Earning a million dollars a year or a hundred thousand is the difference between 45 million in a career, or 4.5. Either way, it takes 22 lifetimes earning an average of one million per year to become a billionaire, or 220 when earning one hundred thousand.
And there are people who are multi-billionaires, even centi-billionaires.
To look at a doctor or lawyer and be upset because they have $50 million in assets is not wrong, but billionaires are a thousand times worse. focus your rage.
I had a saved post from Reddit once about someone who broke down the differences between incomes based on their experience with connections they had in their work, and somewhere in the high hundreds of millions wealth becomes not about money, but about power and influence. Things like bills and budgets aren’t a thing. Whereas the multimillionaire may have their houses, cars, boats, whatever, but they’re still having to make sure they can afford the lifestyle. And some don’t, and are probably in debt but don’t show it.
To be clear, the billionaires are not the 1%.
There are only ~900 billionaires in the US. That’s the top 0.000003%
Your well paid doctors, lawers, engineers, etc. are in the 1% and still firmly part of the consumer class.
This.
Earning a million dollars a year or a hundred thousand is the difference between 45 million in a career, or 4.5. Either way, it takes 22 lifetimes earning an average of one million per year to become a billionaire, or 220 when earning one hundred thousand.
And there are people who are multi-billionaires, even centi-billionaires.
To look at a doctor or lawyer and be upset because they have $50 million in assets is not wrong, but billionaires are a thousand times worse. focus your rage.
I had a saved post from Reddit once about someone who broke down the differences between incomes based on their experience with connections they had in their work, and somewhere in the high hundreds of millions wealth becomes not about money, but about power and influence. Things like bills and budgets aren’t a thing. Whereas the multimillionaire may have their houses, cars, boats, whatever, but they’re still having to make sure they can afford the lifestyle. And some don’t, and are probably in debt but don’t show it.