… There aren’t middle class billionaires, there’s barely a middle class because of billionaires.
… There aren’t middle class billionaires, there’s barely a middle class because of billionaires.
Well, thank you for blessing us with your intelligence,
Mr. “if the sarcastic/comedic post title or meme content is not 100% factual I must log in to comment to warn the others”.
You saved the day!I do what I can, one armchair insight at a time!
If you simply change your scale, you’ll find that they are the logarithmic middle class
You can have more yachts, jets and homes than you know what to do with with well less than a billion, to the point where acquiring new ones becomes a cognitive burden (“which yacht did I leave that on?”), so you hire people to manage your status symbols, and they become more of a token than a source of joy.
Beyond a certain point (perhaps in the tens of millions, perhaps in the low hundreds), it becomes impossible to spend your wealth on your own desires and joys, and the only uses of it are to jockey for status by wasting it on impractical things (“the other guy just bought a 1km-long yacht, I’d better buy a 1.5km one. Can’t let him outdo me”) or, by buying up labour and political decision-making, diverting society’s efforts from objectives thrashed out by its members (however imperfectly) to your own fantasy projects.
But then they’ll have to deal with no longer being in the top category of person. Simple peasants like us can’t even imagine the magnitude of that psychological trauma.
Honestly I don’t think most rich people care
I doubt people care about the difference
Most people see it as: Owns yacht = bad
50 yachts or 1, its the same.
The top 0.1% definitely are gonna toss the rest of the 1% to the wolves.
