Did all those who are rich earn it? Not necessarily. Some were crooks, some got lucky, and some earned it.
That said, who the hell do all those WORKERS work for and why do they have jobs? Didn’t someone have to put capital at risk to start the business? Didn’t someone have to develop a business plan, hire the first worker, advertise, market, finance, make, distribute, etc?
I have a close friend that just sold his business for $25 million. I was there with him when he had 40k on his credit cards, and was sweating if he’d get his frist customer. I was there when he hired his people, built his software platform, closed his first deal, etc. I’ve seen first hand how his product makes the lives of his customers better, and ultimately benefits society by better allocation of resources (it’s a market forecasting tool). He’s rich now by most standards at the ripe old age of 32, but he earned every cent by bringing something of value into existence that never would have existed without his ideas, hard work, and creativity. He incidently employs 25 retired veterans, most of which make six figures working part time from home (they are highly skilled).
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So your friend loaded up on credit card debt and got lucky and hit it big? Who’s capital was he putting at risk exactly? What if he had failed? Then his debt would have gotten thrown in with the other a-holes as part of this $700 billion bailout.
For every lucky super-rich person who started out loaded up on credit card and got lucky and hit it big, there are 1,000 failures who declare bankruptcy and who pawn their debt off to taxpayers. Your friend took advantage of the American credit system, got lucky and hit it big. All that America asks is that he pay his fair share of taxes in return.
