canicode

You could say that for just about anything, including Tesla...

I felt sick reading that, I think you need to get yourself checked out.

Would you like a socialist society? Do you want a welfare state? I don't. Why shouldn't some people be able to afford luxuries like names on buildings?

If something is going to have an effect on profits, you can bet on the fact that a company will fight against it, hard. Because SHOCKER the point of a business is to generate PROFITS.

I think you're wrong in thinking that businesses will just give up, and take lower profits. No. They're going to cut hours, fire anyone they can, etc. to maintain their existing profit levels.

Most people get wealthy by working for other people. Depending on what you call wealthy. 1-2M in investment accounts and a paid off home is very affluent/wealthy to me.

Also, to say those people aren't creating wealth is very offensive.

That's completely wrong. Invest in a mutual fund monthly and you'll be amazed by the power of compound interest.

Mid and lower class people can definitely get rich by saving. Of course their savings don't add up to millions, but you're completely disregarding the returns of a decent mutual fund. At 4-7% real returns, the amount they have after a 20-40 year period is wildly different from the raw amount they've put in/saved, due to the power of compound interest. So although they haven't SAVED millions, they HAVE millions.

I can't believe people on a forum such as this are completely financially illiterate. The 7% rate is already inflation adjusted. The nominal rate is about 10%. So plug in a 7% real return. The result will be in 2015 dollars.

Can you explain how the "maths just don't work out"? I'm pretty sure saving IS the way to wealth for the overwhelming majority of people.

This honestly sounds like it's straight from one of the Facebook posts with clouds in the background.