The rich aren't Scrooge McDuck or Smaug. They didn't have swimming pools full of cash and gold. They are wealthy because the vast majority of their wealth are i

The rich aren't Scrooge McDuck or Smaug. They didn't have swimming pools full of cash and gold. They are wealthy because the vast majority of their wealth are investments. They own large portions of companies. Sure they may have an expensive estate or three and a yacht and private jet, but that is s small portion of their wealth. This is actually one of the reasons I dislike a wealth tax.