Richard Posner: “The Real Corruption Is the Ownership of Congress by the Rich”

Re:Richard Posner: “The Real Corruption Is the Ownership of ... by cies on Friday April 14, 2017 @09:53AM (#14114430)

> So who is part of that class?

Easy! I know the answer to that one. All who do not have to work to come by. To me that means in most western nations the threshold is somewhere between 1 and 10 million USD in net worth.

When you have that much money your money makes money for you! You own some houses/land you rent out, or own (part of) some business that yield profits. Maybe you work, but it is by choice, not by necessity.

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Re:Richard Posner: “The Real Corruption Is the Ownership of ... by hutzlibu on Friday April 14, 2017 @10:41AM (#14114711)

Thats a better definition. But still vague, as "not having to work" to have enough money is relative, as the standard becomes higher.

And even with 900000$ you can pretty much live like a king in a 3. world country for a long time.

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Re:Richard Posner: “The Real Corruption Is the Ownership of ... by cies on Friday April 14, 2017 @11:15AM (#14114926)

Yes. Agreed, therefore my "to me that means" and "in western nations". And this is something that --in a democracy-- we can vote on: higher or lower capitalist-threshold? :)

While the exact threshold is up for debate, I think it is an otherwise easy to distinguish class difference.

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