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General Parenting Discussion
Reply to "What is a greater leg up? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Kushner perfect example of an idiot born into a filthy rich family [/quote] Corrupt too. Jared’s father went to jail for tax evasion and witness tampering. Jared is following his father’s footsteps where he puts money above all else. Trump same thing. His father was a draft dodger just like Jr. Trump Sr was a racist pig who was arrested twice , once for being a slum lord and once for being with a group in Queens marching with the KKK in 1929. The Bushes and especially the Kennedys were a mixture of good and bad. These are not good role models. [b]Most billionaires are self made and did not inherit a family business like Kushner and Trump.[/b] Most started a business and became successful through hard work, intelligence, determination, and never giving up. Certain traits give you a leg up. Money will help the regular kids to reach their potential by buying the tools necessary. [/quote] BULL SHITE. This is how the perpetuate the American Dream when the data shows that billionaires almost always come from rich/UMC families. Entrepreneurship requires risk. Risk requires a net. There are quite a few who have actually been poor but a significant portion have family money, support, connections, etc. [/quote] Forbes Magazine While many of the world’s billionaires inherited their wealth, nearly 70% of the newest names on this year’s list are self-made, meaning they founded or cofounded the company that made them their billions. The newcomers include 73-year-old Sulaiman Al Habib, founder and chairman of Saudi Arabia hospital group HMG, as well as Scale AI cofounder and CEO Alexandr Wang, the list’s youngest self-made billionaire at just 28 years old. The American billionaires are more likely to be self made. Here are Top billionaires that did not inherit their business….. Larry Ellison who grew up working class. Mark Zuckerberg grew up upper middle class. [b]again UMC. opens opportunity doors and exposure, parents were psych and dentist, invested in by Peter Thiel[/b] Jeff Bezos born to teenage parents grew up working class. [b]FFS his step dad worked at Exxon. His parents gave him 1/4million dollar loan to start amazon the equivalent of 1/2 million in 2024 dollars[/b] Warren Buffet grew up upper middle class started businesses at 11 years old [b]son of US congreesman and businessman nothing more needs to be said[/b] Howard Shultz (Starbucks) grew up in public housing Ken Langone grew up working class started businesses Allen Gerry (cable vision) grew up poor Kenny Troutt (Excel communications) grew up poor Plus many more. What some tech billionaires have in common are parents who were professors or tech savvy themselves. Entrepreneurs are comfortable with risk whether they have back up or not. Inheriting billions doesn’t make you an entrepreneur. A person with the rare combination of intelligence, work ethic, resilience, leadership, good communication skills can be a self made person. [/quote] A good portion of them have " family money, support, connections, etc especially the younger billionaires. You can see a thread in those in the 60-70 age range regarding opportunity. But with the condensing of American manufacturing, businesses, and others there are less opportunities for the type of wealth accumulated by poor people. Look at the ages at those who were poor and were able to become billionaires. Almost all of it happened in the 60-early 80s as far as creation of the businesses that built the wealth. Do you not see the difference between the landscape of now and then? I dont think we need to refer to inheriting businesses as the main exclusionary content to self-made. [/quote]
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