/r/50501 Mirror

Don’t confuse high income earners with wealth holders.

Wealth holders don’t have to work. Someone with 500 million $ in assets gets 5% returns, ie. 25 million $ per year by doing nothing.

They then use this money to buy more assets from you. This is why you can’t afford a house. They have too much money to spend just from passive income.

They also can’t move away. They can, but their assets can’t. The assets are shares of businesses, houses, land, etc. they can’t take that with them.

Tax wealth not work.