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I think your own perspective may skew things a bit. If you're already in the top 20% (which most HN posters probably are due to their profession and education)
by leoedin 7y ago
I think your own perspective may skew things a bit. If you're already in the top 20% (which most HN posters probably are due to their profession and education) then you may well know a lot more 1%ers than you realise. Probably most of the "rich" people you know are well into the 1%.
- luckylion 7y agoPossibly, my point was just that I consider the extreme form of wealth (aka billionaires or close to it) not the distinguishing feature of the upper class, the lower limits of that class are much lower (relatively, it's obviously still not easy to achieve). I wouldn't consider myself middle class with capital gains north of the median income, but I don't have a clear cut criteria to apply here.