Rich Dad Game Online: Breaking Down the Taxation Myth

The notion that the poor and middle class are burdened with higher taxes than the wealthy is a common misconception. In reality, it's the other way around – the rich pay fewer taxes legally, while the poor and middle class should focus on learning from their financial strategies.

In his book 'Rich Dad, Poor Dad,' Robert Kiyosaki highlights the stark contrast between how the rich and non-rich approach taxation. The rich have mastered the art of minimizing their tax liabilities through various legal means, whereas the poor and middle class often find themselves struggling to make ends meet due to high taxes.

The financial crisis of 2007-2008 serves as a prime example of this disparity. Derivatives, which were created by the wealthy and dubbed 'financially-engineered products' by Kiyosaki, played a significant role in the housing market collapse. Despite being responsible for the economic downturn, the poor were unfairly blamed.

The real estate crash was caused by the rich, not the poor, as they had invested heavily in derivatives and other financial instruments that ultimately led to their downfall. Warren Buffett, one of the most successful investors in history, even described these derivatives as 'weapons of mass financial destruction.'

In his book, Kiyosaki emphasizes the importance of viewing a house as an expense rather than an asset. This lesson was initially met with skepticism by publishers, but it has since become clear that the housing market collapse was caused by the reckless behavior of the rich.

Interestingly, the poor and middle class are often the biggest savers, despite being the ones who need their money the most. Today's near-zero interest rates have made saving a losing proposition for these groups.

After each stock market crash, the government and Federal Reserve Bank resort to 'printing money,' which has led to significant wealth accumulation among the wealthy elite. In fact, a recent study found that over 95% of income gains between 2009-2012 went to the wealthiest one percent of Americans.

The divide between the rich and the rest of society has never been more pronounced. As Kiyosaki's book 'Rich Dad' teaches us, the key to financial success lies in adopting the mindset of an entrepreneur or investor rather than being content with a traditional 9-to-5 job.

By breaking free from the shackles of employment and embracing the principles outlined in 'Rich Dad,' individuals can achieve significant increases in income and wealth. The online business platform Shopify is one such opportunity, allowing entrepreneurs to launch their own businesses and reap the rewards of their labor.

In conclusion, the myth that the rich pay more taxes than the poor and middle class is just that – a myth. By understanding how the wealthy approach taxation and adopting similar strategies, individuals can take control of their financial futures and join the ranks of the one percent.

Rich dad game online