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Americans are weird creatures in this regard. Give them 5% of their compensation / 0.0001% of a company in stock/options and suddenly they think they have beco
by steveBK123 7mo ago
Americans are weird creatures in this regard. Give them 5% of their compensation / 0.0001% of a company in stock/options and suddenly they think they have become Big Capital.
If you need to work to collect a wage to pay your expenses, you are still labor, sorry if that hurts peoples feelings, but it shouldn't.
- AndrewKemendo 7mo agoJohn Steinbeck: “Socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires”
- bdangubic 7mo agotruer words have yet to be spoken
- slopinthebag 7mo agoRoughly 18% of US households have a net worth over 1 million, so to some extent, they really are.
- steveBK123 7mo agoIt's a big number, but it's often tied up in housing in VHCOL/HCOL areas. It also doesn't mean much re: not needing to work in these areas. Also given retirement in US is self-funded via saving/investment instead of pension, someone who wants a comfortable retirement in many areas of this country needs $1M NW by 65 to generate a $40k/year income (above the social security payments which don't go so far) at safe withdrawal rates.