this post was submitted on 30 Aug 2026
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Work Reform

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[–] uriel238@lemmy.blahaj.zone 5 points 1 day ago (2 children)

Because of that whole exponential thing, millionaires and ten-millionaires are actually closer to the rest of us working class folk than they are their billionaire owner-class brethren.

And this is going to be important when the ultra-wealthy decide to reveal their less-rich near-peers aren't actually in the oligarchs club, and don't get to live in Thiel's Rapture-style hypercities with the real people.

[–] Bassman1805@lemmy.world 2 points 23 hours ago

You know the difference between a millionaire and a billionaire? About one billion dollars.

But yeah, like the other commenter said: $10m puts you WELL outside of working class. That's enough to retire on anywhere on the world, and with a high degree of luxury outside of a handful of the most expensive cities. That money, invested by anybody with half a brain, will make enough money per year than many extremely skilled professions make. We're talking doctor salary without doing any actual work. They're not buying senators wholesale like billionaires, but their house rep probably knows them by name.

[–] merc@sh.itjust.works 4 points 1 day ago

That's true, but if you have $10m, you can live off the "work" your money does for the rest of your life. If you have decent, conservative financial planning, you are in no danger of homelessness no matter how bad 3 months are.

Billionaires are today's emperors, but someone with $10m is at least a member of the aristocracy and is living off the labour of others, rather than having to live off their own work.