Quote:
Originally Posted by Sly
That isn't really true. There have been plenty of studies saying the exact opposite. About 80% of "rich" people are entrepreneurs/business owners. Trust fund babies aren't that prominent.
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Wrong...
Citing a few cases of difference does not effect the truth.
A Vast majority of those with money make money, most with no money make no money. Thats just how it is.
Reinvestment in the new economy is being funded by the government while all the hedgefund winners from the collapse are sitting on it because they have no idea what to do with exception of maybe a few.
Wall Street bankers are paying themselves all time high's in bonus and cash yet none of it goes to create jobs in the USA. Most of It goes offshore.
Literally billions and billions of dollars went to people that have no idea about what to do with money or create jobs with it nor even manage it.
This was cited in 60 minutes last week and numerous stories about where all the money went and is going from the fall out. Yes the Economy collapsed in 2008 in a big way but there were billions and billions of dollars paid out to Hedge fund managers and there clients.