My father engrained in me the idea that you must earn what you get. I bought my first fishing rod selling seeds door to door and I had to buy my first car myself, but my dad taught me how to work on it myself, that was his gift to me. Being independent saved me money.
He was actually a carpenter by trade (it's what he liked doing) he also was a real estate broker, built houses and then tried to develop property but the bankers & Wall Street sabotaged that in 1979 when the interest rates were jacked up and the artificial recession was created. He was also a real estate appraiser, an honest one and he had worked at the pentagon and had top secret clearance (that’s an even more interesting story).
Making money off of money and betting on market fluctuations and even failures is not earning it. There is a difference between investment and gambling. Investment returns dividends over time and gambling is short term gain. The casino marketplace creates a huge incentive for corruption, generates imbalance, inflated prices and destroys any chance of a "natural marketplace". I am not much for banning anything and having to many controls stifles evolution, yet without wisdom and discipline freedom is soon lost. So what we need is a high tax on the short “gambling” & little or none on the long term “investment”. That fixes the problem although it will need to be given a lot of thought and all the effects must be must be taken into account.
