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If someone needs $40,000 per year for survival while making $30,000 per year from capital investments and $10,000 per year from labor, they are upper class[1],
by 9rx 1y ago
If someone needs $40,000 per year for survival while making $30,000 per year from capital investments and $10,000 per year from labor, they are upper class[1], but need to work to survive. Sure, long term, a talented hire might be able to transform that capital from earning just $30,000 per year into much, much more. But, in the interim the need to work to survive would only intensify.
[1] Some might call it upper-middle class instead, but the concepts remain the same.
- amelius 1y agoI honestly don't understand what point you are trying to make. Yes, there will be a level of income below which you will have to work. Yes, there will also be a level of income above which you will certainly not have to work, given half-decent management of your wealth. And yes, there will be an area in between where you may or may not need to work.
- 9rx 1y ago> I honestly don't understand what point you are trying to make. We noticed. Oh well. Can't understand everything, I suppose.