No hate for the middle class. I can't help but enjoy the irony of people who thought they had solidarity with capital talking like Ned Ludd all of a sudden.
this post was submitted on 28 Jan 2024
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Keep in mind the middle class make $400k a year. Why would anyone making that much money need a job?
Is this a trick question?
No. Some people make money on investments alone. That’s not much of a job, that’s inheritance or other forms of wealth.
If someone is making 400k a year through investments, they are well beyond middle class because the amount of capital you need to do 400k year over year is significantly out of reach to the working class.
If your gross income is 400k a year, you're doing pretty good, but if it's the result of the work you're doing, the reason people don't "just stop working" is because they wouldn't be making 400k a year anymore.
Is it possible that you just absolutely butchered what you intended to say in your original comment? That maybe you forgot some words or left something ambiguous that people are misunderstanding? I think people are pretty comfortable with the concept of growing wealth via investments, but for it to be enough to make "not working" an option (as your original comment seems to suggest) for the middle class is... Obviously not the case.
You misunderstand. The american GOP defines middle class at $400k.
Because if they don't have a job, they're making $0 a year, which is not really a great salary.
That's like asking if the slaves really should be freed if they're the master's favourite?
Job meaning working for a living. Wealthy have another option: they can let their money work for them. This isn’t an intro into a trading seminar, just a statement of fact.