The secret to being rich is surprisingly simple
Life is a lottery, and the most important part isn’t how smart you are or even who your parents are. It’s where you were born.
That, at least, is what economist Branko Milanovic found when he broke down how much people in different countries make at different income percentiles. That lets us figure out, for example, that the bottom 1 percent in Germany are better off than all but the top 40 percent in China. And that more than half of what you — yes, you — earn is determined by the country you live in. But really, when you consider the fact that only 3 percent of the world’s population are immigrants, it’s determined by the country you were born in.
Source: The secret to being rich is surprisingly simple – The Washington Post
My Comments: Pretty good read….
Tags: immigration, money, riches, richness, wealth
