Hacker News new | ask | show | jobs
by vtlynch 3452 days ago
Your criticism is that there isn't a foul-proof way for the rich to stay rich forever?

Of course there are going to be major hurdles during total war and extreme regime change. That would be obvious to anyone who wasn't being disingenuous or thick-headed, or both.

Those circumstances have nothing to do with this discussion as its not a realistic threat for billionaires of today, especially in America.

The 2007-2010 crisis did not impact the billionaires. They are still billionaires.

2 comments

"Your criticism is that there isn't a foul-proof way for the rich to stay rich forever?"

The parent claimed that "the rich" have foolproof recipes to stay rich forever - they just need smart portfolio management.

So yes, my criticism is that that is false.

Crisis are good for billionaires. That's when they get to buy the assets cheap.