[carlosjobim]

Not at all. The real estate share of income is probably at its highest among a lot of people who belong to the non-labouring class, but are far from ultra wealthy. But it's nice to have a scapegoat, isn't it?

[idiotsecant]

If you belong to the 'non-laboring class' you are by definition the ultra wealthy. It's wild how much people are willing to slide goalposts to make themselves feel better.

[carlosjobim]

Ultra wealthy literally means "beyond wealthy". A double digit percentage of the population, maybe 30-50% belong to the non-laboring class.

If I was talking about "ultra obese" people, you wouldn't assume I was talking about everybody who has a couple of extra pounds?

[scottyah]

It hurts the definition of the words when you use ultra wealthy to refer to the top 50%...

[idiotsecant]

You think 50% of people don't labor?

[scottyah]

While about 50% to 60% of the adult U.S. population are active W-2 wage earners at any given time, the percentage that relies on labor exclusively (meaning they have zero capital income or assets to fall back on) sits right around 40% to 50% of working households.

[triceratops]

> 40% to 50% of working households

Not people then.

[scottyah]

Are you arguing that the other people in a household are laboring, or do you think they're counting pets?