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Reply #175: Did you perhaps misread what I wrote? [View All]

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Katzenjammer Donating Member (541 posts) Send PM | Profile | Ignore Wed Dec-13-06 06:46 AM
Response to Reply #142
175. Did you perhaps misread what I wrote?
Your IRA and savings came/comes from your labor, not someone else's. All you did/are doing was/is to defer spending it. Therefore you're working class (I presume).

As far as Sanders and Hubbell go, yes, if they have to work to eat then they're working class too, no matter how strange that might seem. They're just high-income members of the class. They might have connections such that they never have to worry (unlike the rest of us) about being out of work, but if they have to work to live, they're working class.

If they've managed to buy enough "skimming rights" (dividend-paying stock) so that they no longer need to work to have a satisfying life, then they've moved into the upper class. Maybe not the high-income upper class, but upper class all the same.

Someone can have a low income from their labor or a high one, but they're still part of the laboring class.

Someone can have a low income from their skim or a high one, but they're still part of the owning class.

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