Can't Hide Behind Fences And Walls And Crooked Cops Forever

submitted by EndlessSunflowers from i.imgur.com

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[–]yayblueberries 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Or they live in an area that has an oddly high proportion of their do-nothing, lazy wealthy people who run their mouths all the time actually coming from inherited wealth. I used to, and they were the biggest assholes. Because they didn't DO anything to create that wealth. They just thought there are haves and have-nots and that they were the greatest thing on the planet because they were a have. If they actually had to work hard a day in their lives, they wouldn't be so mouthy.

Unfortunately, that 1/3rd does still exist and some of us have encountered them. Don't act like 1/3rd is 0 and that inherited wealth is NOTHING but a myth. You're bad at math.

[–]GConly 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The OP (cartoon) is propagating the myth that rich people had some distant ancestor that left the family a lot of cash and it persisted for generations. That really only happens in the peerage because estates can't be split, and most of them end up as broke landowners after a few generations. You'll get a half wit or spendthrift in charge of the estate and it will go bankrupt.

Most people who inherit cash get it from parents, only 30% from grandparents, only 10% of the next generation and around 3% of the next. It's negligible after that.

I'm sure rich kids can be obnoxious and entitled. Changes nothing, and most of them will leave diddly to their kids and run through all their cash by the time they are old, once mummy and daddy are gone.

If they actually had to work hard a day in their lives, they wouldn't be so mouthy.

I'm not disagreeing.

The Chinese have a saying: shirtsleeves to shirtsleeves in three generations.

Most wealth is earned. The SES factoid for millionaires is also true for billionaires. A minority big the mega rich had serious inherited wealth behind them.

But people find it much easier to grasp at 'unfair' rather than accept some people are just better at making money than others.