Reply #8: As a business owner myself... [View All]

[ForFuxakes]

I find a couple of flaws with your argument...

1. Have you ever tried to get a business loan from a bank (or even a SBA)?

2. (Nit picking here) you can not make the stuff in your house.

How do I know this...b/c I accually tried this very thing (HotDog Stands) and they are a tough business to have. But I understand the gist of your post...

More often than not, people are not "self-made" millionares...it is passed on from gen to gen. Investors run in circles and only invest in those ventures that offer the biggest return on investment or work within the good ol boy networks.

I now have a staffing agency and I could go on for hours about how hard it is to start and maintain your own business. If you look at the American economy over the past 100 years, you will see consolidations and mergers are the norm today. Very few "new" businesses are out there. So my point is this. Most wealthy people today are not wealthy by their own design, rather they have piggy-backed on the ideas of others to catipult themselves to wealth.