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Oct
4
2007
How the Rich Get Richer
Posted at 10:53:42 AM by Lance Turner 0 comments

Ever wonder how they do it? There's the common saying that "you gotta have money to make money." And much of that is true. But the Digerati Life takes a closer look at how the wealthy continue to make it rain:

The rich have started successful businesses.
They do it by starting their own business. They have taken the leap and reaped the benefits of taking that entrepreneurial risk. It becomes a vital cycle: start a business, make money, start another business, make even more money.

The rich get tax breaks.
You get tax breaks when you’re rich. This is usually the case because the rich are business people and business people get tax breaks.

The rich are paid higher and higher salaries while regular people don’t.
In this capitalist society, the experts tend to get paid disproportionately more than ordinary folk. We see how the best chefs are glamorized, a stark juxtaposition against short order cooking and burger flipping; the same gaps exist between the major league ball players vs minor league foks; CEOs vs lower-rung management. We all get rewarded by where we sit in the career / talent / contribution hierarchy.

More on how the rich get it done here.

Why The Rich Get Richer: An Entirely Different Perspective [The Digerati Life] 

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