clarity flowersMar 13
Your regular reminder that "the rich" aren't people who earn large paychecks. They are people with capital that generates returns: investments, property, company shares. "High income earners" are not an intrinsic enemy of "the working class" – many of them are a member of it!
Show threadGraham DownsMar 14

@clarity Are you saying the converse IS true, though? That people with capital that generates returns are intrinsic enemies of "the working class"?

Meaning that someone who had the good fortune to have some spare money, and the good sense to invest it wisely, the the second good fortune to have those investments pay dividends, should be the enemy of the working class?

Or that if a member of the working class finds themselves in the fortunate position to have some spare cash lying around, they'd better not dare invest it into anything that's going to pay dividends, or they will automatically find themselves being the enemy of those they once called friends? 🤔

Show threadAdam Trickett  

@GrahamDowns @clarity in some countries a significant proportion of shares are held by pension funds, made up of the pensions of millions of normal working people. In effect people own the companies that employ them. The problem is that pension funds never vote against the board so a tiny number of robber barons can milk the system without even owning most of it.

In civilised countries no one goes bankrupt because of illness, because of socialised health care.

Mar 14 at 8:24amWeb