Re:How I got wealthy without working too hard
by PaulDavisThe1st on Thursday November 18, 2021 @01:51PM
(#29268995)
Great post, but can I suggest a three-way distinction, instead of two-way:
1. People who need to engage in wage labor in order to survive.
2. People who can deploy resources essentially at will to meet essentially arbitrary goals. This means buying stuff, capital investment, etc. etc., with the limits significantly beyond what (say) a 10x median income person might be able to manage.
3. People for whom neither 1 nor 2 is true.
I don't think we have a great term to describe the third category. Simply by not needing to engage in wage labor, such people are in many ways "wealthy". But lots of the connotations of "wealthy" are related to the second category, and they don't have these abilities either.
1. People who need to engage in wage labor in order to survive.
2. People who can deploy resources essentially at will to meet essentially arbitrary goals. This means buying stuff, capital investment, etc. etc., with the limits significantly beyond what (say) a 10x median income person might be able to manage.
3. People for whom neither 1 nor 2 is true.
I don't think we have a great term to describe the third category. Simply by not needing to engage in wage labor, such people are in many ways "wealthy". But lots of the connotations of "wealthy" are related to the second category, and they don't have these abilities either.