re: #12 Obdicut

All of the people I know in the 1% except for one inherited their money, or the reason they’d be able to make the money again is because they grew up being trained to be a business tycoon, making contacts from an early age, etc.

Right. One of my friends told me, you grew up learning to play baseball I grew up learning business. It’s a skill.

The Waltons didn’t get rich from getting money from rich people.

But not poor people either. He began putting his stores (after failing a few times) in areas that had no stores. He was the only game in town. After he had amassed superior buying power, then he moved into cities. But he was creating his margin by buying vast quantities from suppliers, who weren’t what you’d call poor.

The pharmaceutical companies don’t get rich from getting money from rich people.

Yes they did. Insurance companies pay the bulk of the load. Doctors charge insurance companies, we pay a co-pay. If you read the itemized bill, a large percent is paid by insurance companies. I have one medication, with insurance, 50 bucks for three bottles, without insurance, 900 bucks for three bottles. So the insurance company is picking up 850 bucks on that tab.

I’ll stick by my assertion that you can’t make vast amounts of money from people who have no money.