Re:Good news. (Score 1)

The only real fact about wealth which is not a mirage is the old saying "The Rich get richer and Poor get poorer". By its very nature money flows towards those who know how to get it and keep it (The Rich) and away from those who do not (The Poor).

I think it would probably be more accurate to say "By its very nature money flows towards those who *have it* and know how to get it and keep it (The Rich) and away from those who do not (The Poor)." It's a lot easier to have your money work for you when you have some money to "play with", so to speak... risking capital is generally a luxury afforded to those who have capital to risk.

Actually, "By its very nature money flows towards those who ..." control in some way access to a necessary or desirable resource. This may be by means of controlling the results of production (not really the means as Marx thought). This may be by thuggery, or by organizing workers, etc.

Having money already only helps in such matters. More generally, those who have been able to get rich in the past will (usually) be able to get richer in the future and those who have not done so are not likely to do so in the future.

Not that the poor can't become rich with sufficient skill or luck (or the rich can't become poor with vastly insufficent skill or luck),

No amount of skill is sufficient if someone else controls the results of applying that skill.

but it's easier to make a million bucks when you already have that first million, even if you just inherited it from daddy...

That first million is useful in acquiring the vital control that I mentioned above. It may in fact be vital in acquiring that control (by means including owning Marx's "means of production" or owning distribution channels or by means of buying influence with a goverment that is controlling or rgulating the normal flow of commerce.