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    Which side are you on?

    Started by RE May 20, 2025, 12:38 AM

    Message path : / Society / The American economy / Economic Errata #102


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    RE

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    May 20, 2025, 12:38 AM
    Quote from: K-Dog on May 19, 2025, 09:48 AMMy only real interest in 'am I rich' is to compare my situation to others with the deluded idea that if I and mine, have enough beans to be at least average, then we have enough beans to eat.  The idea being that when this Titanic goes down, you do not want to be below the top deck.  Not that it will matter if you do not get a lifeboat.

    My main interest is more theoretical.  If you are going to view this as a Class War between 2 classes, Rich vs Poor, where is the line drawn, and on which side of the line does a given person stand?  Who do you fight with or for?  Do you have enough money to employ a Private Security Force to protect your property and life when the public police forces break down or become corrupted?  Will you attempt to maintain your wealth and position, or will you share it and freely give it away?  While others starve, will you hoard or share?  Are you with the crowd storming the Bastille, or are you one of the Royalty inside with their guards  defending the castle on the hill?  Which side are you on, boy, which side are you on?


    When Warren Buffet said



    Who was included in the Rich class?  Billionaires obviously, but also obviously it doesn't take a billion to be rich.  I think equally obviously $100M puts an individuals into the Rich class, but the line starts getting blurry below that.  At $10M a lot depends on other factors like nature of the assets, stage of life and family connections.

    So, it's worthwhile to develop a decent idea of what "rich" actually means in Amerika in 2025?  This thread is examining that question.

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