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While that is absolutely true, the millionaire still has the biggest things in common with a billionaire. They will never have to worry about a lack of money. They will never have to choose between clothes or food. And they will never be forced to keep a job, because without it they will literally die due to lack of medical insurance.
The millionaire isn't your friend either, they're just a wannebe billionaire.
Dude, someone who has a freehold home and a retirement portfolio is a multimillionaire in many places.
There will absolutely be people with large assets and low income struggling to make ends meet.
Boohoo the millionaire can't afford all the luxuries they want. How will they make the payments on their BMW this month, they might have to switch to weekly tennis lessons instead of 3x weekly.
A million is easily enough to live a comfortable life and never work again. If they 'struggle to make ends meet' they are bad at budgeting. They are not working class, they do not need to work. Maybe they work because they want to live in a HCOL area and have extra luxuries but anybody with a million dollars worth of assets can stop working any time they feel like it.
Especially any multi-millionaire is distinctly bourgeois.
This is not true. A million dollars buys you a house, so basically cancels rent. But it does not feed you for life and lets you live without working.
There is a big difference between people who own a millon dollars in money and assets and those who have a million dollars in their checkings account.
Of course, afaik almost no billionaire's money is liquid either, it's in properties and businesses and shit.
Like I'm sure bezos has plenty liquid, but most of his billions is just a valuation of amazon/aws/whatever other shit he owns.
Like, if we wanted to take all his money we'd have to completely liquidate amazon and aws, and his house etc, selling the assets off to whoever can afford it, it's not just breaking into his Scrooge McDuck vault full gold coins.
Not that it's impossible, it just seems that many people don't realize this and think it is just the Scrooge McDuck vault.
Yes rich people don't just sit on piles of cash whether a millionaire or a billionaire.
Then sell the house.
Owning a house in a HCOL area is one of the luxuries I was talking about. Any million dollar asset is a luxury.
There is a fundamental difference between working to survive and working because you don't want to move out of your NYC brownstone or further from lake como or whatever the fuck.
I wouldn't say a house is a luxury. It is a necessity.
Really the whole concept of renting is exploitative.
Depends on the house.
Yes, commodifying necessities like housing (food, water, etc) is a fundamental means of exploiting people. Rent is just one aspect of a much larger pyramid scheme based on human deprivation.
A house is a necessity, yes, but not a house in the middle of San Francisco or New York.
That actual solution is making housing affordable in San Francisco or New York or any other city.
or a decent infrastructure and income elsewhere in the US.
And live where, genius?
A bit further outside the HCOL area or a smaller dwelling, genius.
So, move away from your friends, family, support circle etc?
Oh now that you bring that up you're right. Not wanting to take a 1 hour transit trip or drive for 30 minutes a few times a week is actually the same as needing to sell your labor in order to have food and healthcare.