it’s almost impossible to do so. The money seriously makes money by itself, with zero work required.


What's your point, is it just jealousy? Yiu understand someone else's wealth has nothing to do with the millions of poor dumb wards of the state
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