Does it matter? These are just concepts.
Ultimately, supporting the working class helps everyone.
Comment on Who are the "middle class" supposed to support in the class stuggle?
DeathByBigSad@sh.itjust.works 2 days agoI have relatives that own their house as well as a few rental properties, but they also work normal jobs, they get the new iPhone (or sometimes Samsung Phone) every year, they rarely use public transit, always drive their cars. I’m assuming they have health insurance as well. And I also heard they have other investments besides rental income (as in stocks)
Now I don’t know if they need to work, but they definitely have enough rental income to get by even if they lose their jobs.
Idk what class that is supposed to be.
A_Union_of_Kobolds@lemmy.world 2 days ago
garbagebagel@lemmy.world 1 day ago
I think an easier interpretation than the “owners vs workers” in this day and age is, are they billionaires. If you’re not a billionaire or close to it, you should be on the side of the working class.
The billionaires that make up only 1% of the population ans own nearly half the wealth of the entire world are the problem.
Bubbaonthebeach@lemmy.ca 1 day ago
$10M and up would probably qualify. Below that, people would still need to work to maintain what they have with some measure of comfort and dealing with risk, inflation. Above that, they should be able to be self sustaining without working for a paycheque.
sunzu2@thebrainbin.org 1 day ago
You don't need to be a billionaire.. 10 million plus is sufficient to never have to work again if you are not absolute degenerate and know how to manage money.
100 million if you have to cosplay being "rich"
blarghly@lemmy.world 1 day ago
1 million is commonly agreed upon in the FIRE community as the number to hit to have a confortable retirement in perpetuity. Following the 4% rule, you could withdrawal $40k each year to live off of and would almost certainly not run out of money before you die, even accounting for inflation.
sunzu2@thebrainbin.org 1 day ago
That number doesn't math... Unless you also have a paid off house.
despoticruin@lemmy.zip 1 day ago
Honestly you can just remove the ambiguity and put the number right at 1 billion dollars of net worth. Up to that point is obscenely wealthy, but a billion is the line that guarantees the majority of your wealth came directly from the exploitation of the masses.
You can’t ethically make a billion dollars as an individual when the working class sees 1/10,000th of that in a year as doing fairly well in most areas.
Bubbaonthebeach@lemmy.ca 1 day ago
Ethically, the bar is much, much lower. By the time you have $25M net, you had to have exploited someone to get there and you’d have the clout to make at least local politics bend in your favour.
Bronzebeard@lemmy.zip 3 hours ago
Eh… There’s definitely ways to obtain that much without exploitation, although rare.
blarghly@lemmy.world 1 day ago
Chill out, dude. Somebody’s gotta fund your revolution.
prole@lemmy.blahaj.zone 1 day ago
Sounds to me like petite bourgeoise
Stillwater@sh.itjust.works 2 days ago
Sounds like they are not part of the owner class
A_Union_of_Kobolds@lemmy.world 2 days ago
Theyre landlords so yes, they basically are
Rhynoplaz@lemmy.world 1 day ago
When I bought my current home, I rented out my previous home to friends of friends. They covered the payments on that house until they were in a situation where they could get a loan to buy it from me. There were no yachts or caviar for me during those years.
Renting out one or two homes doesn’t make someone “owner class”.
A_Union_of_Kobolds@lemmy.world 1 day ago
“My uncle Greg is one of the good ones” yeah yeah I’ve heard it before, go read some theory
SkyezOpen@lemmy.world 1 day ago
but they definitely have enough rental income to get by even if they lose their jobs.
You had them cover your other mortgage. These people can coast off of rent money. You are not the same.
Lasherz12@lemmy.world 1 day ago
I think the line is when the primary bread winner is your tenant. Covering costs of mortgage only is a nice thing to do, profiting off of them beyond the mortgage is exploitation. That’s the difference, your assertion at the end is highly dependent on how they choose the rates for said houses and whether they profit off the work of others in that transaction.
jcr@jlai.lu 6 hours ago
“they have health insurance”. It is a given in quite a few countries. No link to being wealthy. Driving your car is not about being wealthy, dependant low wage workers have to drive to go to the factory too.
The stability of the owner class comes from the lack of necessity to labour to have spending money. You can be a wage worker like Emmanuel Macron, president of France with a current wage of net 8k€ ; but he just sold his wife inherited house for 3m€, when they got it for 1m€ (1.5m after the tax bureau caught him for under-valuating it). This is not working class.