https://www.cnbc.com/2023/11/10/survey-31percent-of-millionaires-say-they-are-part-of-the-middle-class.html

  • WhatDoYouMeanPodcast [comrade/them]
    ·
    11 months ago

    I can believe somebody worked hard enough or did something brilliant enough to warrant control over $1,000,000 of stuff. I can believe a handful of people create $10,000,000 of awesomeness for the world - at which point they get some sort of seat at the table to tell us what's good. I have a hard time believing that any work on Earth is deserving of more than that.

    I'm not too keen on investing as a means of accumulation for a society worth living in. I think worker's counsels more readily manifest democracy than firms and investors because investors concentrate wealth and influence while a counsel always needs to be listening to what consumers and workers desire. A wealthy investor can shut off private access to public spaces so people use private spaces and give them more money, but a worker's counsel is going to call that bullshit. But in terms of somebody taking public research, turning it into something dank, and getting rewarded with a life of luxury to the tune of $10MM, people's attention, and influence; that's a pretty fucking good deal.