Member-only story
Should you feel sorry for Rich People?
Eat the rich.
Are you a millionaire?
This is what I hate about the “news.”
Every headline reads, “Biden raises taxes!” or some variation thereof.
Except it’s not true.
Unless you have money.
I know seven millionaires.
None of them look, sound or act rich.
It is a trait I admire.
They live in nice homes. They drive decent American made cars. One has a truck that’s worth 80,000, but it’s his “work” truck.
All of these people made their money owning their own business.
They have stocks and ETF’s in their retirement funds, but from what we discuss, all their money comes from their business.
And they use tax laws to their advantage.
So while they are worth a million dollars, and have money to spend, they don’t have one million dollar bills stuffed in their mattress or sitting in a bank.
And their taxes aren’t going up.
Because they make money doing real work, and not inflated created money from capital gains. (mostly stock market.)