this post was submitted on 10 Nov 2023
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chapotraphouse
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it's becoming truer everyday that $1m is not enough to be considered "rich" thanks to inflation. the avg age of a millionaire in the US is 62 (approx retirement age for most countries in the world). if a 62yo owns their house and has enough to retire in the US, there's a large chance they're a "millionaire".
controversial, but i think someone's relation to capital is more important than their raw net worth. though tbf at some net worth number your relationship to capital does fundamentally change as something like investing in the stock market becomes enough proxy for ownership.
It's simple, if you have or had to depend on your boss for your paychecks you're a worker. If you got your paychecks based on other people's work, who you have a stake in determining the way production is done, you're a capitalist.
If you have to show up to work in order to get paid you're not a capitalist