Comments by "The Zero Line" (@The_ZeroLine) on "laowhy86" channel.

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  28.    Some families will go broke from spoiled children who can’t even manage their money, but the truly wealthy have too much money for their children to ever truly lose it all. You’re right, if someone is from a trailer park and had a lot of capital, they might not be able to use it. However, most people with vast wealth have their children well educated and it does not take hard work from there to keep expanding your wealth. You are right that the initial generator of that wealth is an exceptional person who deserves massive wealth because they’ve built a new business that has created new jobs and new wealth for many people. That’s why I pointed out here or in another comment thread nearby that it is new businesses that created 90% of new jobs. I believe it’s after businesses just five years and older account for only a tiny fraction of new jobs. Sure, there are a few companies that keeping adding thousands of jobs for a decade or more, but then then usually contract and begin going the opposite way. It’s the people who get to already establish money making machines and somehow the board thinks they need to pay them hundreds of millions to manage the company. At that level, you’re lore of an administrator than anything. The idea of the visionary CEO revitalizing a huge company with great ideas is a joke. It’s usually just restructuring and allowing existing employees to execute great ideas. That’s how badly run these companies can quickly get after the founder dies, retires or sells. The buyers/shareholders coast off existing momentum to make huge amounts until the company’s momentum runs out due to competitors catching up, the incompetency of management and lack of investment or over investment on stupid things.
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