[JumpCrisscross]

> American system is set up for transfer of wealth not accrual

Simply untrue when you look at the money made in stock options.

The transfer happens from the lower and middle to the elite; the same occurs in Europe, where the ultra rich pay almost no taxes after accounting for tailor-made subsidies. (To say nothing of Europe’s own mass of FIRE millionaires.)

> I'd rather pay of my half million mortgage while being protected in many many ways than facing complete wipeout

You’re not at risk of wipe-out from those risks in and above the upper-middle class, i.e the group who could reasonably support sending a child overseas for schooling. (Total emigration is a separate question.)