Somebody who has scraped together a net worth of 1 million on a dual income household over the course of their life is upper middle class. You don’t get to $10 million or more without being a capitalist. The line is somewhere in there.
Then $50 million is obscene wealth already despite being “only” 5% of a Billion.
Doctor/engineer/lawyer types, especially if they’re DINKs, can easily reach $10 million lifetime wealth in the US just from wages. Although I’ll grant you they usually start investing in various businesses & real estate at some point (what else is there to spend money on?) and thus become capitalists.
Would anyone with millions or close to a million ever not be using that money on some sort of investment? Even my folks who didn’t do anything special have some kinds investment retirement thing going on which does technically make them capitalists as stakeholders. There’s many asterisks in class relationships in modern times.
Somebody who has scraped together a net worth of 1 million on a dual income household over the course of their life is upper middle class. You don’t get to $10 million or more without being a capitalist. The line is somewhere in there.
Then $50 million is obscene wealth already despite being “only” 5% of a Billion.
Doctor/engineer/lawyer types, especially if they’re DINKs, can easily reach $10 million lifetime wealth in the US just from wages. Although I’ll grant you they usually start investing in various businesses & real estate at some point (what else is there to spend money on?) and thus become capitalists.
Would anyone with millions or close to a million ever not be using that money on some sort of investment? Even my folks who didn’t do anything special have some kinds investment retirement thing going on which does technically make them capitalists as stakeholders. There’s many asterisks in class relationships in modern times.
I have a net worth of like $20k or so and I have investments lol I’m not a capitalist
Where do you think investment dividends come from? Your own labor?
Karl Marx was a capitalist I guess