There is no such thing as a middle class, that is a lie. Everybody seems to think they’re in the middle class, because that puts somebody below them, and gives them a reason to continue working under wage slavery. This is the purpose of the lie.
The fun thing is that everyone thinks they are middle class. When I was making €45k a year I thought I was middle class because I had an university degree and a leadership position. At the same time my boss, who had just spent €5mio acquiring a 50% share in a second company and owned three houses (two of which he rented out) also considered himself middle class because he wasn’t a billionaire.
I once had a friend, which gf had to send him like 10Euro per month, for him to get monthly more than minimal wage which was considered “middle class” for some fucking reason in this country.
He was so emotional about this shit, that I am still not sure if he was for real about that or not…
I bet it’s for their bank. At least in Europe, many banks charge for your account if your income is below a threshold. My partner can’t work full time so I send them like 50€ per month so that they don’t have to pay bank fees. Which is ridiculous, as we have our 3 accounts all at the same bank.
A better metric is homeownership to me. Someone who is middle class is secure and doesn’t have to rent nor pay debt. They only really have to work when it’s mutually beneficial. That is basically impossible to achieve in the modern world with the hundreds or thousands of micro taxes and cartel controlled corporate markets and complete lack of land for the lease it’s to live on without virtual indentured servitude. Even if you did spend your entire life buying a house the state would just take it away from your children with the brutal taxation. Without a home you are always going to be a slave and have to work at any shitty job just to have food and a roof over your head.
plenty of people rent their entire lives are fine. and plenty of people own homes get them foreclosed because they can’t afford the payments, or buy too much house.
owning a home isn’t really a huge economic benefit or security, unless your house massively goes up in value. a house is also a huge liability if it has problems. home owning nearly bankrupted my family at one point because of the crazy expensive repairs.
Even if you own the house and land outright, you still need to pay real estate taxes, and feed yourself. Either you have the money in the bank to cover those expenses for the rest of your life or you don’t. You can have unexpected medical expenses, houses require maintenance which is generally expensive, and transportation is still an issue.
If you have to work to live, you are working class. Full stop.
Working class is everybody who must work to live.
Wealth class is everybody else.
There is no such thing as a middle class, that is a lie. Everybody seems to think they’re in the middle class, because that puts somebody below them, and gives them a reason to continue working under wage slavery. This is the purpose of the lie.
The fun thing is that everyone thinks they are middle class. When I was making €45k a year I thought I was middle class because I had an university degree and a leadership position. At the same time my boss, who had just spent €5mio acquiring a 50% share in a second company and owned three houses (two of which he rented out) also considered himself middle class because he wasn’t a billionaire.
because middle class is good and noble.
being poor or wealthy means you’re an asshole and is considered shameful.
hence everyone is desperate to claim they are not rich and desperately afraid of being seen as poor by people richer than themselves.
I once had a friend, which gf had to send him like 10Euro per month, for him to get monthly more than minimal wage which was considered “middle class” for some fucking reason in this country.
He was so emotional about this shit, that I am still not sure if he was for real about that or not…
I’m very curious what the reason is
I bet it’s for their bank. At least in Europe, many banks charge for your account if your income is below a threshold. My partner can’t work full time so I send them like 50€ per month so that they don’t have to pay bank fees. Which is ridiculous, as we have our 3 accounts all at the same bank.
Nah, he was too young and student too, so not bank income tax yet.
He just wanted to feel better than those “bottom class losers”. And I do not joke. He study economics.
Checks out
A better metric is homeownership to me. Someone who is middle class is secure and doesn’t have to rent nor pay debt. They only really have to work when it’s mutually beneficial. That is basically impossible to achieve in the modern world with the hundreds or thousands of micro taxes and cartel controlled corporate markets and complete lack of land for the lease it’s to live on without virtual indentured servitude. Even if you did spend your entire life buying a house the state would just take it away from your children with the brutal taxation. Without a home you are always going to be a slave and have to work at any shitty job just to have food and a roof over your head.
no.
plenty of people rent their entire lives are fine. and plenty of people own homes get them foreclosed because they can’t afford the payments, or buy too much house.
owning a home isn’t really a huge economic benefit or security, unless your house massively goes up in value. a house is also a huge liability if it has problems. home owning nearly bankrupted my family at one point because of the crazy expensive repairs.
Even if you own the house and land outright, you still need to pay real estate taxes, and feed yourself. Either you have the money in the bank to cover those expenses for the rest of your life or you don’t. You can have unexpected medical expenses, houses require maintenance which is generally expensive, and transportation is still an issue.
If you have to work to live, you are working class. Full stop.
People can inherit a house and still be poor. Look at india