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View Diary: Romney Campaign Searches for a New Strategy - Ryan Wants To Be Unleashed! Take The Bag Off His Head (220 comments)

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  •  Yeah, but even the 1% have children, (5+ / 0-)

    grand  children who may drift back into that sad 99% and may get sick, or have some trouble.

    I just moved from a community where the average home price is somewhere between 1 to 3 million dollars.  From what I gather very few of the children are gong to be in the same class from their own efforts.  

    Regression to the mean.

    I think I read in a foundational book on Social Status in America that it takes on average 3 generations to get the grandchildren into the top 'great wealth" category and then about 2 generations for the grand-children to lose it.

    The means is the ends in the process of becoming. - Mahatma Gandhi

    by HoundDog on Sun Sep 16, 2012 at 04:40:53 PM PDT

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    •  What Paris Hilton isn't spending it fast enough? (1+ / 0-)
      Recommended by:
      HoundDog

      Who knew?

      In capitalist America, bank robs you!

      by madhaus on Sun Sep 16, 2012 at 05:12:28 PM PDT

      [ Parent ]

      •  Probably not, due do that compounding interest (2+ / 0-)
        Recommended by:
        NearlyNormal, Trotskyrepublican

        and extensive tax breaks.

        She will probably need the help of a couple children brought up expecting to buy anything and everything they want, to totally exhaust the Hilton family fortune.

        The means is the ends in the process of becoming. - Mahatma Gandhi

        by HoundDog on Sun Sep 16, 2012 at 05:36:58 PM PDT

        [ Parent ]

        •  The reason grandchildren usually spend it all (2+ / 0-)
          Recommended by:
          Nailbanger, HoundDog

          is there used to be so many of them.  Did Paris get the ENTIRE Hilton fortune or are there second cousins she has to share it with?

          Maybe if the Mittster's five sons each keep having lots of kids there won't be anywhere enough left.

          In capitalist America, bank robs you!

          by madhaus on Sun Sep 16, 2012 at 06:05:02 PM PDT

          [ Parent ]

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