What the Rich Won't Tell You

I don&#x27;t have anything against the wealthy, but it kind of irks me when people with inherited wealth try to maintain some illusion that they&#x27;re financial geniuses.<p>Personally, I grew up thinking my grandfather was a great businessman but eventually realized he inherited everything from my grandmother&#x27;s family.

Discussion two days ago; 43 comments:<p><a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=15199197" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=15199197</a>

If you feel embarrassed that your maid will know you buy $6 bread, buy $3 bread and give your maid $3.<p>Instead, they peel the sticker off.

My dad is retired, I&#x27;m 20 years old, he&#x27;s 49. I just say he&#x27;s an investor. I used to explain to people how it was possible for him to be retired, without being a movie star or lottery winner with index funds, but they looked at me like I was selling a Ponzi scheme. I guess me making a throwaway for this says something.

One thing that many wealthy have that I hope technology will allow more not-quite-wealthy people to have is someone to clean and cook meals on a daily basis.<p>I think that this may even be possible before we have truly general AIs. My own view is that the main thing holding this back is combining the latest advances in neural networks with some AGI concepts and then more biomimetic and performant artificial muscles and limbs. For one thing maybe activating like real muscles, a bit away from the joints, to provide more leverage versus motors in the joints. I don&#x27;t know exactly but I think going more close to biologically inspired mobility for robots can reduce the gap between robots and animals in terms of dexterity and power-to-weight ratio etc which seems to really be lacking.

This kinda reminds me of how my mother used to insist that we cleaned our rooms before the maid came because &quot;What would she think of us?!&quot;.

I wonder if we&#x27;d prefer a system where the majority of wealth after death goes back into a national trust and is immediately re-dispersed back and divided among all citizens...the national inheritance if you will.<p>Of course there would be implementation issues.

Most rich people are rich because they are frugal, save money, and invest. The person this is about is the exception not the rule.

Every child deserves start up money.