this post was submitted on 15 Feb 2024
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United States | News & Politics

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[–] pudcollar@lemmy.ml 29 points 9 months ago* (last edited 9 months ago) (2 children)

"Earner" doesn't sound like the right word for people who make their money by owning things instead of working.

[–] yogthos@lemmy.ml 5 points 9 months ago

yeah these are rentier class

[–] EchoCT@lemmy.ml 12 points 9 months ago (2 children)
[–] yogthos@lemmy.ml 11 points 9 months ago

I never really liked the term middle class since there's no clear definition for it. The only useful class distinction is around class interests in my opinion. There is the capital owning class and the working class. People who own significant amounts of capital generate wealth from the capital they own while workers sell their labour as their means of income.

These two classes have directly opposing interests since capital owners act as the employers for the workers. People who own businesses want to reduce their costs and maximize their profits. This means paying lower wages and providing less benefits. Meanwhile, the workers want to maximize the pay and benefits they get for selling their labour to capitalists. This is the primary contradiction in the capitalist society.

[–] TakiMinase@slrpnk.net 1 points 9 months ago

Exactly, we are poor class now

[–] ULS@lemmy.ml 12 points 9 months ago (1 children)

Happy collapse everyone. It's happening! Let's ride the wave to our death!

[–] TakiMinase@slrpnk.net 3 points 9 months ago

It's not gonna be boring at least, hold on tight, let's go

[–] Gork@lemm.ee 8 points 9 months ago

The shareholders won. Can we eat the shareholders now?

[–] Infynis@midwest.social 5 points 9 months ago (1 children)

So excited to become a corporate citizen

[–] TakiMinase@slrpnk.net 3 points 9 months ago
[–] trabpukcip@hexbear.net 4 points 9 months ago

Still one of the best vids to visualize wealth inequality in America

[–] OpenStars@startrek.website 3 points 9 months ago

Still not enough!

- Donald Trump, as he raises our taxes (again) after winning one of the next elections

😢

[–] pan_troglodytes@programming.dev -2 points 9 months ago

good for them I guess? the middle class has been dying/shrinking for decades. it's not that big of a brag