RE: They’re all bought and sold: American democracy belongs to the billionaires now
February 2, 2016 at 6:31 pm
(February 2, 2016 at 6:17 pm)mh.brewer Wrote: They know how not to be in the lower class. A lot came from there.
Actually it really depends on how they earned their money.
There are a lot of rich like Donald Trump or George Bush Jr who inherited their wealth. The reason that Trump is rich has little do with either his work ethic or his ingenuity. Its because he's has unending access to credit. If you or I had gone bankrupt as many times and to the extent that he has, no one ever lend us another dime. His first business venture came right out of college when his father secured a 30 million dollar government investment. How many kids out of college do you think get those kinds of opportunities?
I don't think Donald Trump is brilliant or intuitive in any way. In fact, he's lived a very sheltered, hedonistic lifestyle which skews his vision of reality in a way that indicates that he probably has a serious borderline personality disorder.
Then there's the whole class of the rich who make money by white collar crime. There's lots of those...particularly from the years when Reagan and Bush Jr were in office and removed massive amounts of regulation.
Now someone like Warren Buffet....I think might be very much worth listening to. He made his money by working hard. He's more likely to understand the plight of normal, hard-working Americans.