This is a video that explains how retirees of different levels of income/wealth manage their retirement account. The video says that the Top 1% engages in “Tax Arbitrage Mode”. I’ve been doing that for more than 30 years, long before I reached the 1%. It’s probably the #1 reason I’m there.
Wealth isn’t created by whatever productive activity you’re doing. It’s the absence of taxation over decades and decades. And preventing yourself from getting skimmed and scammed.
intercst