Question: What do the wealthy people do with their fortunes?
Hint: They’re not letting it sit idle in their savings account.
Hint: They’re not letting it sit idle in their savings account.
I agree with you, that some of the money is being reinvested and "average" people benefit from it. The statistics however are speaking against you. The rich are getting richer and the poor are getting poorer in nearly all first world countries. Trickle-down economics don't work.
Stop being jealous— what someone else has doesn’t affect you. You can still create your own wealth.
Who said anything about high IQ? You think kids who inherit their parent's money have high IQs?
>However, some janitor’s kid could become a millionaire if he can execute on good ideas.
He could win the lottery too.
>Some milkionaire’s kid
Freudian slip.
>what someone else has doesn’t affect you.
Maybe so, maybe not, but if I have something a rich kid wants, like say a software idea, they can easily ruin me through lawsuits.
>can become broke if she doesn’t manage the money well.
Yes, but I'll bet bad choices from a millionaire's kid has a less likelihood of ruin than bad choices from a janitor's kid.
Meanwhile, some millionaire's kid is also unlikely to end up broke even if they criminally mismanage (see current POTUS as a prime example)