Comment by 9rx
13 hours ago
> If you have to work to survive you are working class, simple as.
While the working class always have to work to survive, it is also possible for someone in the middle class and even the upper class to also have to work to survive.
In both the middle and upper class cases, if the capital portion of one's position is insufficient to cover one's survival needs, then the labor component remains necessary to their survival. In other words, they have to work to survive even though they have capital to take them out of the working class.
It is not so simple at all.
Well, in upper class you simply hire someone to manage your money, making sure that you have a high return on investments.
If someone needs $40,000 per year for survival while making $30,000 per year from capital investments and $10,000 per year from labor, they are upper class[1], but need to work to survive. Sure, long term, a talented hire might be able to transform that capital from earning just $30,000 per year into much, much more. But, in the interim the need to work to survive would only intensify.
[1] Some might call it upper-middle class instead, but the concepts remain the same.
I honestly don't understand what point you are trying to make.
Yes, there will be a level of income below which you will have to work.
Yes, there will also be a level of income above which you will certainly not have to work, given half-decent management of your wealth.
And yes, there will be an area in between where you may or may not need to work.
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