[extropy-chat] Why I am No Longer a Libertarian Either...

[Mike Lorrey]

--- "J. Andrew Rogers" <andrew at ceruleansystems.com> wrote:

> On 7/27/05 7:07 PM, "Robert Lindauer" <robgobblin at aol.com> wrote:
> > I'm going to make an a priori guess: far and away the most
> important
> > factor for becoming a millionaire in the United States is having
> > millionaire parents.  I actually think this matter is decided
> > empirically too.  Luck is only a very small factor as is skill or
> IQ,
> > etc.  Overwhelmingly inheriting money is the best way to ensure
> your own
> > wealth.
> 
> 
> More clueless bloviating. Instead of making an ass out of yourself by
> making random guesses that are grossly wrong and trivially verifiable
> as such, perhaps you should spend a little more time on an education.

> You talk an awful lot for having so little to say.
> 
> 
> The coarse statistics for millionaires in the US:  90% are self-made
> (i.e. they earned it), and two-thirds are "blue-collar".  

Quite so. Research has found what is called the 'three generation
rule': family wealth and business ownership rarely survives past the
third family generation. I've met more kids of inherited wealth who are
penniless homeless drug addicts than anywhere else.

Mike Lorrey
Vice-Chair, 2nd District, Libertarian Party of NH
"Necessity is the plea for every infringement of human freedom.
It is the argument of tyrants; it is the creed of slaves."
                                      -William Pitt (1759-1806) 
Blog: http://intlib.blogspot.com


		
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