As for CG taxes, they don't apply if you don't sell, and no CG taxes are owed if the gains are less than $49,000.

> And what if they bet wrong?

Everything in life is a risk. The idea with stocks is to diversify, which you can do by buying an ETF.

This is simply false. Oprah grew up on welfare and is a multi-billionaire.

> Telling them to buy more lottery tickets

The math on lottery tickets is negative. The math on stocks is positive.

The book "The Millionaire Next Door" is a recipe for ordinary people becoming wealthy. You can't afford not to read it.

When you create a valuable thing, you can use it as collateral for a loan. The bank literally creates the money to loan out out of nothing. When the loan is repaid, the money is destroyed.

Think of a dollar bill as an "IOU $1" (which it pedantically is), and it'll make sense.

There are no Scrooge McDuck cash vaults.

My grandfather's business operated out of an 8*8 shack.

After my dad passed away, I was shocked to discover that my first salaried job paid more than his last salaried job.

These days, anyone can get a free K-12 education, and then loans for college. Generational wealth is not required.

Of course they can. They can invest, say, 20% of their income into stocks. They can borrow money to invest into stocks, too.

I know a minor NVIDIA employee who is worth well over 8 figures. Amazon zillionaires abound around here.

Under communism, it's the other way around!

I.e. employing people

Hence, it is less risky to just leave it vacant.

Rent control has all kinds of self-defeating consequences.