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My point is that participating in the market is all that matter. All debt, karmic or not, is reflected in the system.
If there exists a system with which self interest leads to the greatest good, is it even selfish to act for oneself in the context of this system?
If there exists a system with which self interest leads to the greatest good, is it even selfish to act for oneself in the context of this system?
Who the hell knows, but that in no way proves or supports your assertion that the US has the best social mobility in the world.
If there exists a system with which self interest leads to the greatest good, is it even selfish to act for oneself in the context of this system?
I depends on how one defines the "greatest good". I think that you could ask 10 different people and get 10 different ideas on what the greatest good is.
I for one don't think that installing an aristocracy would be serving the greatest good.
As long as we are waxing philosophical we might as well ask, are we even capable of taking an action that is not selfish?
Who the hell knows, but that in no way proves or supports your assertion that the US has the best social mobility in the world.
I don't think that there is any data that supports the idea that the US even has close to the best social mobility in the world.
If there exists a system with which self interest leads to the greatest good, is it even selfish to act for oneself in the context of this system?
Who the hell knows, but that in no way proves or supports your assertion that the US has the best social mobility in the world.
It is about the possibility of becoming rich without being born in a rich family.
This is vitually non-existent outside of the US except in places where illegal corruption is commonplace
It is about the possibility of becoming rich without being born in a rich family.
This is vitually non-existent outside of the US except in places where illegal corruption is commonplace
Absolute and total nonsense. There is plenty out there that refutes this. Huffington post had an article recently on it, http://www.huffingtonpost.com/howard-steven-friedman/class-mobility_b_1676931.html . BBC ran a series maybe 5-6 years ago called Self Made Man (or something like that) that profiled people in Europe that became rich.
Forbes top 10 richest people only has 3 Americans. Of the 7 others 4 (Carlos Slim, Armancio Ortega, Li Ka-shing, and Karl Albrecht) came from middle class or lower back rounds. I'm sure if you continue down the list the pattern won't change.
But how old are they? Do those places create 30-year-old billionaires?
But how old are they? Do those places create 30-year-old billionaires?
bob gave you the links and names to answer these questions for yourself. I do see a lot of evidence that the US has, relative to other developed nations, poor mobility, but you have presented zero evidence to support the great mobility claims you have been making.
http://hustleb.blogspot.com/2012/08/billionaires-under-age-of-40.html
Most young self-made billionaires in the developed world are still American.
Most of the successful people started with nothing. My two heroes are the prime examples: George Soros, Dennis Washington
You have to be joking. You think most of the successful people in the United States came from nothing?
http://hustleb.blogspot.com/2012/08/billionaires-under-age-of-40.html
Most young self-made billionaires in the developed world are still American.
Oh, are those the only billionaires under the age of 40? You may also want to look at per/capita billionaires under 40. The US is a very populous country. Without better context that article is just anecdotal evidence.
Also funny, of the 20 on that list 11 had--right there in their bios--clear indication that they started life with a silver spoon in their mouth (two were from the same wealthy dad). At least one other on the list I recognized as a silver spoon child, and I would bet that a little digging on the others would show that they all came from privileged backgrounds.
…Harvard roommate …
…officially inherited his fortune in 2001 on his 18th birthday…
…one of four children of the late energy pipeline entrepreneur Dan Duncan, the former richest man in Houston…
…together at Harvard…
…transferred his holding of the family's main fortune… her fortune drop dramatically since…
…son of slain Lebanese Prime Minister Rafic Hariri …
…second-youngest son of slain Lebanese Prime Minister Rafik Hariri, who left behind a fortune now shared by his five children…
In December 2010 German publisher Heinz Bauer, age 72, transferred 85% of the limited partnership of the family-run business to his daughter...
…became the face of his father's company…The family owns a private island…
A direct descendant of Peter Stuyvesant, Coleman is a Deerfield and Williams grad…
…Graduate of Kyiv State Economic University…
I am not sure how this leads you to believe that most young self made billionaires are made in America.
http://hustleb.blogspot.com/2012/08/billionaires-under-age-of-40.html
Most young self-made billionaires in the developed world are still American.
Oh, are those the only billionaires under the age of 40? You may also want to look at per/capita billionaires under 40. The US is a very populous country. Without better context that article is just anecdotal evidence.
So, looking further in to the numbers on the 20 billionaires under 40...
Ranked in per-capita output of billionaires under 40:
China -least
Russia
Japan
US
Germany
Ukraine
Hong Kong
Lebanon
Columbia -most
Looks like Columbia is the best at cranking out young billionaires.
Fine. I think I have made some horrible arguments.
I am all ears if you want to make some better ones ;)
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http://www.theatlantic.com/business/archive/2013/01/how-low-are-us-taxes-compared-to-other-countries/267148/