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Edge cases do not negate the whole point. For example, I'm pretty sure you can find a billionaire who's very cash-poor, i.e., wealth is locked up in the value o
by blackhawkC17 2y ago
Edge cases do not negate the whole point. For example, I'm pretty sure you can find a billionaire who's very cash-poor, i.e., wealth is locked up in the value of a private company. Does not change the fact that anyone with $1 billion+ of net worth is ultra-rich.
Whatever the edge case may be, anyone with $1 million+ annual income and $10 million+ in assets is undeniably upper-class, including your hypothetical farmer. Note that I never claimed their assets should be taken...just stating an objective definition for upper class.
- Detrytus 2y ago> For example, I'm pretty sure you can find a billionaire who's very cash-poor, i.e., wealth is locked up in the value of a private company Donald Trump comes to mind, struggling to pay $464M bond set by New York judge.