Some people say stuff like “well bet he didn’t get rich by paying his bills! Yeah!” He didn’t get rich by not paying his bills either. I knew a lady who inherited a large urban motel and was quite wealthy, and she’d buy 65 cent dozens of expired eggs on sale and be all excited that it was a bargain. It’s part of their pathological attachment to having more money, and in Elron/Trump’s case, complete disregard for other people and moral principles.
But that’s kinda the problem, right? Piketty’s central thesis is that above a certain amount of critical mass capital has a sort of gravity that almost inevitably attracts more wealth to itself at an exponential rate, and only truly cataclysmic events (either on a personal or societal level) can disrupt that accrual. People like Elon, Trump, and all the other failsons and nepo babies populating the millionaire and billionaire class are walking proof of the theory – even if he wasn’t keeping pace with the larger market, Trump still managed to make Daddy’s money last until now, and he’s self-evidently less intelligent than most small rodents. That wasn’t any special talent on his part growing the family fortune – it’s just (effectively) ambient cash getting caught in the gravity well of his inheritance and falling past the event horizon, in spite of his dumbassery.
Some people say stuff like “well bet he didn’t get rich by paying his bills! Yeah!” He didn’t get rich by not paying his bills either. I knew a lady who inherited a large urban motel and was quite wealthy, and she’d buy 65 cent dozens of expired eggs on sale and be all excited that it was a bargain. It’s part of their pathological attachment to having more money, and in Elron/Trump’s case, complete disregard for other people and moral principles.
He never got rich in the first place. He was born rich.
Sure, though not as wealthy as he is currently.
But that’s kinda the problem, right? Piketty’s central thesis is that above a certain amount of critical mass capital has a sort of gravity that almost inevitably attracts more wealth to itself at an exponential rate, and only truly cataclysmic events (either on a personal or societal level) can disrupt that accrual. People like Elon, Trump, and all the other failsons and nepo babies populating the millionaire and billionaire class are walking proof of the theory – even if he wasn’t keeping pace with the larger market, Trump still managed to make Daddy’s money last until now, and he’s self-evidently less intelligent than most small rodents. That wasn’t any special talent on his part growing the family fortune – it’s just (effectively) ambient cash getting caught in the gravity well of his inheritance and falling past the event horizon, in spite of his dumbassery.
If he did get rich by not paying his bills, then that would be even more fucked.