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vascotoday at 4:37 AM2 repliesview on HN

Pro-tip: more often than not people are billionaires because their parent was a billionaire or multi millionaire


Replies

Detrytustoday at 4:44 AM

Yes, and the contributions from those parents were so valuable that the society still owes them, even long after their death. That's why we pay our dues to their children and grandchildren.

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arjietoday at 4:47 AM

That’s actually a pretty good thing. Becoming a multi-millionaire is quite achievable in this country and if that means I provide a compounding ability to my kids to provide a large amount of value to a large amount of people and capture some amount of that, that’s a good thing.

Since 2/3rds of American billionaires are from industry, if it is true that their parents were multi-millionaires, that is wonderful. The fact that children here can take the platforms their parents build them and turn that into great value for the American people is a good thing and one of the reasons I am drawn to this country.

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