Lemme guess:
They either
a.) come up with a good idea, raise money and hot the jackpot
(business)
or
b.) work long hours for low pay for years and then hit the jackpot
(entertainment)
How long should I wait for an answer?
Playing the system. Capital gains, loans, etc.
I wouldn’t hold your breath. 
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A person might be able to make the case (higher taxes for the rich) if taxing away wealth from billionaires woulddo any good, but it won’t.
The problem is not “taxes too low.” The problem is “spending too high.”
- Raise taxes on the rich to 100%? The problem is still there and not even significantly reduced.
- Raise their taxes above 100%. . . actually confiscate their wealth? The problem is still there and not even significantly reduced.
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Amazing. 
.
I don’t care that the rich are rich but that there is no C is amazing.
That’s my whole point.
You think your so smart but you are missing the whole context of the discussion. (epic fail)
How do the rich make money?
Is there a C?
Again i don’t particularly care that the rich are rich. Ce la vi and all that but ignoring that there is a C is ignorance of the highest order.
The context is pretty obvious. I never ever think i am smart.
Good because the context is i posts 75-78 on this thread.
Yes i got it. But you are still missing C. And its important to you listing “economic royalists”.
You confuse loud with powerful.
Look at the cabinet. This one and the previous ones. Are they rich? Are they royalist? Do you know their names?
Regardless is there a C?
What case?
What is “C”?
Generational wealth. I don’t have an issue with it. It is a thing though.
Today - more billionaires are born into it than made
@Gaius even started a thread on it i believe which is why i brought it up
Not true in the US.
I misquoted something. My fault.
“Under 30”
One has to wonder just how many of these will still be billionaires in 10 years. It seems the wealth is in the form of stock ownership in companies their parent/grandparent built. None of those in the article had majority/controlling positions in the companies representing their wealth. History is full of examples of heirs pissing away their inherited fortunes. And great companies fall by the wayside all the time, it is part of the life cycle of business.
Related:
One thing that has reamined pretty consistent over the decades is that by far most of the Forbes 400 is first generation on the list.
That has been so consistently true that people are now inventing new ways do describing it and new criteria etc. (moving the goal posts).
EX, recently a change happened and we can now honestly say things like
“For the first time eve,r more than 50% of the Forbes under 30 list inherited at least some of their start-up money.”
Statements like that tend to be true, and should not be totally ignored, but they are “moving the goalposts” and should be treated as such.
Interesting thing is that when we red the article it describes, someone in Brazil, a pair of brothers living in Ireland, a man in Italy etc…
I am not sure what American tax policy had to do with making Indian billionaires leave their money to their grandchildren. Pehaps if we had changed out tax policies they would have left it to someone else? Or maybe made less in the place?
The title of youngest billionaire in the world goes to 19-year-old Livia Voigt of Brazil.The college student, who has a net worth of 1.1 billion, has a minority stake in her late grandfather’s electrical equipment production company WEG.
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In 2022, Clemente Del Vecchio, 19, of Italy, earned a stake in EssilorLuxottica, the Italian-French maker of Ray-Ban, after his dad Leonardo Del Vecchio died.He now has a net worth of $4.7 billion along with his brothers Leonardo Maria, 28, and Luca, 22.
.
.
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A pair of twentysomething billionaire brothers from Ireland who also made the list, Zahan and Firoz Mistry, are estimated to have a net worth of a staggering $4.9 billion each.The duo, who are 25 and 27 respectively, are the sons of the late Cyrus Mistry, former chairperson of India’s largest conglomerate, the Tata Group.
“I misquoted something”. It says in the posts
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