Americans aren't allowed to make certain investments unless they earn $200,000 annually or they're worth more than $1 million — but they are free to gamble.
Americans aren't allowed to make certain investments unless they earn $200,000 annually or they're worth more than $1 million — but they are free to gamble.
Neither is investing in a venture capital fund or a fund that invests in collectible art. These activities are limited to so-called “accredited investors.” The American government would rather people risk money playing casino games they are likely to lose than to invest in a startup that might succeed.
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