1) Manage, work hard, and save, save, save; and you might get lucky after a lifetime.
2) Borrow, and manage; and you might have a million dollars this year.
Me, I'd rather owe a million dollars than own a million dollars.
3) Have wealthy relatives. Be born rich.
If you have weathy relatives, it doesn't matter if you screw up.
The well will never run dry. Your spending will be controlled by their handouts.
If you have a million dollars, and you screw up
You risk money that took you forever to save (unless you got lucky somewhere).
If you lose it, you will probably commit suicide, in shame.
If you owe a million dollars, and you screw up
You don't risk any of your own money.
If you plan it right, you don't even risk a bad credit rating.
And if you funnel money off while you have it, you can run circles around hard working people saving $1,000 a year.
If you lose it, you'll walk away laughing, and you'll do it again.
We all should have learned a lesson from Enron, don't you think?
Of course, I'd hope noone would build their credit to borrow $1,000,000, just to go bankrupt.
I'd hope people would borrow $1,000,000 to create commerce.
The way I see it, the plantation owners and the slaves still exist.
The only difference now is that the slaves aren't centrally located on plantations, and they don't know that they are slaves.
Fear keeps modern slaves picking cotton, just like it did 200 years ago.
Instead of fearing being tarred and feathered, people today fear losing their car, house, and dignity (whatever thats worth).
The game is self perpetuating for the modern day plantation owners.
They offer credit to anyone. They buy and let others pay.
They've spread news about how to better your struggles when you can't pay your bills.
What they've done is, they've managed to keep people working. People must work.
People buy things they can't afford. It keeps them working.
It is a very good system.
People who don't work are shunned.
They are shown as the homeless, the impoverished. The welfare people.
I would think the majority of non-working US citizens are born rich.