Comment on McDonald’s CEO is grappling with a ‘two-tier economy’ as he slashes prices on value meals—and signals backing for a minimum wage increase

• yeather@lemmy.ca ⁨1⁩ ⁨day⁩ ago

  So the top 20%, seems a reasonable metric to consider wealthy.

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  • MajorasTerribleFate@lemmy.zip ⁨1⁩ ⁨day⁩ ago

    I’d go with 20% as upper class. I think of “wealthy” as having money that lets you come and go as you please, just buy a fancy car if you want without really having to think about the finances of it.

    There is a D&D-type game that measures wealth as a rating of 0 to 5, and you can make essentially unlimited purchases of items costing up to 1 below your wealth rating essentially at-will. So someone can buy a sandwich whenever, someone else could take a decent vacation/cruise whenever, another could buy a decent car without worry, one could buy a nice house like it’s nothing, and finally someone who could buy a mansion or private jet without real concern. Those in the couple-hundred-million to billions range.

    I’d draw the Wealthy line somewhere in the mid-4 range on that scale. You could also consider it as “the point where safe/moderate investments could continue supplying a family plenty of comfort without working for two+ generations”.

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    • pohart@programming.dev ⁨16⁩ ⁨hours⁩ ago

      Don’t get me wrong I’d love to be tough 20%, but they’re still so solidly middle class it’s not even funny.

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      • MajorasTerribleFate@lemmy.zip ⁨10⁩ ⁨hours⁩ ago

        I definitely get that from a reasonable perspective. But then I think about the words being used, and part of me wants terms like “upper” and “middle” to represent portions of a whole that have broadly similar sizes. But that doesn’t really reflect the realities of the meaningful differences between two different lives usually meant by the terms, so that part of me needs to take a back seat.

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    • yeather@lemmy.ca ⁨18⁩ ⁨hours⁩ ago

      I believe we are arguing over semantics of upper class vs wealthy.

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      • MajorasTerribleFate@lemmy.zip ⁨16⁩ ⁨hours⁩ ago

        I’m not even sure I would say we are arguing. You provided your version I offered mine. We disagree, maybe, but I don’t think either of us is concerned enough to make a concerted effort to change the other’s opinion.

        Yes, I did just argue over the semantics of argument itself. What of it?

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