I don't know. It probably varies. SV wealthy is quite different from Appalachia wealthy. It's that point, where people start worshipping your money. Some wealthy folks also make a point of showing off their wealth, so it starts earlier, for them.
Also power. You see the same thing happen with managers that dismiss criticism, and have the power to make it stick.
The specifics are certainly cultural and locally relative, but Marx nailed it when he talked about ownership of the means of production, rather than being part of the production of goods and services.
The reason that the ultrawealthy behave like toddlers is that toddlers are, relatively speaking, ultrawealthy: all their needs are met without any effort on their part, and so many of their desires are fulfilled simply by expressing those desires out loud that any impediment or refusal is obviously enemy action.
It's invariably the class of people who if we rose up and seized everything from we would all get a one time "life changing" check for $50k, while collapsing 2/3 of the economy.
Its even less than that. Elon Musk's $900 billion net worth would only give each American a one time payment of $2647. Jeff Bezos' $270 billion net worth would only provide each of us $794.
> What net worth threshold do you consider wealthy?
When you start having 'people'. ("Have your people call my people.")
A broader discussion on the spectrum of wealth:
* https://ofdollarsanddata.com/the-wealth-ladder/
* https://ofdollarsanddata.com/the-ideal-level-of-wealth/
If you can afford $10 an hour you can have "people" too by that definition.
I don't know. It probably varies. SV wealthy is quite different from Appalachia wealthy. It's that point, where people start worshipping your money. Some wealthy folks also make a point of showing off their wealth, so it starts earlier, for them.
Also power. You see the same thing happen with managers that dismiss criticism, and have the power to make it stick.
The specifics are certainly cultural and locally relative, but Marx nailed it when he talked about ownership of the means of production, rather than being part of the production of goods and services.
The reason that the ultrawealthy behave like toddlers is that toddlers are, relatively speaking, ultrawealthy: all their needs are met without any effort on their part, and so many of their desires are fulfilled simply by expressing those desires out loud that any impediment or refusal is obviously enemy action.
It's invariably the class of people who if we rose up and seized everything from we would all get a one time "life changing" check for $50k, while collapsing 2/3 of the economy.
Its even less than that. Elon Musk's $900 billion net worth would only give each American a one time payment of $2647. Jeff Bezos' $270 billion net worth would only provide each of us $794.