Free Republic
Browse · Search
News/Activism
Topics · Post Article


1 posted on 09/24/2011 9:45:17 AM PDT by airedale
[ Post Reply | Private Reply | View Replies ]


To: airedale
Most of them probably aren't liberal or conservative, they are whatever it takes to get the government contracts that got them rich.

There are notable exceptions, but Warren Buffet is not one of them.

2 posted on 09/24/2011 9:48:43 AM PDT by E. Pluribus Unum (Palin is coming, and the Tea Party is coming with her.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale

The top 3 are Democrats...


3 posted on 09/24/2011 9:56:59 AM PDT by FromTheSidelines ("everything that deceives, also enchants" - Plato)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale

3/4 are progressives and/or libtards
1/4 conservative and/or middle of the road Repubs


4 posted on 09/24/2011 10:05:45 AM PDT by cranked
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale

http://newsmeat.com/billionaire_political_donations/


6 posted on 09/24/2011 10:10:06 AM PDT by peggybac
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale
I'd say most are libs -- because many if not most managed to get on the list because tax laws and other laws are written -- often by their own lobbyists -- to make it possible for them to amass vast fortunes. Google "Buffett vulture capitalism" for example.

Conservatives tend to view this as changing the rules of the game in the middle of the game and feel it's cheating. My $0.02.

7 posted on 09/24/2011 10:14:14 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale

All the rich people I know are liberal Democrats. It’s a form of protective coloration. They equate conservative with greedy (falsely), and do not want to be seen as greedy. So they espouse big government socialism for everybody else, while continuing to live their upper crust lifestyle. This is so much easier than following the Christian path - they get to have their cake and eat it.


9 posted on 09/24/2011 10:25:18 AM PDT by Argus
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale
I read recently that only about 10 percent of millionaires (or was it billionaires? I can't recall) inherited their wealth. The rest had worked hard to earn theirs.
10 posted on 09/24/2011 10:29:21 AM PDT by DeoVindiceSicSemperTyrannis (Want to make $$$? It's easy! Use FR as a platform to pimp your blog for hits!!!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale
...but what percentage of Americans become millionaires based upon their own work and not inherited money?

I may not be recalling this correctly, but I saw a stat recently -- from a financial firm -- that said about 65% of "wealthy" folks (valued at $500K or more) earned their money through business or investments. About 25% was a combination of investments and inheritance, and around 10% through inheritance alone.

If that holds true today, and I don't see any reason it wouldn't, most wealth is generated through the creation of business or investments.

If I can find that article again I'll post a link.

11 posted on 09/24/2011 10:36:20 AM PDT by AnglePark
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale

OK, I was a little off on my numbers, but not by much. It was a study done by PNC Wealth Management, and the numbers are:

69% earned their money through work, business ownership, or investments

25% through inheritance or earnings

6% primarily through inheritance


12 posted on 09/24/2011 10:44:50 AM PDT by AnglePark
[ Post Reply | Private Reply | To 1 | View Replies ]

To: airedale

Split out the ones that are “rich” only via their coziness with the Feds or their States....and see who really among us are the rich.

the rest are part of the problem


21 posted on 09/25/2011 6:16:18 AM PDT by mo
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson