> no one should be accumulating millions by doing almost nothing as is the case now
Outside of people who inherit this kind of wealth, who exactly is accumulating millions just sitting on their asses?
Outside of people who inherit this kind of wealth, who exactly is accumulating millions just sitting on their asses?
They're not exactly doing nothing but they're not producing anything of real value. This is a growing problem in the US.
And then you have people earning millions, that at least when compared to the numerous workers being underpaid and actually doing the hard work that generates profit, basically do so little work they may as well be sitting on their asses.
Capital gains taxes don't prevent an investor from making money.