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Re:Once poor, always poor? by throwaway55421 on Monday December 27, 2021 @03:01PM (#29706172)
I don't think that's true at all really, there are like 500,000 millionaires in my town alone.

A billion is actually just a lot of money, there's a much more finite amount of room at the top.

All you need to do to make a million quid in the UK is get a 75th percentile job and save half of it. After a few decades you are now a millionaire. I mean, everyone can't do it, but it's not some unfathomable task.

In the US I imagine it's even easier. Your median income is lower but the top end is insane.

Re:Once poor, always poor? by angrais on Tuesday December 28, 2021 @09:59AM (#29714358)
>> All you need to do to make a million quid in the UK is get a 75th percentile job and save half of it. After a few decades you are now a millionaire. I mean, everyone can't do it, but it's not some unfathomable task.

I agree that it is possible, but it is sadly an impossible task for most. That's my point above: for those who have wealth it is easy to grow it. It takes money to make money.

My other point was that those who have a billion started with millions.