4 ms·
It's a complicated issue.. but every person or family that makes a level up transition (without rent-seeking) like. poor -> middle middle -> upper upper -> r
by sremani 7y ago
It's a complicated issue.. but every person or family that makes a level up transition (without rent-seeking) like.
poor -> middle
middle -> upper
upper -> rich/millionaire
millionaire -> billionaire
have my respect.
- tremon 7y agoOnly the first one has my respect. The second one I'm neutral towards, the others fail as human beings in my view.
- Infinitesimus 7y agoWhy do they fail? (Unless you assume the money is hoarded and not used for something meaningful)
- read_if_gay_ 7y agoIf you provide something society needs and people give you money in exchange then how on earth is that failing as a human being?
- mcv 7y agoIt depends a lot on how they make that money. Do they do it by writing a popular, insightful book that everybody wants to read[0], or by running a hedge fund that buy companies, fires half the employees, loads them with debt, and sells them in an IPO? [0] Hasn't this taken JK Rowling straight from poor to billionaire?
- gizmo686 7y agoI think "upper" comes after millionaire. Someone in the middle class should be a millionaire by the time they retire.