[Discussion] What is your opinion about the gap between the 1%?

BlacLord™

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Kids of rich parents post the darnedest things :sdo3:

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Classless new money.
 

roark

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The minimum income is $450,000 annually, not monthly; it'll be $37,5000 monthly. I don't plan to be a billionaire, that's on a different. I plan to be a multi-millionaire. That's all.

A product in economic terms means a physical material; electronic, for example. Or, they generate it through services, like real estate. That's how the 1% generate wealth. You supply what people demand. That's what I want to do.

yes, but the thread is regarding 1%, and that mean, billionaires and multi millionaires.

If you are mentioning heiress, that's is one of the sources, but generically, real state are safe investiment, and not really source of the main money. Product is completion of a production process, so it's not exactly the product that is on the market that's money. It is not the consumption of the middle class that generates brute money.
 

Edogawa

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yes, but the thread is regarding 1%, and that mean, billionaires and multi millionaires.

If you are mentioning heiress, that's is one of the sources, but generically, real state are safe investiment, and not really source of the main money. Product is completion of a production process, so it's not exactly the product that is on the market that's money. It is not the consumption of the middle class that generates brute money.

You can still be a multi-millionaire and make $450,000 per year. If your assets are more than $1 million, you are classified as multi-millionaire.

No, you're wrong. Real estate is the traditional way people become rich. My father's uncle was a multi-millionaire and he made his money through real estate at start. There was a survey on this too. [ ] You're saying things that make no sense. If you've never studied business, then don't pretend to know about it.

Supply and demand = wealth generation. It is literally a basic principle in business. The only way a person becomes rich.
 
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