A man bitted a dog

[J. J.]

The bottom line:
In order to be rich you should be born to rich parents.


BTW: Unlike H.Ford - R.Perrot and B.Gatez have never been poor.

Once again, the facts don't support your story. 

Perot started out in life getting admitted to the US Naval Academy (which is free) and working as a commission salesman for IBM.  There was no family wealth.

http://www.infoplease.com/ipa/A0771981.html

Bill Gates family did have some and were possibly upper middle class; both parents worked.  They were not the super rich and their earnings wouldn't guarantee William III would be set for life.

http://www.intris.com/productions/bg/biobill.htm

[J. J.]

The bottom line:
In order to be rich you should be born to rich parents.


BTW: Unlike H.Ford - R.Perrot and B.Gatez have never been poor.

Once again, the facts don't support your story. 

Perot started out in life getting admitted to the US Naval Academy (which is free) and working as a commission salesman for IBM.  There was no family wealth.

http://www.infoplease.com/ipa/A0771981.html

Bill Gates family did have some and were possibly upper middle class; both parents worked.  They were not the super rich and their earnings wouldn't guarantee William III would be set for life.

http://www.intris.com/productions/bg/biobill.htm

More Horatio Alger stories.  Gates senior was an attourney, but a millionaire many times over.  The family had been wealthy for generations.

Gates the second was an attorney, but not one of "super-lawyers" nor particularly wealthy.  Upper middle class, yes.  But Bill III was raised in a two income household.

As for his father, after 10-12 as an associate, he made partner in 1964 and eventually founded his own firm.  That was a long hall.  Yes, after years of work, he became successful and had some money; that isn't unusual.

http://www.npr.org/programs/npc/2001/010511.wgates.html

BTW, young Bill was 9 years old when his father made partner.  

[J. J.]

Again:
The poor who became rich are a tiny minority among the "regular" rich and also a super tiny minority compare to the poor who remain poor.
But they are famous and falsely create the impression that their number is much higher than it really is.

http://www.ncpa.org/studies/s235/s235.html

A recent study of U.S. millionaires found that 80 percent acquired their wealth in a single generation, without the benefit of inheritances.

You're delusional, you have no clue what you're talking about, and you're wrong as usual, so quit posting this crap.

This was also the point of the work of Thomas R. Dye, a now Professor Emeritas from the University of Florida.  He has been looking at elite behavior and who becomes elite siince the early 1970's.

His conslusion, which have held up for decades was that there was a lot of mobility.  Looking at the lists of who was wealthiest in 1968, 1987 and 2000, he had a very good point.

[J. J.]

Not meaning to be to picky on grammar, but what's up with Man "bitted" a dog?

It means Shira titled the thread.