Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (158530)	1/20/2003 4:21:02 PM
From: tejek	Read Replies (1) \| Respond to of 1574649

Your "debunking" of the "myth" provides evidence of my claim. Even if we accept your source completely (and I see no reason for me to trust it any more then you trust Rush) its conclusion is "only 57% of those listed did not inherit their money." In other words a majority on the list did not inherit their money. My source for the 57% is Forbes magazine.....you don't "see a reaon to trust" one of the major principals in the GOP? I don't know what to say.......I'm a liberal and I trust their numbers. And that is using very generous standards of what inheriting the money would mean. For example Ted Turner who turned two million in to billions, did not really inherit his wealth your source counts him as part of the 43% who inherited his wealth. Yes, he inherited $2 million dollars. Frankly, I don't know about you but I could do a lot with $2 million. I inherited nada and nearly turned that into 1 million [at least on paper]in less than ten years. If you take just those who directly inherited a fortune large enough to put them at the top then according to Forbes almost 75% of the wealthiest Americans did not inherit their wealth. Perhaps 74 or 75% is to low to qualify as "the vast majority" but that was Rush's statement not mine. My point is that the majority of those on the top did not start out on the top. Thank you for confirming my point. First, you can do that but that's not at all the same as saying that this 75% is made up of self made people.......they are not all self made because some had considerable help. Secondly, these percentages are of the top 400..........a number that is hardly statistically relevant. I will continue to search for the study that I mentioned previously. ted