In 2019, SF Gate found a household income of around 200k a year was still “middle class” (https://www.sfgate.com/expensive-san-francisco/amp/SF-household-income

In 2019, SF Gate found a household income of around 200k a year was still “middle class” (https://www.sfgate.com/expensive-san-francisco/amp/SF-household-income-192k-middle-class-median-13637536.php https://www.sfgate.com/expensive-san-francisco/amp/SF-househ...). I’d wager that’s a fair bit higher now. Even among those making over 200k, there’s a qualitative difference between needing to work and being able to live off passive income. To say someone making 500k a year has more in common with someone who has immense generational wealth just misses the point. The political incentives are different. I’m obviously aware that all shareholders have a voting stake - but most of their stakes are so small as to be negligible.