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He’s not wrong. The owning class, the billionaires, are so ridiculously farther ahead that it makes millionaires middle class.
And this is why we need to tax them out of existence.
“Make Millionaires ‘Rich’ Again”
That may be as it is, but that does not make the richest 5% of any population middle class.
It absolutely does when 90% of the wealth is grouped in the top one or two percent.
The difference between a millionaire and a homeless person is tiny compared to the difference between a millionaire and a billionaire.
I suggest you tell the next homeless person that he’s practically a millionaire, when compared to Elon Musk, and see his face light up. He’ll thank you for the really useful reference point that practically gets him off the street.
That’s not what the word “practically” means and no one above you suggested such.
What’s your point exactly? That a millionaire could fix homelessness? Or do you disagree that 1M minus 0 is much smaller than 1B minus 1M?
I agree with you that he’s better off than most people, but do you consider a boomer who bought a house for $150k in 1980, that’s now work $1m in 2023, to be upper class? Technically there’s plenty of upper middle class people worth $1-2m.
Millionaires are only middle class now? What?
A million seconds is 12 days. A billion seconds is 31 years. That’s how far income inequality has come. So yes, millionaires are middle class. I know so many people that think they are well off but are stupidly poor when compared to the top 1%