And then there's the law of unintended consequences - - the businesses who no longer make money because of the tax will shut their doors and/or move to a low tax state (I hear much of Silicon Valley businesses are moving to Austin TX which might explain the RE appreciation there) and Puerto Rico has tax incentives for corporations for moving there- the businesses (LLCs & Corporations) that leave (or go out of business) will no longer pay the minimum $800 franchise tax (or any other tax)- the wealthy that might be subject to the "wealth tax" will just leave (Peter Schiff leaving NJ for - I forget - moved to FL and business in PR?)

Remember true wealth is built with appreciation not cash flow.I, as an OOS investor for about 9 years myself, realized the same problem about 5 years ago, and I started to buy high value properties, most of them are fourplexes. 

The post that began the thread was something along the lines of "Debt is not a tool to make you wealthy.

Though many low-wage workers probably couldn’t have bought a home before the crisis, our county’s economic pain has been felt on a sliding scale, with middle-income households hit less than low-income households, but harder than the wealthy.

Stay healthy and wealthy, my friends!

In my opinion, wealth is built through stocks and small business ownership.

This is a get out of jail free card for dishonest tenants.The only out for landlords is to sell and have the new owner move in, forcing an eviction.There's a good Times article about how small-time investors cannot be compared apples to apples with corporations/wealthy investors - and how moratoriums are hurting small landlords which is generally bad for affordable housing (strapped landlords will be forced to sell) - but I'm not sure if linking articles is allowed here.

Once you are wealthy enough with passive income to cover your lifestyle, you can start a foundation or other non-profit to help people less well-off than you are.

The delta continues to grow along with your depreciation, and that’s how generational wealth is created.The CARES Act and What Does It Mean for You The CARES Act was adopted to support people during the pandemic.

My twin brother and I left the accounting world after reading the famous "Rich Dad Poor Dad" and wanted to start investing in real estate to create long term wealth.  I