We already live in a country where owning capital generates more income than actually working. And this is rapidly getting worse. The GOP has sold the country on blaming minorities, and so things will get much, much worse before they can be better.
> We already live in a country
If you had said $2 million, I’d say that’s closer to accurate, although there’s still a conversation to be had about risk vs return.
Median wage in the USA is globally very high at just over $60k.
4% is the generally accepted safe withdrawal rate (inflation adjusted) from a portfolio for 30 years holding a mix of bond funds and equities. If you’re trying to live off of it for 50-60 years, 3-3.5% is the recommendation.