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by b800h 1045 days ago
> doctors, dentists, lawyers, software engineers, small business owners

Felix Dennis would contend that such people aren't "wealthy". They're comfortable.

1 comments

Being in that class of people, I’d contend Felix Dennis’ view of what wealth is is poor.

It may take a decade or two, but individuals in these professions who work at top tier roles will be wealthy by any reasonable measure (7-figure investment portfolios and no bad debt is “wealthy” to anyone without a very uninformed understanding of what the word means).

I'll rephrase the above comments: having seven figures of assets or income confers material wealth but not political control. Political capital is far more expensive. At a minimum, you need so much money that hiring a team of lobbyists to confuse your local congresscritter is a petty cash drawer expense. Ideally you will also want to forefeit your right to privacy and become some kind of a public figure.

A case study here would be Louis Rossman: rich enough to run a MacBook repair business but not rich enough to bribe/tip Congress into passing a right-to-repair law.