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arthur_affect's profile
Arthur Chu
Arthur Chu
Arthur Chu
Verified account
@arthur_affect

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Arthur ChuVerified account

@arthur_affect

Mad genius, comedian, actor, and freelance voiceover artist broadcasting from the distant shores of Lake Erie (he/him)

Broadview Heights, Ohio
arthur-chu.com
Joined August 2009

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    1. Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      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"

      3 replies 2 retweets 17 likes
    2. Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      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

      3 replies 2 retweets 12 likes
    3. 4 Lv. 11 Geodudes‏ @ILoveUTigerLily 7 Dec 2020
      Replying to @arthur_affect @jaylikewhoa and

      You’re neither a worker or capitalist in that situation. Work would require you to do labor and capital would require interest on your wealth. Your no different than a guy blowing his paycheck at a bar, just for years at a time instead of hours.

      3 replies 0 retweets 0 likes
    4. Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      Replying to @ILoveUTigerLily @jaylikewhoa and

      Okay so what if I did put my money on investments but the investments are generally bad I bought $10 million in stock but while the stock hasn't collapsed it's also never paid dividends and I pay my bills by slowly selling it

      2 replies 1 retweet 6 likes
    5. 4 Lv. 11 Geodudes‏ @ILoveUTigerLily 7 Dec 2020
      Replying to @arthur_affect @jaylikewhoa and

      Same situation as before - if your wealth stack is dwindling you’re not a capitalist. I’m talking about the generation of more wealth from ownership.

      2 replies 0 retweets 0 likes
    6. Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      Replying to @ILoveUTigerLily @jaylikewhoa and

      Why is the number on the bank account so important Paper wealth is a social construct - one we invest a lot of meaning in, but in terms of the material way one lives one's life becomes largely irrelevant past the millionaire mark

      1 reply 3 retweets 7 likes
    7. 4 Lv. 11 Geodudes‏ @ILoveUTigerLily 7 Dec 2020
      Replying to @arthur_affect @jaylikewhoa and

      It’s not, I think that was the point of your “idle rich” person and I said I don’t think they’re a capitalist. It’s defined by their relation to labor, not by how rich they are. If they’re bank account is growing, someone is working for that money without getting paid.

      1 reply 0 retweets 0 likes
    8. 4 Lv. 11 Geodudes‏ @ILoveUTigerLily 7 Dec 2020
      Replying to @ILoveUTigerLily @arthur_affect and

      If the bank account is shrinking, it means the people providing labor for that person are getting compensated.

      1 reply 0 retweets 0 likes
    9. Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      Replying to @ILoveUTigerLily @jaylikewhoa and

      I don't think the numbers are as important as you seem to think they are In particular when we're talking about this scale of investment, how much "wealth" you have can change radically based on fluctuations on the stock market from day to day based on random factors

      1 reply 1 retweet 6 likes
    10. Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      Replying to @arthur_affect @ILoveUTigerLily and

      This is the whole thing, that if holding equities (and presumably also bonds, although I dunno if you'd classify privately and publicly issued bonds separately) makes you one class and holding cash makes you another, then switching classes is very easy and inconsequential

      1 reply 2 retweets 8 likes
      Arthur Chu‏Verified account @arthur_affect 7 Dec 2020
      Replying to @arthur_affect @ILoveUTigerLily and

      Some rich people switch between being a genuine capitalist and not being one several times in a month Without even knowing it, a computer does it

      1:34 AM - 7 Dec 2020
      • 2 Retweets
      • 7 Likes
      • Cyn paul stukowski Matthew Callahan Ollie Hood MHSSI ☪️ ☭🥦🦉🐊 Jay still loves USPS Horrible Checkers Lad Appreciator The Nerd Errant Arthur Chu
      0 replies 2 retweets 7 likes

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