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F. George McDuffee F. George McDuffee is offline
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Default Tom Gardner Runs Ohio Brush Into The Ground

On Fri, 12 Dec 2014 05:47:09 -0800 (PST),
wrote:

snip
As a result you claim they suck? How is that? Because they've gotten good =
results from being responsible?

/snip

There are at least two classes of millionaires. Those who
have grown their wealth, and those who have inherited their
wealth, or "lucked" into it, for example winning the
lottery.

It is entirely possible those who have inherited their
wealth become involved in the family business, or actively
manage their wealth (and indeed many do), but in many other
cases they become rentiers*, with their wealth under
"professional" management, i. e. they join "the beautiful
people**" club.
*
http://tinyurl.com/b2bo7dn http://tinyurl.com/p54z3d2
** http://tinyurl.com/2pkvtr http://tinyurl.com/k7ngc8g

We are discussing two very different groups, with the only
common factor being ownership of a large concentration of
wealth/assets.

The typical behavior and world view of these two groups are
very different.


--
Unka' George

"Gold is the money of kings,
silver is the money of gentlemen,
barter is the money of peasants,
but debt is the money of slaves"

-Norm Franz, "Money and Wealth in the New Millenium"