Yea the top rich entrepreneurs* came from mostly the upper middle class, who were given an advantage over those who came from the lower and no income households but there are problem with that reasoning. (1) Most of the billionaire entrepreneurs are asset rich and cash poor. (They get there money from selling their assets, or borrowing against their assets **). (2) One can easily easily say their are their are extremely rich people who come from the bottom of the economic society such as Mr. Carter better known as JZ, Sean, Puff Daddy, Combs, and last, but not least Oprah Winfrey. ( These are examples of extremely rich who didn’t come from rich or upper middle class).
* The examples that are used to by those who are Elon Musk ( Father Gem Merchant) Mark Zuckerberg( I believe his pops was a dentist) and Bill Gates ( My understanding his father was an engineer).
The reason I’m writing this rant is I keep hearing these self righteous upper middle class influencers making fun the American story ( perhaps in some cases a fable) rags to riches.
** Off topic those who borrow against there assets and show no or very little income perhaps should be taxed as though this was income.
# There seems to be an understanding that ( true or false) that most of the rich inherited their money ( example the Waltons)
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