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How much is the monetary value of a professional license worth?

Machine translated

Condition 1
Assume A is a top-tier professional, such as an Oriental Medical Doctor or a Lawyer
Condition 2
Assume an annual after-tax income of 150 million KRW
Condition 3
Assume comparison group B has an annual after-tax income of 50 million KRW
But instead, B starts with 1.5 billion KRW in capital
Condition 4
Average value excluding outliers
The difference between A and B is 100 million KRW per year
The point where A overtakes B is 30 years later
Theoretically, A is ahead of B's 1.5 billion KRW personal assets
B would need about 2 billion KRW to have similar value
Additionally, for professionals,
the possibility of superior genetics in the second generation
and social status or prestige cannot be ignored
In short, I judge it to be equivalent to 3 billion KRW in cash
If it is not personal money but parental money,
since inheritance and gift taxes are 50%,
the parents' net assets would be equivalent to 6 billion KRW
This also
only applies if there is one child
If there are two or more children, based on net assets,
it is comparable to a family with 10 billion KRW
The reason I mentioned an annual salary of 50 million KRW is
that while B might earn much more than that,
looking at it long-term over 30 to 40 years,
this level of annual income is the average
It is even more extreme for doctors
If an Oriental Medical Doctor or Lawyer's license is worth 3 billion KRW,
I judge a doctor's license to be worth about 8 billion to 10 billion KRW
So, fellow professionals, please take pride in yourselves
Don't say things like
"It's better to avoid gift taxes"
or "It's better to grow assets"
All of that is already included in that 5% compound interest

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