You know the time is right to take control, we gotta take offense against the status quo
Originally Posted by A. de Tocqueville
You are right that a billionaire is not in the same class as a trillionaire. If trillionaires existed they would be in a different class-- in fact, they are, since the only trillionaires are nations.
The uppermost class of natural persons is the billionaire level. The people with a few million do not belong to this upper class, and they really have practically nothing in common with the real upper class (except that the upper-middle class likes to consume the same Veblen goods as the upper class, usually on credit).
The guy who works his whole life to sock away a few millions bucks has not achieved the critical mass to become upper class. It is not possible to get to that level as a salaryman. You need to be an entrenpreur to achieve true wealth, and even then the vast majority of entrepreneurs do not rise to this level.
So how many economic and social class levels do we need for an accurate picture of the American economic spread?
Apparently three no longer suffices. Would ten do? Fifty? One hundred?
At what point does the reality that you have 100 or 1,000 times as much as the average person does simply make you considered as RICH and we can all agree on that?
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
A Six figure income isn't upper class. It's only "rich" in the that I makes you at the high end of middle class. A six rogue income makes you richer than most people.
But in meaningful terms, the upper middle class has far more in common with the rest of the middle class than with the elite upper class. This is not an arbitrary distinction, we are talking about two different species. The upper class rule the world. A billionaire can get the president on the phone. They have real power.
Compare that to somebody earning six figuresse who is slightly better off than somebody earning five figures, but I'm every appreciable way they are in the same class as compared to billionaires.