this post was submitted on 28 Jan 2024
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If someone is making 400k a year through investments, they are well beyond middle class because the amount of capital you need to do 400k year over year is significantly out of reach to the working class.
If your gross income is 400k a year, you're doing pretty good, but if it's the result of the work you're doing, the reason people don't "just stop working" is because they wouldn't be making 400k a year anymore.
Is it possible that you just absolutely butchered what you intended to say in your original comment? That maybe you forgot some words or left something ambiguous that people are misunderstanding? I think people are pretty comfortable with the concept of growing wealth via investments, but for it to be enough to make "not working" an option (as your original comment seems to suggest) for the middle class is... Obviously not the case.
You misunderstand. The american GOP defines middle class at $400k.
You aren't expressing complete and coherent thoughts. No one is even getting the opportunity to understand.
Ok. I will try to make it very clear:
The GOP (american republicans) have defined the “middle class” as any family making a combined income in excess of $400k.
$400k is a lot of money, and I think it’s a different amount than what people hold in their heads as being “middle class”.
People seem to group people into two categories: the wealthy and everyone else. Of everyone else, people seem to think that if they have certain things (a house, a job, a picket fence, etc..) that they are middle class. They seem to think that middle class is the “middle” of the population of earners, with the wealthy at the top and the poor at the bottom.
The thing is, the middle class is a myth made up to advance class warfare. The truth of the matter is, if you need to work to make a living, you are part of the working poor. That may not have been how it was, but it sure is how it is.
Anything else I can clear up?
I think you've maybe finally said the part out loud that before you were only saying in your own head:
You believe that it's a binary state between "The Working Poor", and "Does not need to work to live". You do not believe in the existence of a class of people who work, but comfortably meet their needs and could weather several years of unemployment.
It’s not a true binary. I am describing that most americans believe there’s a binary and that of the working folk, their salary puts them in a certain class.
I haven’t explained my personal beliefs, just the beliefs of most americans (at least the ones I have interacted with) and the beliefs of the GOP.