I just watched Charles Koch take out his wallet and pay cash in his own cafeteria. That is a billionaire that can influence world policies that has no sense of the value of his time. There is no creditable source that denies luck plays some part in the making of a billionaire. There should be some authority over having that much unelected power.
Chet Ruminski Wrote: It is enormous wealth not the rich I am ranting against. Rich people are the result of dedication and hard work. Billionaires are the result of luck. I would establish a line at over which where a person has so much wealth that they don't know what to do with it poses a problem. If you want to be a billionaire and control wealth that can effect policy then act like it. If a person can take significant amounts of money out of the economy then they have a responsibility to maintain the economy. They can still be billionaires and start and own jobs producing enterprises. They do not have a right to benefit from an economy and then abandon it.
So Bill Gates with a net worth of $79 billion is the richest man in America because of luck?
And Mark Zukerberg whose net worth is estimated at $50 billion is another really lucky guy?
The really lucky ones are those that win the lotto. Unfortunately some of them squander away their new wealth in a few years.
Daily Republic: Advice for lottery winners: 70 percent lose it all in 7 years
I guess for those 70 percent their luck didn't hold. Or maybe the rich took it away from them.