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 : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (48862)	7/18/2013 8:21:52 PM
From: i-node	1 Recommendation Recommended By Brumar89 Respond to of 85487

I think the Walton family is an excellent example. Sam Walton, just over 50 years ago, started Walmart with a lot of very hard work. He started out very slowly, and through tons of hard work, created an amazing success story. The company today still essentially holds true to Walton's approach to management from 1962. And he created better lives for a lot of people along the way. The man worked his butt off to create something. Today, some people would take that away from his heirs because of envy. youtube.com

To: Broken_Clock who wrote (48862)	7/18/2013 8:53:04 PM
From: TimF	Read Replies (3) \| Respond to of 85487

Do I need to provide a link if I say the sky is blue? Your the one making an extraordinary claim, you should back it up with a link. Show massive net overall transfers from the non-wealthy to the wealthy. You can't because it isn't happening. But fine here's a link "Recently, PNC Wealth Management conducted a survey of people with more than $500,000 free to invest as they like, a fair definition of “wealthy,” and possibly “millionaire” once you begin including home equity and other assets. Only 6% of those surveyed earned their money from inheritance alone. 69% earned their wealth mostly by trading time and effort for money, or by “working.” forbes.com