Originally posted by Neubob
Lol. A glaring sign that you'll never get anywhere near that one percent.
sadly very few of us will. the ultra wealthy, the people who's family have reams of stocks in companies like standard oil and others of that nature , who's family fortunes were made prior to the introduction of the personal income tax can no longer be made or even maintained. there is a systematic approach to dismantling personal wealth in this country. I believe that the punitive nature of our tax code really works against the good of our nation.
there can no longer be fortunes made by men like henry morrison flagler who with his own money, built the florida east coast railroad from northeast florida and ultimately down to key west. he did this because he was building luxury hotels so that guilded age northeasterners could holiday their winters in balmy florida. the collateral benefit was the opening up the otherwise swampy and hostile land to developement.
bill gates is a pauper if you compare him to the fortunes made by men like rockefeller, goulds, flagler, carneigie and other's who's names now escape me. in their wake they left behind railroads, towns, mines, mills, the infrastructure which allowed the United States to become what we enjoy today.
what do today's weak and feable billionaires leave as they pass on? bill gates leaves us a poorly working, bug infested yet monoplitical operating system.
kind of makes you wonder.