My dad worked as a programmer (idk the official title) for a decent sized company. Always contributed to his 401k enough to get the employer match, and added more each time he got a raise. Between the paid off mortgage and 401k balance his net worth is over $1 million. He was only ever an employee, I don’t think he exploited anyone. Bought himself a new set of golf clubs to enjoy when he retires. His last set was one his family got him for graduating high school.
They’re talking income, not net worth. The people who make in a year what your dad managed to accumulate over a lifetime. That’s why his lack of exploiting others is irrelevant.
My dad worked as a programmer (idk the official title) for a decent sized company. Always contributed to his 401k enough to get the employer match, and added more each time he got a raise. Between the paid off mortgage and 401k balance his net worth is over $1 million. He was only ever an employee, I don’t think he exploited anyone. Bought himself a new set of golf clubs to enjoy when he retires. His last set was one his family got him for graduating high school.
They’re talking income, not net worth. The people who make in a year what your dad managed to accumulate over a lifetime. That’s why his lack of exploiting others is irrelevant.
The exact quote was:
“Nobody gets to be a millionaire without exploiting people.”
A millionaire is anyone whose net worth is at least one million.
The criticism was valid. They didn’t specify income. If they intended to, they should have said that.