So can we expect Gates's sons to generate trillion of dollars of family richness right?

The "rich get richer" is an analysis of small percent variation of gap on earnings and sometimes just left wing bitching that in any gaussian curve you would have like 80% of people on some variation of middle (low, middle, above) and 10% for each sid on very low and very high... we can complain all we like, but if you give 10M for each human being on earth right now (and everyone that had more than that lose what is above 10M), you can be sure there would be flow and concentration quite fast.

My great-grandfather donated in life all his propertiers (when he was 85y old) to his 10 sons and daugthers... 8 of them ended up selling their part to my grandfather (which was retired bank manager, that in USA money would probably make bellow 60k a year), all of them were basically gave the same opportunity to study (most dropped school before high school), my granpa finished technical school in accounting (as far as I know only one brother also gone that far).

Go anywhere there are humans and you'll see that a very small part can be considered above average in any atribute you choose... but yes, he made himself 2-10B worth because he inherited 20M.

Sure it helped being a bit more... but was he just a bit more successful than other people that inherited as much?

How much have your parents invested or will leave to you? Do you think you can grow it by how much?

thats not the same. 500k in middleclass assets come down to maybe 10k in free assets. hosues have mortages, savings will be burned if they go into retirement, etc. its not the same as getting millions of dollars in liquid assets and dont forgett, my parents dont know half of the  new york money elite.

and trump isnt that rich, most of his worth comes from the trump brand. and thats just a name that could be destroyed rather easyly.

the growth of his wealth in real assets since his dad died wasnt so high.

thats why he acts like he is a clone of richie rich. his brand needs this acting to survive.

you could argue that makes him to one of the best business men ever, or best conman, or best actor...

I seriously disagree with you... and there are quite a few examples of people earing middle class wages that through savings (and liiving with parents) made salaries of 5k a month in millions in less than 10 years (like start working at 16 and get milionaire by 30 with your own average salarie)... so yes Trump had a leg up, but can you invalidate the possibility of him being one of the guys that would starve himself to become a milionaire if his starting point was a lot lower than what he have?

If most of his wealth comes from his brand, which he created how can you say he isn't worth it? Anything can be destroyed rather easily, Obozo could approve a law that all inheritance are to be taken by the state and that no one is allowed to own more than 1 property, that would basically destroy the wealth of a lot of people, so unless you have a case in hand for Trump losing 99% of his money (like Eike Batista have done, and from beggining you could smeal he was a snake's oil seller) then you saying he could be destroyed rather easily is useless.

500k to 10k real assets is like ignoring all the rest of the earnings have made. If your parent along their whole life have produced from 500k only 10k of real money they really are bad investors, and perhaps if given 1B they wouldn't grow it by any margin, maybe they would burn it with trips, gifts, helping other relatives, etc.

yes there are realy selfmade billionairs, but trump isnt one of those, he inherited alot of money and connections.

and a brandname isnt a real asset, he could destroy it every day with a wrong comment, thats not a stable asset. he has under 1 billion in real assets, the rest is just the brand.   he couldnt finance his own election campaigne if he would run a normal campaigne.

and 500k worth in normal middleclass assets isnt much, and most of it is very illiquide or needed to cover retirement.

first staaawks will be sold, than other assets and in the end the house. there will be not much left if they die at a normal age.  and im totaly fine with that, why shouldnt they use all the wealth they created till the end?

Yes he inherited... care to show evidence of how many in similar situation improved their worth similarly?

Why would anyone finance their own elections? Most investors and rich people became rich because they use other people money to finance their dreams and them after returning the interest rip the profit.

If a brandname isn't a real asset them you better call walllstreet, they have been making money the wrong way for like a century.

Well if you really think that inheriting a paid house can't make you milionaire, just because it won't be easy them you can't rule out he making multi-billionaire (or even billionaire if you want to discount all the rest of his worth)  starting milionaire, because it certainly isn't easy as well.

But sure, let's summarize the convo and just say he is a completely stupid person that only became rich because he had rich friends and inheritance.

he needs to finance his own election because he needs the super rich guy image to win it, and to be super rich because the trump brand is his biggest asset and he needs to play richie rich or the brand will die.

and yes, its easy to get realy rich if you inherit a well run big real estate company that has most of its assets in new york.

if he is stupid or a brilliant actor/conman? i dont know, i realy realy dont know, but he isnt a brilliant or even good business person, his company isnt well run and many people with a background like him have the same amount of money he has, if not more.

bloomberg made trump realy rich with his politics in nyc and the boom nyc saw after that, and his example could ruin trump, bloomberg invested just his own money, and run a huge campaigne in nyc, trump isnt able to finance such an campaigne nation wide, and taking money from other guys would destroy his chances to win.  atm he is ahead of everybody and spend the least amount of money, but that will change when the campaigne starts its next stage with the first primarys.

"We came out of the White House not only dead broke, but in debt"
-Hillary Clinton

B-b-b-but the rich get richer...Trump had it easy.

This is going to be an epic battle of the ages. Both of these men will not leave the set the same way they walked on.

Colbert is gonna destroy him.