Comment on People who say 'the rich get richer, the lazy live for free, and the middle class pays for it all' don't realize how expensive it is to be rich and how close middle class is to being below the poverty line.

khepri@lemmy.world ⁨1⁩ ⁨week⁩ ago

• Tlf@feddit.org ⁨1⁩ ⁨week⁩ ago

  I will add this to my vocabulary as I find it captures the issue in an easy to understand way.

  source

  • khepri@lemmy.world ⁨1⁩ ⁨week⁩ ago

    Thanks, viewing it this way really puts retirement into perspective as well. The big promise of modern capitalist countries is that if you, the Worker, take 25% of your paycheck every day for 40 or 50 years and pump it into the stock market, that perhaps you’ll be able to live in the capital class (aka off money you already have) at an extremely low level for a few years right before you die. That’s really all we’ve been promised and what a lot of people dream of as the peak achievement of trading half your waking life away for decades, to someone who is making more off your work than you are making.

    source