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by dragonwriter 1773 days ago
Dual tech worker couples making more than $400k in Silicon Valley are wealthy, and always have been. There's no suddenly about it.

They aren't ultrawealthy members of the capitalist class, sure. But they are definitely wealthy, and pretending that they aren't is just phenomenally out of touch.

2 comments

“Wealth” is not income. Thinking like yours changes the calculus on if specialization is worth it.

Train for 10 years to be a doctor to make $400k a year for 10 years at 50% taxes or just work for 20 years at 150k at 30%?

I don’t disagree but plenty of people I know who voted for Biden didn’t think it applied to them.

$400k per year barely lets you buy a home in the Bay Area.

And regardless, what makes you think they’ll stop at $400k? That’s the point. Eventually a tax bill gets passed some couple making $150k need to “pay their fair share”.

Who cares about the price of a house in San Francisco when your income makes it a struggle to buy weekly food.

If you're talking about buying a house anywhere, you're already outside the "I'm poor" status.