Hear that everyone -- some middle class white guy from America thinks him being born as a middle class white guy in America means nothing. And your just as well off as a poor Indian dude.

Afterall, some poor guys from India have become rich -- That means every single poor Indian dude can be rich -- and its their failure for not.

There's nothing stopping a poor Indian guy from getting rich like there's nothing stopping me from being a professional football player. Your like someone starting on 3rd base and can't even admit it.

Not that Socialist argue: "were all winners and just as good." They argue the bottom shouldn't be rock bottom just because your can't take care of yourself in a competitive economy better than others.

I don't care about being rich, helping people get rich, or how rich people feel. That's the truth about me.

I also find your white identity politics hilariously ironic. Sorry I pointed out white men were a lot better off in the 70s high society scene (when most current billionaires made their money) than other races/genders...fuckin snowflake

Exactly. Warren Buffett isn't Warren Buffet without the 1970's and pre-1970's when the American oligarchy was created.

The late 1980's further solidified the oligarchs with the help of Reagan's cold indifference. The people loved that cold indifference. It was the brainwashing they dream about.

Warren Buffet CANNOT create that wealth in post 2010. HE CANNOT CREATE THOSE BILLIONS FROM SCRATCH. THE OPPORTUNITY IS NOT THERE.

Warren has not made significant money in 30 years if you adjust everything for inflation and time. He makes money, but he is essentially frozen in that 1970 oligarch bubble.

Nothing bad could come out of giving gibs to the dregs of society. That's not like incentivizing their uncompetitiveness or anything.

How dare you. “Snowflake” is a term from the days of World War II Germany, used by Nazi soldiers when referring to the remains of those incinerated in concentration camps.

Biggest take away is that (almost) everyone is equally terrible at building wealth.

maybe not for Buffett or investing in long stock positions, but the opportunity is there in cryptoshekels

I agree -- which is why you can't trust 100% of society to care of themselves. Self-sufficiency is a good personal philosophy and a horrible one for governance. It worked better back when we all farmed the land for a living..that's now how modern societies work. People aren't self sufficient. They are just usually overpaid or underpaid.

Juris, you seem to think that its everyones right to be an upper millionare.

This country isnt that. Its not the right country for you I'm afraid. Unfortunetly I dont think there is a place on earth that is right for you though, since you live in a fantasy world.

America is a country where there is nothing stopping you from getting out of whatever economic position you are currently in, and in some cases, if you're lucky or smart, strike gold and become very wealthy.

But you seem to think that everyone should be able to be as well off as anyone else.

That's fantasy. Sure if I start with 100k Im going to have a nicer car and a fancier pad than you, but that doesn't mean Im better or worse than you.

Your problem is you're spending so much time being jealous of that 100k that you're missing the fact that you have had many opportunities to get out of whatever economic situation YOU'RE in that makes you so upset.

You have every right to get out of it, and have every opportunity to but you dont necessarily have the right to start at an even playing field as anyone else. Your starting position is a decision that was made by your parents. Its their right to make that decision, and you're entitled to cry about it, but to demand that you get to start where Richy Rich started, even though their parents or their grand parents had the foresight to not buy that condo in Florida that they went bankrupt over, gives their kin the entitlement to start, where you can only hope to make it one day.

If you dont like what you were given, dont blame rich people, blame your parents. If you think it's unfair that rich people get a better start than you, then do your best to not be a hypocrite and make sure your kids have what you think is "luck" so they can get a better start.

If in 40 years they say, "dad why didnt you pay for our school and give us a small loan" and you say "well I was trying to get socialism in america to be a thing online" they're going to say, "oh because you were a loser, well thanks for living in a fantasy world, dad"

Wake up, get outa bed, go to work, save money, build, and stop demanding that by simply doing those things, you deserve a pool and a Ferrari.

Being. poor. is. a. choice. You're just upset your parents made the choice that you'd start with less, so they could watch a lot of TV while they ate dinner.

https://i.imgur.com/ZzZdz7I.png

not at all, actually, until you get into top 0.001% percentile, which isn't representative of anything to anyone who understands that these people have been natural-selected to be nothing but the most savvy with finances until you get into extreme cases like rothschild kids.

top 1% net worth for the 18-30 bracket sits around half a million -- mid 300k's under 20 and about 760k under 30, which is incredibly attainable for just about anybody who skipped college and entered the workforce early and doesn't have kids. you can get into top 5% through smart financial planning with the income the average entry level helpdesk job offers in my city, which rarely require a high school education. you might have to drive an hour to work instead of paying $2000 a month for the average going rate of a studio where these jobs are, but no one said this shit was easy.

i have many irl friends ranging between top 1% to top 0.001% of this age bracket, and i can only think of two who aren't self made (injury settlements) they're both very likely to leave the top 1% as they're both making poor financial decisions on a constant basis and one's a dumbass opiate addict.

cutting out people who have profited from illegal means, by contrast most people i know in this bracket at a young age are self-made. the two wealthiest i know (top 0.001%+) did not attend high school and live incredibly modest lives -- actually both of them live in camper vans they bought off craigslist right now. they're not taking out car loans, home loans, having kids, marrying young, and pissing their money away like most people 18-30 would. although they do travel a lot.

it's that mentality that made them successful in the first place. it's a huge, defeatest, and pathetic mischaracterization pushed by low IQ bernie voters in my opinion, to say that "most" people in the upper income brackets made it there through inheritance or dumb luck. investing wisely isn't dumb luck. building a successful business isn't dumb luck. developing valuable skills few have in the world isn't dumb luck. it's smart, and very calculated.

bernie bro us vs them politics are a calculated move to reinforce the same defeatist attitudes that make people poor. also lol college is worthless.

Stupid argument. You seem to ignore that a 25 year old with 500 mil to their name has a lot more going for them than just that amount of money. Almost certainly had powerful family connections or perhaps some kind of born freakish talent at something.

You are by definition talking about 1% population and trying to paint that as a reasonable goal for everyone. You can't expect everyone to be a high functioning go-getter...its a tiny part of population. Someone has to scrub toilets and that someone needs healthcare and a place to live.

You also seem to think punishing people for having kids young rather than supporting that decision as something that keeps the economy going. Birth rates aren't exactly spectacular which is part of the reason for immigration in most of the world (America is a little different).

That's a Republican dude obsession -- not mine. I don't think their should be upper millionaires and billionaires because the wealth is never justified at that level.

Edit: The obsidian swimming pool reference came from a story I heard from a billionaire Trust-funder. His mom spent $150,000 draining her pool to fix a pencil size scratch no one noticed but her. That was too much even for the trust fund kid -- he had to talk about it....behind her back.