0 sats \ 0 replies \ @Rothbardian_fanatic 23 Oct \ parent \ on: The Secret Economic Theory Behind the $100,000 Birkin Bag econ
I don’t thin the original entrepreneurs spend money that way. They are self-taught their value of their efforts. They really understand the meaning of the money they earned. I have my doubts about the second and following generations. Yes, they can maintain their money, but in many cases go broke or just maintain the wealth they got by interest and such. Think Rockefellers and Rothchilds, who have an absolute lock on the wealth, versus say the Vanderbilts.