The working class and the capital class = The slave class and the ruling class.
Furbag@lemmy.world 1 day ago
Lower, middle, and upper class is such an antiquated way of dividing people into groups to keep them at odds with each other.
The fact of the matter is, there are truthfully only two classes. The working class, and the capital class. 95-99% of individuals fall into some strata of working class. If you earn a wage, a salary, or a commission in order to purchase basic necessities- you are working class. If your money makes you money simply by existing, and your assets passively appreciating in value mean that you do not have to work for a living in order to buy basic necessities, then you are in the capital class.
FahrenheitGhost@lemmy.world 13 hours ago
iii@mander.xyz 18 hours ago
Most people are a bit of both, no?
Furbag@lemmy.world 13 hours ago
Ideally, everyone would be in a position to break into the lowest strata of the capital class by the time they reach retirement age and can no longer work. For most people, that translates into a, IRA or 401k built over decades of years working, assets like a house appreciating in value (so that you can borrow against that increased value), and perhaps a pension or some other form of investment that yields dividends.
Even then. I’d argue that if you retire knowing that if you live within your means, your funds will last you for 20 years, you’re not actually in the capital class. It doesn’t matter for most people, because few people expect to be able to live for that long past retirement and they can always adjust their spending habits to push the number out a bit farther if it looks like they will outlive their retirement savings. But that’s just it, it’s more like a savings and not endlessly accumulating more and more wealth. For the true capital class, their money passively grows and generates more wealth faster than they can spend it.
zbyte64@awful.systems 13 hours ago
Most people are living paycheck to paycheck… But if you mean owning stock or a retirement portfolio makes you a capitalist then I think that is still incorrect. People who actually own the company of whose stock you “own” can make decisions that will ultimately decimate your retirement savings while enriching themselves.
Rooster326@programming.dev 1 day ago
It’s class warfare
Always was…
Miaou@jlai.lu 18 hours ago
The GP earning 6 figures for prescribing boomer cunts opioids is clearly in the same social class as the construction worker whose life expectancy is below the retirement age.
Furbag@lemmy.world 13 hours ago
The construction worker and the doctor have more in common with each other than either of them do with the billionaire.
That mentality, that the two working class individuals are too different from one another to ever unify because of the fact that one makes more money than the other, is exactly the kind of mental attitude that the wealthy elite have cultivated for years to keep us at each other’s throats instead of theirs.
Tetragrade@leminal.space 13 hours ago
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