A few days ago I saw this piece in the NY Post about how hard it is to be rich.
Yes, the jokes write themselves with such a claim. but that's not really why I thought the piece was interesting. The interesting part was the stats on who is rich:
She said newly rich individuals like herself are relatively common, citing a US Trust study in which 77% of wealthy respondents said they grew up poor and also a 2017 Fidelity study that found 86% of wealth is self-made.
" 77% of wealthy respondent said they grew up poor" and "86% of wealth is self-made".
A lot of Communists and Socialists in America who are ensconced in the media, educational institutions and government like to talk ill of the wealthy. They are surprised when a large proportion of these wealthy don't respond very well to that talk, because they don't realize that most of them were previously poor who worked their butts off, saved rather than spent, invested rather than spent, went without rather than spend with an eye on the long game, to get where they are. They took chances, they stayed up and learned new things while others slept and partied. And then some ignoramus wants to tell them about their "privilege" like it wasn't in fact earned.
Too many people think success (in anything) just shows up. Now a days too few people are willing to tell these people which bridge they can jump off of. Some because they are politically disposed to foment this kind of envy and resentment for their own ends.
