If true, why do 70% of lottery winners go broke? It would seem even retaining wealth is a challenge to most.
Even the "99%" and "1%" rhetoric conveniently hides the real difference between classes: some make money from labor, others from ownership.
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that literally supports the claim. Lottery winners may have wealth as a number but not as capital which can
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they need convert the money to money making property (capital) & find it hard to without contacts
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anyone can buy into an index fund with no "contacts". Just as easy as opening bank account.
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it's because they failed to turn their abstract wealth into capital they could extract value from.
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It makes sense: the × sign beats the + sign. But it's fucked up. Work can be defined with physics. Ownership is made up.
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and 4 to 12% make NO money, unemployment rate of country
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thats because the claim is correct.
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