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It depends, there are doctors and lawyers and bankers who run their own practice or firm and are business owners and there are ones who work for others. "Making
by imgabe 7y ago
It depends, there are doctors and lawyers and bankers who run their own practice or firm and are business owners and there are ones who work for others. "Making partner" is basically moving from the labor class to the ownership class.
- rayiner 7y agoThere's a multiplier effect, but it's still all labor income (and taxed as such), not capital income. Approached from the other side--someone who cleans houses may hire some helpers (and get a share of the output of their labor). But few would consider an independent house cleaner to be upper class. The distinction, historically, was not about capital versus labor. It was about white collar work that allowed a lifestyle where you could have most ordinary things without worrying about money.