alt Hacker NewsThe marxists are correct there is the wage earning class and also the ownership class
They are incorrect in that there is no strict separation of the two.
Anyone in tech can easily enter the ownership class. American assets are exceptionally cheap for what they are. It's very easy to purchase asset producing goods, whether that be businesses or real estate.
The ownership class matter because a worker exchanges time for money. Time is finite. Ownership is not.
A career is a quick and low volatility way towards ownership. You owe no loyalty to any company or any manager. Only owe loyalty to your friends, family, and the financial assets you own. These things reflect on you. Your job is just a distraction.
> American assets are exceptionally cheap for what they are. It's very easy to purchase asset producing goods, whether that be businesses or real estate.
I agree with a lot of your post, but I don't think this is true anymore. Real-estate is pretty much at the maximum price the population can pay for it. We'll never see a rise like we did from the boomer generation until now in real-estate again. I also think most businesses don't make much money, at least small businesses.