But there’s no such ambiguity in regards to labor vs. capital.
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You’re the second person I’ve seen recently make this distinction and I genuinely don’t see the utility, in your scenario an old retired lady with an antique shop that doesn’t turn a profit and has no employees has more social power than a billionaire CEO beholden to shareholders
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Yup I mean it's kind of funny that the go-to term people use as a synonym for "capitalist" is "CEO" CEOs of large companies typically are compensated with a lot of stock in the company, but "CEO" itself is an employee position
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Replying to @arthur_affect @jaylikewhoa and
eh sort of, most ceos either own a controlling interest or are directly elected by investors, calling it an employee position is kinda misleading.
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Replying to @KidThorazine @jaylikewhoa and
Okay but regardless of how you become a CEO, on paper, "CEO" is a job - it has responsibilities you are required to fulfill in order to be compensated
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Replying to @arthur_affect @jaylikewhoa and
sure but thier main job is to be a direct representative for the capitalist class.
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Replying to @KidThorazine @arthur_affect and
And a representative is a job description. It’s why the labor vs capital divide is problematic because it puts a CEO in the position of having oess theoretical power than a guy with a van with a craigslist ad offering to help someone move, he’s the owner if his company.
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Replying to @jaylikewhoa @KidThorazine and
That’s why my distinction on capital vs labor is dependent on whether their income stream stops if they stop working. Many (not ALL but probably most) of small business owners are workers to some extent, I would guess.
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Replying to @ILoveUTigerLily @jaylikewhoa and
Well, okay, but you're still saying the relative amount of money doesn't matter A retiree with a 401(k) is a "capitalist" while LeBron James (until such time as he retires) is a "worker" This doesn't really speak to what most people's concerns are re: "class"
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Replying to @arthur_affect @ILoveUTigerLily and
I mean does the "income stream" part actually matter? If I have no income, only wealth that I'm slowly spending - say I inherited $10 million from my dad and because I'm eccentric I put it all in a checking account and didn't invest any of it - am I a "worker" then
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The genuinely "idle rich" are mostly a thing of the past That's one notable feature about the culture in which we now live, it's normative for everyone to have some kind of job, rich people culture places great emphasis on "business", on literally staying busy
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Replying to @arthur_affect @ILoveUTigerLily and
So it's very common for rich people to have $20 million and to also have some job they got because of the $20 million Sometimes the job is pure bullshit, sometimes it isn't - they might actually work really hard at the office Does it make them not "capitalists"
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Replying to @arthur_affect @ILoveUTigerLily and
What's fun is "unpaid internships" that the rich can afford to take that that get them cool jobs but the poor can't. Fun fun.
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End of conversation
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