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Maybe billionaires should get a real job that contributes.
People are downvoting you because it's a blanket statement and generalization. But in reality, there's a nugget of truth to what you are saying.
In 2023, inheritance of billions overtook entrepreneurship for new billionaire growth.
https://www.cnn.com/2023/11/30/business/ubs-billionaires-report/index.html https://www.forbes.com/sites/maryroeloffs/2023/11/30/new-billionaires-inherited-more-than-they-earned-last-year-ubs-report-says/?sh=12613b9a3d68 https://www.vox.com/2024/1/22/24043104/billionaire-get-rich-people-parents-generational-wealth-transfer-trust-fund
What we are seeing is that a lot of the billionaire boomers are dying off, and their children are inheriting the wealth and choosing NOT to participate in labour, but to just sit on, and use that wealth to generate more wealth. Mostly by hiring others to manage that wealth.
the next decade is going to be interesting when we see the largest wealth transfer in recent history from retiring/dying boomers to their children. what those children end up doing with all that wealth will be the interesting dynamic we have yet to truly see.
Exactly and I bet they have an overall net negative value contribution to society. I'm just saying if a rich family provides steady jobs to an entire enterprise of people, that to those people they have provided significant value. They probably get to a billion by exploiting other people and companies, providing a net negative to society.
I knew when I commented that people would intentionally misinterpret my reply, but thats politics for ya.