this post was submitted on 30 Aug 2023
565 points (98.5% liked)
Technology
59415 readers
1166 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Every corp knows we're in late stage capitalism. They're not even trying to hide it anymore. Any individual that makes a billion dollars should be viewed as an enemy, even millionaires should be very nervous.
What - you can't even buy a nice two-bedroom condo here for a million dollars, I think you need to re-evaluate what a millionaire is today.
Buying a million dollar house and being a millionaire are two different things. Multi millionaires are part of the problem as well.
I took it to mean people who earn that much per year. The average person working a $30k+ job should have more than a million in the bank at retirement, and that should have been enough to retire on comfortably. Now I'm being told it's more than 1.5-2 million dollars at retirement.
You pretty much need to be a multimillionaire to retire these days and it's not that hard to do with a half decent job and basic retirement planning, especially when factoring in a home to your net worth (which is standard). Millionaires are not the enemy. $1m is 1000x closer to $0 than $1B.
I don't disagree with the sentiment, but "get a half decent job, do basic planning, and factor in the cost of the home you definitely own" is a massive simplification and a lot of people cannot meet those requirements through no fault of their own.
Yeah, thats already proper middle class, and middle class is pretty hard for a lot of people to attain these days.
Most people are not even able to accumulate any capital while paying bills. If you‘re not in the fortunate position of a collage education or similar, you‘re pretty fucked.
Even with a college education, you’re usually fucked.
Most people talking about how to become multimillionaires have the benefit of generational wealth. Even if they’re not directly dipping in to family funds, it’s a support system that us poors don’t have.
Always have to link this comic when generational wealth comes up.
Personally I know that I'm one of the ones who lucked out. My family wasn't rich but we didn't struggle. I'd like that to be the minimum experience for everybody.
Tell me about it. Grew up poor, kicked out of school due to undiagnosed neurological stuff.
I did manage to build a company out of thin air (and working 16 hrs a day). Then covid happened. I‘m rather gonna starve than go back an suck corpo cock.
Not saying everyone can do it, just that we're all on the same side. It's important to remember who your friends are. The doctor that works 12h+ a day and has a few million in the bank is not the same as the billionaire playing God and zipping around to all major world events in their private jet while siphoning profits from thousands of workers.
That depends on which side the doctor decides to support. A few million lets you play the game, and even if you’re just a pawn, you can do some damage.
What about us hundredaires?
You have a positive balance? :o
Two negatives are a positive, right?
Check out Mr/Mrs money bags over here.
You’ll be given cushy jobs!
You get eaten after the thousandaires
The same late stage capitalism we've been in since the term was coined 175 years ago?
Later in the stage? The term was coined before the stage happened. End of WWI was supposedly the start and I don't think the idea was that it would implode the instance the stage was hit. We got a bit of a bounce back with the tech boom, that's clearly over. Unless another major frontier pops up that isn't immediately sucked dry by the already rich, we're at the end.