spacesatan

toxoplasma gondii spotted

So a few things. Since we're in the weeds at this point I want to remind us both that the original point was that a millionaire and a billionaire both have the same general relationship to living and labor which is 'they don't have to worry about selling their labor to have their basic needs met'. This is still true. I was also talking in terms of individual wealth not household wealth but the figures aren't really that different because housing is such a large share of expenses.

The retirement scenario you're describing is a very comfortable one. 3% is a conservative drawdown, 3.5% is considered safe, and higher is typical if you can be flexible in spending. Retired households do not have the expenses associated with commuting and most do not have the expenses of childcare. Being able to afford living near employment centers is a luxury for a retired household, not a need. So a retired household with the income of a median working age household is doing quite well.

That's fine to want to retire moderately well off but once your income is based on rents from capital your class interests are not aligned with the working class.

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.

A bit further outside the HCOL area or a smaller dwelling, genius.

1 million is 'not enough' when you want a passive income that is higher than what half of working people earn.

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.

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.

It's so funny that the libs are downvoting this. So much for the 'you have to look past her flaws for now, she's our only chance against Trump' rhetoric.

The campaign is over. She lost. What's the excuse for still supporting her now?

Blue MAGA are doing their best to live up to the epithet. It was never about ideology or morality. Kamala is OUR TEAM and OUR TEAM GOOD.

'glad we have this type of weirdo here, I don't need to see this shit though' -me once per week on lemmy

I almost said computer but realized that couldn't be assumed. Fine, a phone is closer to a necessity.

There is still basically no difference between this and any other hobby that involves something manufactured by people in poor countries other than proximity to the people doing the labor. You are just mad that people who have either a bit or a lot more money for their hobbies have a hobby that doesn't appeal to you personally.

Now take this exact line of reasoning to you owning a phone or having any hobbies and actually try to find a material difference.