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I think the number of top earners that get their money from investments isn’t a very significant number compared to the top earners via labor. They might make a
by aqme28 4y ago
I think the number of top earners that get their money from investments isn’t a very significant number compared to the top earners via labor. They might make a large percentage of the money in that top 10%, but there aren’t nearly as many of them.
- sandworm101 4y agoOnly if you remove real estate income. A great many of the top earners (say 100-200K/year) are pumping their money into property via mortgages on their houses. After say 30 years of work, what percentage of their net wealth will be from salary and how much from property appreciation? Then in their 30+ year retirement, how much will come from investments stemming from that original salary?
- aqme28 4y ago100-200k people a year is still a small fraction of top earners. You're looking at millions in the top 10% of earners.