Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by sorum on Wednesday October 16, 2019 @11:14PM
(#21278622)
Valid point. The counter-points I most often come across are:
- Estate taxes: the government wants its pound o' flesh
- Squandering: the wealth is generally gone by the 2nd or 3rd generation. I remember this from The Millionaire Next Door (W. Danko), which is from the 90's, but I haven't come across anything to date stating that the trend has been reversed.
- Estate taxes: the government wants its pound o' flesh
- Squandering: the wealth is generally gone by the 2nd or 3rd generation. I remember this from The Millionaire Next Door (W. Danko), which is from the 90's, but I haven't come across anything to date stating that the trend has been reversed.