@stanleybmanly I doubt making $380k is coma material, nor do those people wind up with a billion. It’s said that the middle class, including the upper-middle class, have a tremendous amount of stress, because their very nice way of life can slip out from under them very fast during economic downturns, a loss of a job, basically any bump in their road.
Not that I’m defending the extremely high salaries when others are making $9 an hour. Like I said, I’m in favor of paying the people making less more, some of that being taken from the very top, and add in companies not pushing for such huge profits. High salaries at the top and the profit margin (having to do more with what owners are taking in) are two different things. I much prefer paying more to the bottom than taxing more at the top. Although, taxing the top is complicated because the tax laws are stacked in their favor to avoid taxes.
I do know a lot of people in the upper middle class who don’t take advantage of all the tax laws they could use. They tend to want to avoid red flags with the IRS even if they technically could use the tax code more, and many of them don’t invest like the very wealthy, but opt for the slower, steadier, less risky, more the miser route. This is why you hear that group annoyed when people don’t save (when they fairly easily could, obviously some people can’t) have bunches of kids they can’t afford, and tend to defend a better, flatter, distribution of money. I think the poor view these people as rich too, even though they don’t make near $380k.
Moreover, this coma you refer to—most people with money work very hard. People with old wealth don’t have to. Those born to new wealth also don’t have to. But, the people working for the high salaries, or owning successful businesses, who are creating their wealth, are not lazy, or in a coma, or necessarily horrible people. Like it was said, each part of the socio-economic strata has good people and bad people, etc. most “rich” people I know work or worked very hard and they were careful with their money.
None of that changes that things are stacked in the favor of people with money right now, which I believe hurts us as a country in the long run.
Part of it is a matter of integrity and valuing all work. There is a message out there in America that people who make minimum wage are only worth that. Meaning, if God forbid you have worked for minimum you have marked yourself as not trying hard enough, lazy, not ambitious enough, not competent to do more. It’s really an incredibly awful message out there. I hear people saying “they” don’t try hard enough and they use the “system.” It really makes me sick. It’s true, because of how the system is set up some people abuse it, but most people work hard, want to support themselves, and anyone working 40 hours a week and doing a good job should be able to live on their wage in a safe neighborhood, able to afford shelter, and food, and get good healthcare, and education for their children.
There is also a message out there that if you don’t have a college degree you don’t have enough education to be anything anymore. Bullshit! This message just helps to keep people down. They feel badly about themselves and those with degrees can feel like they themselves are more “deserving.” College does count at some level; people with degrees do spend time and effort, and depending on the degree learn important information for their profession, but it shouldn’t be that the person themselves is scene as less or more. It shouldn’t be society actually dismisses those without higher educations. It’s no different than treating a race as 3/5 of a man.
Judging the poor is as bad as judging the rich. We need to stop calling names and just work for the common good. The greater good. The good in general.
I wrote a Q years ago asking if people who made over a certain amount would be willing to be paid less if they knew the people at the bottom would be paid more. Like if you worked in a corporation making $200k, would you give up $20k so people making $30k could make $40k. Half the people on the thread talked about taxing the rich to redistribute funds. No matter how many times I tried to emphasize I wasn’t talking about taxing, but rather earnings, some people just saw it as the same. I don’t.