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Only on hacker news is someone who will "retire with up to - lets say $10 or $20M in the bank" not rich and seen as someone who couldn't " choose at any point,
by nullc 4y ago
Only on hacker news is someone who will "retire with up to - lets say $10 or $20M in the bank" not rich and seen as someone who couldn't " choose at any point, not to be employed for a wage, and maintain your current consumption pattern or grow your consumption indefinitely".
- aftbit 4y agoYeah, if I had $4M in the bank today, I could retire indefinitely at my current level of consumption. If I were 62 and had $10M in the bank (in 2023 dollars), I would definitely 100% be set for the rest of my life.
- AndrewKemendo 4y agoBut notably you wouldn't be an oligarch or what would be considered powerful as "Capital" You still spent 62 years tied to someone else's money, instincts, whims etc...making sure a labor class doesn't form by not supporting Unions, not forgoing bonuses or quitting companies that are unethical. So it's in many way's worse than being Capital, cause it's enforcing the never ending push from capital to alienate, ripoff and deprive workers basic human rights. My favorite rejoinder to this is "yeah that's real life" or some other cynical platitude that simply accepts wage slavery, and the wage slavemasters as an acceptable state of affairs.
- AndrewKemendo 4y agoThe entire point is that this is the UPPER limit of someone who is not in the capital class - I've seen people with 10M consume it all because their greed takes over and they never make it to the promised land of "generational wealth" again just more example. "The Rich" aka "petit-bougeoise" aka the "wannabe capital class" aka the "fuck-you-money" is precisely what I'm describing as the problem You're simply telling me that you want to be in that class