Dear CNN: America Has More MILLIONAIRES Than Sweden Has Swedes – Is That ‘News?

Written by Wes Walker on March 14, 2019

It’s the dirty little secret the Bernie Bros won’t admit: America is STILL truly a land of opportunity.

Back in 2011, Bernie Sanders derisively called several South American countries (including Venezuela) the ‘REAL’ places where the American Dream can be realized — on his Senatorial government site, no less! History has since shown us just how unsound his judgment really is.

A new study has shown just how much opportunity there really is for an American willing to work hard, better himself (or herself) and take some risks.

You can throw a stone in almost any direction these days and have it land at the feet of an American millionaire.

Bernie should know — the man owns three homes. He is, after all, a true ‘Champaign Socialist’ indeed.

Meanwhile, in America…

The number of wealthy households in the U.S. reached a new high last year, roughly equivalent to the entire population of Sweden or Portugal. More than 10.2 million households had a net worth of $1 million to $5 million, not including the value of their primary residence, according to a survey by the Spectrem Group. That’s up 2.5 percent from 2017.

…Ultra-high net worth households — those with assets between $5 million and $25 million — increased 3.7 percent to about 1.4 million in number, while those in excess of $25 million grew by about 0.6 percent to 173,000, according to the survey. The number of Americans in the wealthiest category has more than doubled since the Great Recession, the survey found, even as the rate of increase has eased.
Source: Bloomberg

Yes, yes, we know…

Cue all the usual class warfare complaints about income disparity, etcetera.

But how would he explain the immigrant family who works long hours, invests in a small business — a restaurant, or corner store for example — builds it into a thriving business over the span of a decade or two of hard work, and leverages that into an upper-middle-class or better lifestyle for the entire family?

Could the Socialists complaints about how the system is ‘rigged’ be trying to solve the wrong problems?

What if we made an effort to create a nation of citizens who had financial literacy taught in school with as much interest as, say, Sex Ed?

What if we encouraged risk-taking and entrepreneurship among ALL communities, and held up examples of success stories that could inspire even those who may think that door is closed to ‘someone like them’?

Stories like Starbucks founder Howard Schultz who grew up in the projects in a broken home; scholar Thomas Sewell; or Neurosurgeon Ben Carson?

This is America.

Where you begin in life, and where you end might figuratively or even literally be WORLDS apart.

But if you’re trapped in the politics of envy and contempt, chances are you will be blinded to those opportunities. Mostly because they come disguised as risk-taking, deferred gratification and hard work.

 

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