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[–] -1 points 1 year ago (12 children)

While that is absolutely true, the millionaire still has the biggest things in common with a billionaire. They will never have to worry about a lack of money. They will never have to choose between clothes or food. And they will never be forced to keep a job, because without it they will literally die due to lack of medical insurance.

The millionaire isn't your friend either, they're just a wannebe billionaire.

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  • [–] 12 points 1 year ago (11 children)

    Dude, someone who has a freehold home and a retirement portfolio is a multimillionaire in many places.

    There will absolutely be people with large assets and low income struggling to make ends meet.

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  • [+] -2 points 1 year ago* (10 children)
  • [–] 4 points 1 year ago (9 children)

    This is not true. A million dollars buys you a house, so basically cancels rent. But it does not feed you for life and lets you live without working.

    There is a big difference between people who own a millon dollars in money and assets and those who have a million dollars in their checkings account.

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  • [–] 2 points 1 year ago

    Of course, afaik almost no billionaire's money is liquid either, it's in properties and businesses and shit.

    Like I'm sure bezos has plenty liquid, but most of his billions is just a valuation of amazon/aws/whatever other shit he owns.

    Like, if we wanted to take all his money we'd have to completely liquidate amazon and aws, and his house etc, selling the assets off to whoever can afford it, it's not just breaking into his Scrooge McDuck vault full gold coins.

    Not that it's impossible, it just seems that many people don't realize this and think it is just the Scrooge McDuck vault.

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  • [+] -1 points 1 year ago* (last edited 1 year ago) (7 children)
  • [–] 6 points 1 year ago (2 children)

    I wouldn't say a house is a luxury. It is a necessity.

    Really the whole concept of renting is exploitative.

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  • [–] 1 point 1 year ago (1 child)

    A house is a necessity, yes, but not a house in the middle of San Francisco or New York.

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  • [–] 3 points 1 year ago (3 children)