Way too many people confuse this point and will argue it until they are blue in the face.
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Feel free to reply to any comment by clicking the "Reply" button.They are the Proletariat of the United States
maslowhierarch
Level 1
Apr 1, 2022
1
Yep. Another confusion is to think a 401K makes you a capitalist.
News flash: It doesn't. A 401K is just the sorry-ass substitute capitalists foisted on the rest of us when they took away the security of pension plans, so that they, the actual capitalists, could save a buck.
Another confusion is to think running your own small business makes you a capitalist. Again, it doesn't qualify, not until you can afford to hire others to run it for you, and you merely oversee their work.
Yes, there are capitalists in America, for sure, some likely on this site. But it is not nearly as many as the number who THINK they are capitalists.
MikeInBatonRouge
Level 8
Mar 29, 2022
1
If you have a 401K invested in the stock market.
If you have an IRA invested in the stock market.
If you have a company pension plan invested in the stock market.
If you have an Employee Stock Purchase plan.
If you have Employee Stock Options.
If you have Restricted Stock Units
You are a capitalist.
BD66
Level 8
Mar 28, 2022
0
I see that you a temporally financially inconvenienced multi billionaire . Call me when you have enough to live and not have to work without touching your principle.
from the dictionary, I could find my advanced Econ note
Definition of capitalist
(Entry 1 of 2)
1 : a person who has capital especially invested in business industrial capitalists broadly : a person of wealth : plutocrat Charitable organizations often seek help from capitalists.
2 : a person who favors capitalism
BD66:
I have enough to live and not have to work any more, but I enjoy the work I do. I'm trying to continue to build up my business for the next 14 years to give my two children the opportunity to take it over before I retire.
AOC put it quite succinctly, 'If you're not a multi-millionaire then you are not a Capitalist, you don't own anything.' Then the GOP lost its shit, again.
SnowyOwl
Level 8
Mar 28, 2022
2
If you have to do any work except manage your money, you are not a capitalist. Mitt Romney is a classic example, if you have less money than Mitt, you're probably not a capitalist. His father actually worked for a living as a senior manager that gave Mitt the money to do nothing.
@SnowyOwl Tucker's net worth is 420 million dollars! Of course his personal worth is 4 cents
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