> I've never truly felt financially secure my entire life and even on a good tech salary I still dont cause I'm one layoff in a bad market away from being in a pretty dire situation, with a family to support too.

That's a very good point: You really do need a lot of money in the US to feel reasonably secure for the long term. This might be good for employers, entrepreneurs, investors etc., but since most people in society aren't that, I'd argue that the average quality of life is worse for it.

> If the goal is financial security to the extent that you could not work

This actually seems like an anti-goal to me, societally. Why would we want to disincentivize the people that arguably have the best track record of contributing to progress from continuing to do so?

There's certainly some truth in what you say. I see it as a societal problem that the only way to ensure you don't wind up with less than $X to live on per year is to amass some large multiple of $X. What would be better is a more robust social safety net program that ensure if that one layoff happens and you're out of work, your situation isn't that dire. Like maybe you tighten your belt a bit and maybe if you had stretched for a big house you have to move to a smaller one, but you don't wind up on the street. And in exchange for knowing that we will never wind up on the street, everyone accepts that no one will ever get to own a $100 million mansion or a superyacht or a company worth $100 billion. It seems like a fine trade to me.

$10M invested nets you (comfortably) $400K/year forever.

From that:

- 60k for capital gains tax

- 100k for (exorbitant) education for children

- 40k for healthcare (the most expensive plan on my expensive state's marketplace for a family of 4 is $36K).

That leaves $200k for living expenses. If you can't find a place to live comfortably (anywhere, since you aren't restricted by work) on $200k/year, we have very different expectations from life.

>>You absolutely need $10 million if you want to retire to any city in the US.

And...people accept that as a natural state of being? New York has over 8M residents, do all of them have $10M saved for retirement?

Or is your idea of retirement completely out of sync with what retirement really is for most people?