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How can someone take take your income from you ? Assets aren’t income. All assets have a carrying cost / risk, it’s always been that way.

Lose your job, lose your income. That happens increasingly frequently as the pace of change heats up in various industries.

I would think people whose labor is worth $2 million per year also have options, starting with self employment

Not better ones. Self-employment leaves you more exposed to the randomness of the marketplace, not less.

The fewer options you have the riskier your current position. True with income as with assets I guess.