Re:Capitalism and Inequality
by orthecreedence on Wednesday January 23, 2019 @12:49PM
(#18980557)
> It might be because he's lucky
Yes, this is it.
People do not become billionaires through sheer determination and leveraging opportunities. They are in the right place at the right time (and often have a pool of capital already), and that is 90% of it. The last 10% is hard work, taking risks, and foresight.
"Rags to riches" is a story we're told so we believe that any of us can climb to the top when, really, it's a way to placate people who have nothing, and not just that, but to enlist them in unbending support for those who have everything (because, one day, THEY might be the billionaire).
Yes, this is it.
People do not become billionaires through sheer determination and leveraging opportunities. They are in the right place at the right time (and often have a pool of capital already), and that is 90% of it. The last 10% is hard work, taking risks, and foresight.
"Rags to riches" is a story we're told so we believe that any of us can climb to the top when, really, it's a way to placate people who have nothing, and not just that, but to enlist them in unbending support for those who have everything (because, one day, THEY might be the billionaire).