“There are basically only five ways to accumulate a billion dollars, and none of them has to do with…”

“There are basically only five ways to accumulate a billion dollars, and none of them has to do with being successful in a genuinely free market.”

The first way is to exploit a monopoly.

A second way to make a billion is to get insider information unavailable to other investors.

A third way to make a billion is to buy off politicians.

The fourth way to make a billion is to extort big investors.

The fifth way to be a billionaire is to get the money from rich parents or relatives.

For details on each of these points see source here: Billionaires fear Warren and Sanders – but they should fear us all

Robert Reich, American economist, professor, author, and political commentator. He served in the administrations of Presidents Gerald Ford, Jimmy Carter, and Bill Clinton. He was Secretary of Labor from 1993 to 1997. He was a member of President Barack Obama’s economic transition advisory board

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