$250,000 a year isn't rich!

[Хahar 🤔]

Oh, and the $700,000 home someone mentioned.... where I'm from that's insane. For 700 grand it had better be a huge lakefront mansion next door to Cedar Point. Anyone who'd ever consider buying a $700k house is rich and knows it. My parents' house is worth about $120k. They probably paid less than half that amount for it 25 years ago when they bought it off my grandparents. Yup, my Dad grew up in the same house I did. Of course then it was surrounded by corn fields and now it's in a neighborhood, a nice neighborhood at that.

Where I live, a 2,280-square foot house will set you back $1.1 million. It's a bit much.

[Хahar 🤔]

I'd like to raise an issue which I'm not sure has been discussed since I have not looked through the whole thread.  The tax on dividends and capital gains is a paltry 15%.  And I think that is where a lot of wealthy folks are getting off easier than they should -- the low tax rates on investment income disproportionately favors them.

It seems fundamentally wrong to me that making money for doing work is taxed at a higher rate than doing nothing and accumulating money.

[Хahar 🤔]

I'd like to raise an issue which I'm not sure has been discussed since I have not looked through the whole thread.  The tax on dividends and capital gains is a paltry 15%.  And I think that is where a lot of wealthy folks are getting off easier than they should -- the low tax rates on investment income disproportionately favors them.

It seems fundamentally wrong to me that making money for doing work is taxed at a higher rate than doing nothing and accumulating money.

Investments is not "doing nothing", for people who actually work in the field.

And what about people who don't work in the field? They still accumulate money.