GoFuckYourself.com - Adult Webmaster Forum - View Single Post

Cherry7 · 03-05-2013, 03:45 PM

Quote:

Originally Posted by PR_Phil

wrong, there is more new money around than ever. The conspiracy theorists around here like to think there is only old money and old money runs the world, but there is a hell of a lot of new money, more than every, it is easier to become a billionaire than ever, (not saying I'm on the verge of doing it or anything).

Warren Buffet - came from some money, but is no trust fund baby, started working at 8 years old!

Gates - parents had money, but not rich

Zuckerberg - parents had money, not rich

Steve Jobs - was adopted by a mechanic

Sheldon Alderson (owns the venetian hotel, he is worth 20 billion) - born dirt poor

Jay Z, Puff Daddy / PDiddy???, 50 cent, Eminem, kid Rock - Each worth a couple hundred million plus, none started out rich.

Jean Paul DeJoria (owns Paul Mitchell hair products) was homeless at 30 years old, after quitting the navy, borrowed $700 (yes seven hundred) and turned it into 4 Billion

Oprah - probably don't have to tell you who she is

Howard Schultz (owner of Starbucks) grew up in a housing project in Brooklyn

Ursela Burns, grew up in projects in Manhattan, is CEO of Xerox

Guy Laliberte - was a street busker, started cirque de solei, worth 3 Billion

Leonardo Del Vecchio - grew up in orphanage, was never adopted, started sunglasses hut and Lens Crafters, worth 10 Billion

Kirk Kergorian - dirt poor, now worth $16 Billion, owns MGM Grand and Flamingo.

Ingvar Kamprad - grew up on poor farm, started Ikea, worth 6 Billion.

Richard Desmond (publisher) grew up in a garage, now a billionaire.

here's a good one!

JK Rowling - WAS ON WELFARE WHEN SHE WROTE HARRY POTTER (now Billionaire)

Sam Walton - was poor, but now his kids are billionaires, does that make them bad people?

poor people become rich every day, and rich people become poor every day. Families who are able to accrue an incredible ammount of wealth and hand portions of it down from generation to generation should be admired. The people could have wasted their money on gold rims and gold teeth, but instead said "I'm going to make sure my kids and my kids kids are rich, regardless of how dumb they are"!

Good job you are not a student writing a paper on social mobility as you would get an F.

Individual examples do not make a statistical analysis. Even though your example of poor people (who go to Harvard ) making it rich is laughable.

here is an example of proper research...

One interesting study examined the probability that a son will remain in his father's income quintile, where a quintile represents one-fifth of the population ranked from lowest to highest income. In that study of six countries (Denmark, Sweden, Finland, Norway, the United Kingdom, and the United States), the data demonstrate that 42 percent of the American sons of fathers born in the poorest quintile landed in the poorest quintile themselves. This rate of the persistence of poverty was far higher than the 30 percent found in the United Kingdom and well above the 25 percent to 28 percent range found in Denmark, Sweden, Finland, and Norway.

And their conclusion....

Overall, these statistics are very depressing for those who subscribe to the notion that America is a meritocracy and a "land of opportunity." We see that there is far less social mobility in the United States than in other countries and other studies have shown clearly that this mobility is declining.

So the myth is for propaganda ....don't worry your kids live in poverty they could be Bill Gates