A recent letter writer stated that “There is a difference between wage income and capital gains. There is no risk when you have a job” (TNT, 2-21).
Of course there is. People invest in their earning potential all the time. People invest money and time to get licenses, certifications, college degrees and so forth. There is no guarantee that those investments will pay off. Just ask the millions of people out of work if investing in themselves has always paid off. Total college loan debt is almost $1 trillion and rising.
Human capital is created by investment from past …