The problem with this strategy is it makes it even harder for the middle class to one day become…
Stewart Christensen

And this is what the uber wealthy love to hear. That “American Dream” that one day we’ll all be just stupid rich, well maybe not all of us, but one day “I” will be stupid rich so “I” need to make sure that when I get there I’ll be set up. The rich are protected, and you’ll still be screwed.

Also a lot of the taxation of gains is meant for people that live off the gains as their income. If you don’t have a job but you’re rich enough where your gains give you $300k a year then you should be taxed off that as your income. If you gain $5k in a year and you’re reinvesting it then you shouldn’t have it taxed like income.

Like what you read? Give Erik Bigelow a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.