this post was submitted on 27 Dec 2023
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Economics

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[–] [email protected] 0 points 10 months ago (1 children)

Lololol these guys are all from upper middle class. And on the low side of that. Y'all just want to be pissed.

[–] [email protected] 0 points 10 months ago (1 children)

Upper middle class middle class with families and connections who had spare money to invest and just far enough along that they had the kids were raised with the drive to gather even more wealth. If they had been more wealthy they wouldn't have the drive, if they were less well off then they wouldn't have the advantages to make that drive happen.

"With money" doesn't mean all the money. It means plenty of money. Gates loves to tell the story about how he started his company in his father's garage. That was a three car garage because they could afford a large house with a lot of extra space Bill could use for free while starting his business.

The parents could afford to send them to prestigious schools where they made connections.

The parents had money. Recognizing this is not jealousy, it is a reason to acknowledge that massive wealth does not come from effort alone.

[–] [email protected] 0 points 10 months ago (1 children)

you guys have skewed views of middle class. What do you consider upper class?

[–] [email protected] 0 points 10 months ago

Since there is a ton of variation on cost of living and other factors by region, I just go by rough percentages because anything more is too complex to generalize. So the following is my view, which can be applied nationally or within a state/region as the outcome is basically the same. Keep in mind that after basic expenses are paid and someone can afford to invest their long term investments and other wealth are generally not included in their income despite their actual wealth continuing to increase allowing them access to loans and other monetary options that the middle class just doesn't have.

So how I see it by income:
Upper class as top 10%
Upper middle class would be 75%-90%
Middle class 25%-75%

Sure, people in California won't have the same monthly costs at 100k+ income to someone in the midwest, but the person in California who owns a home is building up a lot more wealth and options for loans/mortgages in higher amounts than someone in the midwest with a cheaper home. Renting is a different thing, but upper middle class and above have the option to buy and increase their wealth and puts them even further above middle class and below that aren't able to do the same or aren't able to save on top of the house payments.

What do you consider upper class?

[–] [email protected] 0 points 10 months ago (1 children)

“I built this company by myself, from the ground up, my own blood sweat and tears, no help from anyone, and a $20 million dollar gift from my daddy”

[–] [email protected] 0 points 10 months ago (1 children)

If only any of them even got a million.

I mean $200000 vs $20000000, not a big difference.

[–] [email protected] 0 points 10 months ago (1 children)

Every thread you are in, it's a guarantee you'll simp for Republicans and/or rich assholes.

[–] [email protected] 0 points 10 months ago (2 children)

I'm so very, VERY sorry for pointing out that none of these guys weren't given anywhere as close as commented on. I guess pointing out facts is bad these days. Wild.

[–] [email protected] 0 points 10 months ago (1 children)

I’ll make sure to put “WARNING, THE FOLLOWING IS A JOKE” next time, for those of us that have a hard time telling the difference.

[–] [email protected] 0 points 10 months ago (1 children)

It's clearly not. Have you seen the hate this has generated? It's an entire cult 🤣.

[–] [email protected] 0 points 10 months ago* (last edited 10 months ago) (1 children)

Generated by you, taking offense to me “over exaggerating” and not being “based in reality”, taking a joke way too seriously. Chill out bro.

[–] [email protected] 0 points 10 months ago* (last edited 10 months ago)

Yes. People don't like being called out for making shit up. It's okay when your do it, but if the right does it it gets posted to the sub 🤦‍♂️.

[–] [email protected] 0 points 10 months ago* (last edited 10 months ago) (1 children)

You might even be right, but it's clear you've got an agenda, and that's what I'm commenting on. It's very obvious

[–] [email protected] 0 points 10 months ago (1 children)

Ahhh, an agenda of fact based reality. I deeply apologize for pointing out facts.

[–] [email protected] 0 points 10 months ago (1 children)

The agenda of if a rich person does it, it's ok and that's all that matters

[–] [email protected] 0 points 10 months ago

Y'all just like to make shit up when it suits you and screech when it doesn't 🤷‍♂️🤣