Scrolling through the all feed and saw this post and genuinely cannot tell of this is satire or not.
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Nobody gets to be a millionaire without exploiting people.
My dad worked as a programmer (idk the official title) for a decent sized company. Always contributed to his 401k enough to get the employer match, and added more each time he got a raise. Between the paid off mortgage and 401k balance his net worth is over $1 million. He was only ever an employee, I don't think he exploited anyone. Bought himself a new set of golf clubs to enjoy when he retires. His last set was one his family got him for graduating high school.
They're talking income, not net worth. The people who make in a year what your dad managed to accumulate over a lifetime. That's why his lack of exploiting others is irrelevant.
The exact quote was:
"Nobody gets to be a millionaire without exploiting people."
A millionaire is anyone whose net worth is at least one million.
The criticism was valid. They didn't specify income. If they intended to, they should have said that.
Being a millionaire is the new middle class. Had I not married, I would be a millionaire just from my work; after about fifteen years.
Or buying a house. It's not 1972, millionaires are not rare.
Becoming a millionaire is not as hard anymore. And it's definitely not necessary to exploit anyone. You can work hard enough to justify it all though you'll need to be good at something or build/Create something alot of people want to buy.
Billionaires, should not be tolerated.
I feel like the intolerable number is probably somewhere around 10mil+
That's definitely not true. I feel I live a pretty humble life, but with my retirement goals I will be a millionaire. I'm definitely not in the capitalist class.
Depends on what you mean by millionaire, in liquid capital? Sure probably some exploitation depending on factors. In net worth? Pretty sure my grandmother is a millionaire from our home alone.
Bernie Sanders' net worth is now more than a million
You could be a very fair pricing dentist and easily get a net worth over $1m over your career.
If I kept my current lifestyle and had a job paying twice as much, I'd be a millionaire by the time I retire. And twice as much would be around 100k€. Which is a lot, but still something a decent amount of people make. And it's not like it'd be impossible with less.
Some jobs do pay like that though, but that's the lower-end of the millionaire bracket.
thats actually hundred millionaires to billionaires they exploit people. MIllionares often do have to "work thier way up" most of the time. people who are born which rich, or upper middle class dont work thier way up, and they are usually much wealthier than 10million+, and usually dont stay millionaires if you already born into upper middle class(richer than 1mil+)