Ridicules you say, why is it ridicules? Is it ridicules Gates is worth $75 billion?
This wealth is largely in investments, mostly in the equity in businesses. Businesses that created jobs around the world, lowered prices for consumers, delivered goods and services that past generations could not even comprehend, and in some cases changed the world.
In addition, while some of these billionaires and multi-millionaires may be selfish, greedy SOBs, most are generous by supporting a wide array of causes and institutions that many of us enjoy and don’t even realize it. And when they do, it is far more efficient than filtering the money through a federal bureaucracy.
Sanders type rhetoric only breeds envy and class warfare. Did the success of Walmart and the growth in value of its stock take anything from you or inhibit your opportunities in any way? Did the success of Microsoft reduce your slice of the economic pie? More likely it created new opportunities.
If you were lucky enough or savy enough to invest in a new stock (perhaps Berkshire Hathaway) decades ago and now years later had accumulated several million dollars, is that ridicules? In March 1980 Berkshire Hathaway stock was $290 a share today it is $211,600 a share.
You could have bought Ford for $1.31 a share on November 20, 2008 and sold it for $15.00 last year. If you had taken the risk with your life savings, and your retirement savings and bought all you could at $1.31 and made a pile of money is that ridicules? What did you do to earn it except take a big risk?
That’s how people get wealthy‼️. There is nothing ridicules about it. And nothing new by the way. George Washington was among, if not, the richest man in the Colonies.
We may all have a bit of envy for the billionaires, millionaires or even lottery winners, but that does not mean they have taken anything from us to achieve their success does it?
Categories: Observations on life