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Cake day: November 27th, 2024

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  • Yes, that’s what I mean. What you described happened and it’s a core part of how capitalists build up a popular base. The temporarily embarrassed ones are looking up to the ones who are actual millionaires. Don’t worry, they get that money back in the end.

    With wealth, like properties, shares and various “passive income”, the class interests of the former working class person tend to turn into capitalist class interests: lower taxation, more deregulation, more personal and family wealth accumulation, more welfare and aid for “business owners”, smaller social welfare systems (for the masses) with private (and exclusively expensive) alternatives, and so on.

    From the horse owner’s mouth: How FDR Saved Capitalism