Comment on A reminder
merc@sh.itjust.works 3 days agoThat’s true, but if you have $10m, you can live off the “work” your money does for the rest of your life. If you have decent, conservative financial planning, you are in no danger of homelessness no matter how bad 3 months are.
Billionaires are today’s emperors, but someone with $10m is at least a member of the aristocracy and is living off the labour of others, rather than having to live off their own work.
uriel238@lemmy.blahaj.zone 9 hours ago
The problem with being at the bottom of the second estate is that the ones at the top are entirely cutthroat and exclusionist. As Corey Doctorow notes, the owner class thinks there’s just too many people, hence the AI fantasy of automating all the peasant and middle-class work. (Both the first and third estates.) But they also think the owner class itself is too populous.
It may be a while before the goon squads get down the purge list to come for the Thromby level plutocrats, but they are on the list.
The ultra-wealthy are also greedy AF. There’s a story about when Carnegie figured out that J.P. Morgan would totally knife him if it meant getting his assets. He stopped associating with Morgan soon after. People like Thiel, Bezos and Musk have revealed themselves to the public to show they are exactly that level of ruthless.