Anonymous #1 1d

“earned” is very generous here when many people have “earned” their wealth by simply being born into it.

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Anonymous OP 1d

Define many. Do you have statistics?

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Anonymous #1 1d

Oxfam data suggests 60% of total billionaire wealth is derived from inheritance, monopoly power, or crony connections. This 60% does not those that were born in upper middle class and “rich families” (doctors/lawyers/etc), so if we’re including that the percentage is likely much higher.

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Anonymous OP 1d

Even people count Jeff bezos as “self-made” even though he received a >$200,000 from his family. Its very rare to see someone completely self made in the sense that they used their own funds to kickstart a business and become a billionaire.

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Anonymous OP 1d

The Oxfam stat you’re using is global. You’re including the British royal family, Putin, etc. It says very little about the American economy, and even still suggests that a minority (36%) of billionaires inherited their wealth.

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Anonymous OP 1d

Amazon was worth over $4 million when his parents invested their entire retirement fund in his business. He actually tried to convince them not to do it.

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Anonymous #1 1d

Im not sure why you dont think we should use the global stat? The royal family are still billionaires under classical capitalist systems. It just depends on how you define self made, most people define it as using the tools that are available to the average person, and most americans dont generally have 200,000k to start with.

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