Immigrants are 3-4x more like to become millionaires than non-immigrants.

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1sikbITCH

Diamond Member
Jan 3, 2001
4,194
574
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Them coming here is proof they're looking to better their lives, makes sense. However, I'm not sure they're likely to become more "successful"... wealthy maybe. Success is subjective.

What is success to you? A welfare check and government medical card? Van down by the river? LOL
 

maddogchen

Diamond Member
Feb 17, 2004
8,903
2
76
its hard to escape some of these poor countries. only the best and brightest with money to afford the bribes or pay to get through all the red tape can come over legally. So they are really smart already so its not shocking they do well here.
 

WHAMPOM

Diamond Member
Feb 28, 2006
7,628
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Don't you know how it goes, "the immigrant granparents build the business, their children inherit it and the grankids bankrupt it." Unless you are a Walton with business managers running the company.
 

shortylickens

No Lifer
Jul 15, 2003
80,287
17,078
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Don't you know how it goes, "the immigrant granparents build the business, their children inherit it and the grankids bankrupt it." Unless you are a Walton with business managers running the company.

Probably true.
Paris Hilton is a moron and she's pissing away money like crazy.
 
Feb 25, 2011
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Probably true.
Paris Hilton is a moron and she's pissing away money like crazy.

If only that were true. She's a brand, worth a crapton of money, and most of it is because of a sex tape and clever marketing, not the relative pittance she got from her family before they cut her out of the will.

She has that in common with the Kardashians.
 

mikeford

Diamond Member
Jan 27, 2001
5,671
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Visit a few of the top schools in the USA, and look at which students are working the hardest and doing well. That isn't magic, and it isn't just hard work, less than 10% of people are smart enough to do that well.

OTOH guts and hard work will make a success of a small business in a tough neighborhood.
 

mikeford

Diamond Member
Jan 27, 2001
5,671
160
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By libtard you mean the anti immigration Trump?

Libtard, somebody that doesn't understand being against an open border and illegal immigration, doesn't make you anti immigration, it just makes you not stupid.
 

nexus5rocks

Senior member
Mar 12, 2014
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1sikbITCH

Diamond Member
Jan 3, 2001
4,194
574
126
nexus that still leaves plenty of immigrants to hit the 7 digits. Immigrant workers are more inclined to start a business than natives are in the first place which gives them a greater chance to become a millionaire. Here are a couple of sources:

https://www.sba.gov/content/immigra...ess-owners-and-their-access-financial-capital


  • Immigrants are found to have higher business ownership and formation rates than non-immigrants.Roughly one out of ten immigrant workers owns a business and 620 of 100,000 immigrants(0.62 percent) start a business each month.
  • Immigrant-owned businesses start with higher levels of startup capital than non-immigrant-owned businesses. Nearly 20 percent of immigrant-owned businesses started with $50,000 or more in startup capital, compared with 15.9 percent of non-immigrant-owned businesses.

http://www.renewoureconomy.org/rese...all-business-creation-in-the-united-states-2/


  • Immigrants started 28% of all new U.S. businesses in 2011, despite accounting for just 12.9% of the U.S. population
  • Over the last 15 years, immigrants have increased the rate by which they start businesses by more than 50 percent, while the native-born have seen their business generation rate decline by 10 percent
  • Immigrants are now more than twice as likely to start a business as the native-born
  • Immigrants start more than 25% of all businesses in seven of the eight sectors of the economy that the U.S. government expects to grow the fastest over the next decade. These include health care and social assistance (28.7%), construction (31.8%), retail trade (29.1%) and leisure and hospitality (23.9%), among others