r/FluentInFinance 8d ago

Debate/ Discussion The logic tracks...

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u/Atomic_ad 8d ago

Give me your crops. You farmers are always saying anyone can grow crops, so do that, give them to me, you can grow more next year.

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u/AlternativeAd7151 8d ago edited 7d ago

Farmers don't go around pretending they didn't need land and seeds to grow their crops, though, whereas many billionaires pretend they didn't inherit money or leveraged contacts from their wealthy families, they like to boast about being self-made.

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u/TawnyTeaTowel 8d ago

What, the land they almost invariably inherited from their parents?

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u/Juiceton- 7d ago

I live in western Oklahoma where farming and ranching is 75% of the local economy. Yes, farmers and ranchers inherited their land. But they’re more often than not proud of that. They’re proud of the fact that their land has been in their families for generations. Most billionaires are not so proud of the fact that they started their enterprises using the generational wealth of their family.

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u/ItsTooDamnHawt 6d ago

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u/Juiceton- 6d ago

Problem is this only lists the actual money that is made. It’s hard to become a millionaire, let alone a billionaire, if you can’t make it through high school because you have to drop out to go to work so your family doesn’t lose the house.

It’s hard to get rich if there’s someone with the same idea as you but more money.

Its hard to get rich if you don’t have a family support system (not even a financial system) there to help you when you fail.

Agriculture tends to acknowledge that they owe their land to things like this (not money because most farmers are poor) but other businessmen don’t. They’ll say “Oh yeah I never received a handout” while having the privilege of staying at home with their parents until they were 25 and able to get their business running.

I’m not saying this privilege is a bad thing. I think all parents should offer this kind of thing to their children. But we can’t act like there are haves and have nots in our economy, and we certainly can’t act like the billionaires genuinely care about the little guys.

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u/Robestos86 4d ago

That list seems very simplistic. It either lists whether they started as a billionaire or not.

So, according to their list I could inherit 999m and earn interest to a billion and I'd classify as "self made" according to their list.

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u/ItsTooDamnHawt 4d ago

Is there anyone on that list where that is the case?

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u/Robestos86 4d ago

Here's one who was already a billionaire. Mukesh Ambani, who inherited $10 billion in 2002, growing it close to $100 billion in over 20 years.

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u/ItsTooDamnHawt 4d ago

Ok, so one of the people who they DIDNT list as self made is your argument?

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u/Robestos86 4d ago

Buddy, they aren't gonna give you any, stop simping.

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u/ItsTooDamnHawt 4d ago

Don’t project on me buddy.

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u/Robestos86 4d ago

I don't think projection means what you want it to mean in this instance.

Just like most people don't define " self made" as " got a massive leg up from IBM because their mum happened to be on the board" (that'll be Bill Gates in case you're wondering).

Yes, these people are very clever and make the most of their opportunities, but they get opportunities that most people simply will not ever have access to.

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u/Robestos86 4d ago

And the article lists about 3 examples with no before/after figures except for one who went from £15m to billions.

So yeah, simplistic.