Many rich people still earn a paycheck. YOu can be on payroll making 500k and have a stock portfolio worth 10mill, this is common for boomers who started investing in the 70s and 80s. A portfolio of that size will easily throw off 500k in dividends a year.
My point is that a large paycheck does not mean you are not paid wages. I get your point though, billionaires probably are not taking a salary.
>You can be on payroll making 500k and have a stock portfolio worth 10mill, this is common for boomers who started investing in the 70s and 80s. A portfolio of that size will easily throw off 500k in dividends a year.
What is your definition of "common"? Less than 1% of people have savings of $10M at retirement age, surely more than 1% of people started investing in the 70s and 80s.
Because of the economical impact of locking down the economy and giving money to everyone.
> Rents for the rich are plummeting
Because they don't need to live in expensive central hubs to get their high wages and there is less demand for their luxury flats.
Also, this lax definition of rich people is exactly how the richest 1% can stay hidden.