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How rich people get rich (lemmy.dbzer0.com)
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[-] Vespair@lemm.ee 40 points 6 months ago

I agree fully, but I do want to know what the original image said before "birth lottery" was edited in

[-] BaseModelHuman@lemmy.world 47 points 6 months ago

Looks like inherited is the original, but I also seen another one with "Luck"

[-] db0@lemmy.dbzer0.com 29 points 6 months ago

Luck is the most generically accurate, but ultimately it does come down to birth lottery, as someone can just be born poor and disabled and no amount of post-birth luck is going to fix that.

[-] xenoclast@lemmy.world 4 points 6 months ago

I think luck implies random chance. Which is completely inaccurate.

[-] meowMix2525@lemm.ee 2 points 6 months ago

I've seen this discrepancy explained by being or putting yourself in the right situations to get lucky in the first place. You can't get lucky in the way a lot of successful people do if you never put yourself out there. I guess the very first example of this is getting conceived lol. You could have gotten lucky and been conceived to wealthy parents, or unlucky and conceived to poor parents, or really unlucky and not conceived at all, but you would certainly have perished if you chose not to even participate in the race.

[-] troyunrau@lemmy.ca 14 points 6 months ago

I'm not rich. But I was born poor and am no longer poor. The Birth Lottery blessed me with a brain, and with that as my only asset, I learned esoteric skills which I can parley into a niche career.

But more importantly, the social safety net in my country allowed me to get an education without becoming a wage slave for the rest of my life. Without that, I couldn't have pulled this escape from poverty off.

I now run my own business. We have no employees -- only owners who have self-invested. Our business is growing and I anticipate a comfortable retirement. Haven't got rich off the working class either.

So, thank you Canada for the opportunities. I've tried to make the most of them.

[-] Rodeo@lemmy.ca 15 points 6 months ago

So can you answer his question or did you just see an opportunity to brag about yourself.

[-] troyunrau@lemmy.ca 12 points 6 months ago

No. I was pumping socialism as an alternative to birth lottery. Enjoy your day :)

[-] el_abuelo@lemmy.ml 5 points 6 months ago

What's that got to do with the question?

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[-] blazera@lemmy.world 38 points 6 months ago

Capitalism just has a feedback loop bug. In capitalism, resources are distributed based on capital. But capital is a resource. So you get more capital for having more capital. In any business, who gets the most money that business generates? Whoever had the most money to buy into it. No work, no expertise is involved in the equation.

[-] Patches@sh.itjust.works 26 points 6 months ago

See: Monopoly the game.

The winner is declared in the first 10 turns and it's all downhill from there.

[-] Dasus@lemmy.world 13 points 6 months ago

You might or might not be referring to the fact that Monopoly was originally made to showcase exactly that; the impossibility of living under such a system.

https://en.m.wikipedia.org/wiki/The_Landlord's_Game

That's the original title.

[-] Naz@sh.itjust.works 5 points 6 months ago

"Yeah, we got a 10-94 here, an Internet user has gotten too wise, send in the economics squad"

[-] Zozano@lemy.lol 17 points 6 months ago

You can literally just make the entire second pie chart "exploiting the working class", because "birth lottery" is dependant on that.

[-] TrickDacy@lemmy.world 12 points 6 months ago

I hate to be that guy, but not always exactly this. I have relatives that were born dirt poor but are now rich. You can definitely say they exploited people to get that way but the birth lottery gave them nothing financially

[-] Rodeo@lemmy.ca 29 points 6 months ago

For every example like this there are a million examples of poor people staying poor.

Social mobility is much less than we like to pretend it is.

[-] xenoclast@lemmy.world 13 points 6 months ago

Not sure your point. Yes you can get rich ONLY exploiting the poor and don't need to be born rich.

I guess the op should have made it more of a venn diagram.

There are no innocent billionaires. They all trade human lives for profit every day.

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[-] db0@lemmy.dbzer0.com 9 points 6 months ago

It gave them birth in a advanced nation and no disabilities

[-] TrickDacy@lemmy.world 2 points 6 months ago

Which many other people including myself had and yet I'm not rich

[-] young_broccoli@fedia.io 8 points 6 months ago* (last edited 6 months ago)

The chart says that 50% get rich by exploitation and the other 50% by inheritance.

Edit: NVM, Im dumb and misread the meme. Still I doubt they were litterally "dirt poor" so birth lottery still applies.

[-] undergroundoverground@lemmy.world 10 points 6 months ago

For sure, never ever trust a wealthy person's origin story. Even trump and Musk claim to be self made.

Much better to go with the evidence of our eyes and ears.

[-] Sidyctism@feddit.de 2 points 6 months ago

They are self-made. It just took a small loan of a million dollar

[-] TrickDacy@lemmy.world 1 points 6 months ago

Except I wasn't glorifying them. I actually think they aren't great people but go ahead and jerk yourself some more

[-] TrickDacy@lemmy.world 1 points 6 months ago

You know nothing. I'm describing my great uncle, so I would have no reason to lie. No one else in the family is what you would call rich. I'm simply providing a factual counterexample because generalizing is the surest way to not understand nuance

[-] undergroundoverground@lemmy.world 3 points 6 months ago

Speaking of lacking nuance, claiming people "know nothing" isn't exactly the smartest thing you've ever said.

We have two things here:

A: I'm describing my great uncle

And

B: so I have no reason to lie.

How does one relate to the other? Is it unusual for people to lie about great uncles where you're from? Does this rule apply to, say, regular uncles? How about a great aunt? Does it apply to them too?

More seriously, the factual real world examples that can be proven and aren't just "trust me bro" all point to never being able to trust a wealthy persons origin story, even if it is someone's great uncle. However, that doesn't mean its literally untrue in every instance or yours.

The point is, even if 100% true in every capacity, it's so ultra rare and against such a rigged game that it might as well not be true. That is, if we plan on appreciating the true nuance of the situation.

[-] TrickDacy@lemmy.world 1 points 6 months ago

Idiot, the person I referenced claimed you can't trust a rich person's origin story. It's not my story

You're just mad the simple narrative was threatened. I couldn't give a shit less what you believe

[-] undergroundoverground@lemmy.world 2 points 6 months ago

What a childish and hilariously ironic reply. I'm the person who said you can't trust a wealthy persons origin story. I said it because its true.

You challenged nothing. All you didn't was tell a baseless story that anyone could have made up. You give yourself too much credit if you think you either challenged anything anyone said or made me mad by it. It's pretty pathetic to have to pretend you've upset people.

Even if it was true, its like me saying "don't jump out of a 10 storey building, you'll probably die." and you replying "yeah, well, my great uncle jumped out of a 10 storey building and he didn't die." Like, cool story bro but you still shouldn't jump out of one and, also, no one cares about your tales.

How about second cousins, would you lie about them?

[-] TrickDacy@lemmy.world 1 points 6 months ago
[-] undergroundoverground@lemmy.world 1 points 5 months ago

Yeah, I wouldn't have had a good come back for what i said either.

[-] TrickDacy@lemmy.world 1 points 6 months ago

You are dumb I agree. Because that's what it takes to make up stories about other people's lives to make yourself feel better.

These were people that literally grew up without indoor plumbing or electricity for years, in a community where owning a car meant you were rich. They were sharecroppers so they owned nothing and slaved away to make rich people money.

But sure they weren't dirt poor because some dickhead on the Internet wanted it to not be true so they could keep generalizing people different than them as all the same.

[-] young_broccoli@fedia.io 2 points 6 months ago

From your other comments I gather that these people were born about 2 generations ago. In a time of economic growth and prosperity, I count that as luck. Also, I said "I doubted it" mr. nuance.

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[-] Zuberi@lemmy.dbzer0.com 6 points 6 months ago

I can almost guarantee you do not know a “rich” person per db0’s viewpoint

One does not reach the top by “treating employees fairly.”

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[-] thesporkeffect@lemmy.world 11 points 6 months ago
  • Have enough resources available in your social network to keep making bets until you hit a 10x/100x
[-] realbadat@programming.dev 8 points 6 months ago

Slightly more accurate may be combining both birth lottery and merciless exploitation.

Since winning that lottery let's them be the people who can mercilessly exploit people, who then have children who won that lottery, etc.

[-] db0@lemmy.dbzer0.com 15 points 6 months ago

Isn't that what it says already? 50/50 bit of both?

[-] realbadat@programming.dev 13 points 6 months ago

Oh, I read it as half the people won the birth lottery, the other half exploited people.

As a 50/50 split for the person yeah that's what it would be

Just how I read the images sorry :)

[-] foggianism@lemmy.world 7 points 6 months ago

How rich people get rich: Assets.

[-] EndlessNightmare@reddthat.com 5 points 6 months ago

Good charts comparing why the "just world fallacy" is indeed a fallacy.

[-] whyisthesheep@thelemmy.club 5 points 6 months ago

Be in the political system and trade on stocks you have insider information on.

[-] Cosmos7349@lemmy.world 4 points 6 months ago* (last edited 6 months ago)

Tbf I feel like a lot of them work pretty hard at mercilessly exploiting the working class. Like, Space Karen has sent over 20,000 tweets? That's a lot of ~~work~~ tweets!

[-] frankgrimeszz@lemmy.world 4 points 6 months ago

I would also suggest “Daddy’s credit card”.

[-] meowMix2525@lemm.ee 10 points 6 months ago

So, birth lottery

[-] iAvicenna@lemmy.world 3 points 6 months ago

brownie points for people in the intersection

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[-] shiveyarbles@beehaw.org 3 points 6 months ago

I agree for the most part. I do know people who got rich by working hard, treating employees fairly and with empathy, and providing a useful service.

[-] Kichae@lemmy.ca 3 points 6 months ago

Them they overcharged for the service

[-] Zuberi@lemmy.dbzer0.com 3 points 6 months ago

I can almost guarantee you do not know a "rich" person per db0's viewpoint

One does not reach the top by "treating employees fairly."

[-] shiveyarbles@beehaw.org 2 points 6 months ago

I'm not asking you, I'm telling you

[-] Zuberi@lemmy.dbzer0.com 4 points 6 months ago

How many members of the 1% do you know?

[-] RememberTheApollo_@lemmy.world 1 points 6 months ago

...and sitting on their asses watching stock value climb.

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this post was submitted on 23 Mar 2024
1195 points (100.0% liked)

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