You're talking about what I have called the "merely rich" or the "working wealthy" - also known as "The Millionaire Next Door." The "Chauffeur Class" - the truly rich, world-class wealthy, mega-wealthy CEOs, incestuous public company board members, bond titans, Wall Streeters, Hedge Fund types and idle heirs/heiresses will always find ways to insulate themselves from the pain to be borne by the rest.The late social scientist Robert Michels - correctly, IMHO, pointed out that most systems tend toward oligarchy:======================================================There was an article a few years back that analyzed the Forbes 400. It is surprising how the majority of them did not inherit their wealth. In fact, at least 3/4ths could be described as your "working wealthy." They had become rich in their lifetimes due to their efforts (and their employees of course, many of who also became very wealthy with stock options). We are talking about the Bill Gates, Steve Jobs, Warren Buffetts, Sam Waltons, and hundreds of lesser names on the list. There are very few Rockefellers, DuPonts, Fords, or other inherited wealthy. Most of the Forbes 400 were wealth creators for society. Also, let's not forget that the Carnegie Foundation, Ford Foundation, Rockefeller Foundation, and other foundations are giving back much more to society than their namesake's ever amassed in their own lifetimes, and Warren Buffett has donated more to society than the other top ten largest foundations put together.
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