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by arjie 28 days ago
That’s actually a pretty good thing. Becoming a multi-millionaire is quite achievable in this country and if that means I provide a compounding ability to my kids to provide a large amount of value to a large amount of people and capture some amount of that, that’s a good thing.

Since 2/3rds of American billionaires are from industry, if it is true that their parents were multi-millionaires, that is wonderful. The fact that children here can take the platforms their parents build them and turn that into great value for the American people is a good thing and one of the reasons I am drawn to this country.

1 comments

You are drawn to the multi generational accumulation of wealth and power? The societal ill our founders were concerned about that's currently giving us a high grade fever?

Brings to mind a certain creature that thrives in festering wounds.. It's in the tip of my...

Yes, I'd rather people bequeath their wealth and power over the generations than they waste it in purely self-serving ways, such as by buying yet another luxury yacht. Of course many billionaires choose to donate much of their wealth to charitable pursuits as well.