There’s quite a bit of difference between someone at the bottom of the working class and someone like a high earning professional that still needs to work, but has a much higher standard of living.
True. But they have much more in common with each other than they have with the owner class. We’re often fighting amongst ourselves while the billionaires are laughing all the way to the bank.
That really depends. A landlord with 10-20 units and a management company may not have to work, but they have a lot more in common with the working class than they do the Waltons or Buffets in the owner class.
In terms of net worth, sure. 10-20 million dollars is pretty much a billion dollars away from being a billion. But in terms of paying taxes? Unearned income pays the least in taxes. Psychology? It depends. If they have big mortgages and have to do a lot of the work themselves and be really careful with money? Then they might not feel rich (and may actually have a low net worth). If they own it all outright and have a employees take care of it all? That’s pretty different.
True. But they have much more in common with each other than they have with the owner class. We’re often fighting amongst ourselves while the billionaires are laughing all the way to the bank.
Yes, they are both closer to homelessnes, than being rich enough to not work.
That really depends. A landlord with 10-20 units and a management company may not have to work, but they have a lot more in common with the working class than they do the Waltons or Buffets in the owner class.
In terms of net worth, sure. 10-20 million dollars is pretty much a billion dollars away from being a billion. But in terms of paying taxes? Unearned income pays the least in taxes. Psychology? It depends. If they have big mortgages and have to do a lot of the work themselves and be really careful with money? Then they might not feel rich (and may actually have a low net worth). If they own it all outright and have a employees take care of it all? That’s pretty different.