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by ilostmyshoes 1225 days ago
We are all workers, we are the working class whether we are educated or not.

The capital owners want the working class to fight amongst themselves because it allows them to continue enriching themselves off the backs of the working class.

Even if you own some stocks or have a 401k, if you depend on a salary to pay your bills then you are a worker

2 comments

Actually there are different levels of working class. A guy earning $18k per year working in retail isn't exactly in the same boat as the manager of the store making $80k a year.
That was a story made up by capital owners to keep the working class fighting amongst itself. The reality is that anyone who works for a wage is being taken advantage of
It's called being middle class. middle class != working class, But i don't expect you to be able to see through the decades of propaganda.
The middle class are those who have the capital to be capitalists to some degree, but not enough capital that they can live entirely off that capital, still requiring some kind of job to make ends meet. Someone earning $18k per year at their job could be middle class and someone earning $80k per year at their job could be working class. Their job income doesn't tell us anything with respect to their capital holdings.
Again, middle class is a concept invented by capital owners to keep the working class fighting amongst themselves. If you depend on a wage to survive, you are a worker

Working class is defined as those who must sell their labor in order to survive. If you cannot live off income of your investments alone and must work for a salary then you are a worker, you are working class

I have > 500k net worth which using the 4% rule gives me 20k a year but I still work. Am I a capitol owner or working class?
If you can quit your job and live purely off your investments then you are a capital owner, if you cannot do that without adjusting your lifestyle you're working class
It annoys me in the UK how people claim that "Tommy who 'does up houses' and flips them or rents them out" is a "working class builder", where as Billy isn't working class because he types on a keyboard.

In the UK working people, especially those earning above minimum wage, are taxed far more than the capitalists of the world like Tommy who can structure his income to pay just 30% marginal taxes rather than 60% plus.

Honestly it's the same in the US. But unfortunately the ones who fund the political campaigns are usually the ones with the lower tax rate, so that doesn't change.