I have to admit, I really like reading Walter Williams. He is a very practical economist who teaches at George Mason University. Today he wrote an article about the dynamics of the rich in America. Most people who are rich have become rich through their hard work and good ideas.
People in America who start out poor statistically move up the tax brackets until they land on the highest. He also cites "The Millionaire Next Door" by Thomas Stanley. I'm going to have to pick this book up, as it has been mentioned by a number of people I respect as a good book analyzing the practices of the rich in America.
1 comment:
Thanks for the offer, Curt. I might take you up on it!
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