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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Metacomet who wrote (144209)	7/8/2014 1:11:20 PM
From: pcstel	Respond to of 149317

>Actually the BEST way to acquire wealth is the way the Koch brothers and Mitt Romney did.. Inherit it.> That is true, but a bit OT, as we were discussing raising people from poor to wealthy, and that it is an attainable goal.

To: Metacomet who wrote (144209)	7/9/2014 3:11:52 PM
From: nicewatch	Read Replies (1) \| Respond to of 149317

Last I checked, Romney and the Koch brothers came from privileged backgrounds and while the Koch's inherited a business empire and built it even larger... Romney's wealth is mostly self made through Bain Capital. No doubt they started from a better position than the average person but that by itself doesn't explain their great success. Hard work, well reasoned risk taking, and even some luck were factors. These factors probably don't register in your zero sum liberal world view. Also consider that Romney and the Koch brothers had the common sense to not engage in wanton speculation and degenerate gambling. For example, I doubt they would take nearly all of their investment capital and stick it into a single penny stock that has never had meaningful revenues let alone profits and probably never will. Even if it did have revenues and profits, that is many years off into an unknown future. Sounds a little risky, don't you think? If they were silly enough to think that was a good idea, surely they'd have smart people advising them not to, or only put a small piker bet into the endeavor for purposes of risk management. Is it not ironic that some people who argue against capitalism and wealth accumulation with highfalutin theories of social and economic systems, are the same people who when left to their own devices make personally devastating choices in the form of degenerate gambling? As a wise man once said, pretense to knowledge leads the path to destruction! P.S. do you still own the Cadillac with vanity plates of a penny stock ticker? Actually the BEST way to acquire wealth is the way the Koch brothers and Mitt Romney did.. Inherit it.