| ▲ | steveBK123 3 hours ago |
| Americans are weird creatures in this regard. Give them 5% of their compensation / 0.0001% of a company in stock/options and suddenly they think they have become Big Capital. If you need to work to collect a wage to pay your expenses, you are still labor, sorry if that hurts peoples feelings, but it shouldn't. |
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| ▲ | AndrewKemendo 3 hours ago | parent [-] |
| John Steinbeck: “Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires” |
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| ▲ | slopinthebag 2 hours ago | parent | next [-] | | Roughly 18% of US households have a net worth over 1 million, so to some extent, they really are. | | |
| ▲ | steveBK123 2 hours ago | parent [-] | | It's a big number, but it's often tied up in housing in VHCOL/HCOL areas. It also doesn't mean much re: not needing to work in these areas. Also given retirement in US is self-funded via saving/investment instead of pension, someone who wants a comfortable retirement in many areas of this country needs $1M NW by 65 to generate a $40k/year income (above the social security payments which don't go so far) at safe withdrawal rates. |
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| ▲ | bdangubic 3 hours ago | parent | prev [-] | | truer words have yet to be spoken |
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