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"Founders" are a tiny percentage of the rich, they're just the ones in the news.

The richest 1% own half the wealth in the world and the gap is getting wider. Since 2020, for every dollar of new global wealth gained by someone in the bottom 90%, one of the world’s billionaires has gained $1.7 million. (Source: https://www.globalcitizen.org/en/content/wealth-inequality-o...)

So yes, some of the wealth is going to your retirement account. But for every penny going to a middle-class professional workers retirement, there's about a thousand dollars going to some hedge fund manager or the trust fund of the grandson of some robber baron who got rich a hundred years ago.



It’s difficult to ethically defend the idea that someone should make more because of who their parents were than because of how hard they work.

Generational inheritance is a cancer, and many American ills are a direct result of allowing it to fester unsolved.

Buffett was right — enough to get a good start, but no more.


I mean, what's the percentage of the ultra rich that doesn't own a company? Musk, Gates, etc... it's the ownership.




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