That alone should give you an idea of the difference between these people.
But whatever man - you’re like this on Reddit and on here all the time. You’re extremely stubborn and refuse to move on in life. Have fun with that attitude.
But regardless, silicon valley workers get equity as well that is taxed as capital gains - some times that makes up a very large proportion of their income. This is doubly true with equity from start-ups that might entirely be taxed at long-term capital gains.
But the point stands - what's the cut off. Sure, the guy making $40k is different than the billionaire. What about the guy making $500k? $1M? $5M? Now we're in CEO territory. Are CEOs "workers"?
The argument just doesn't hold water.
But you said it's the difference between "upper middle class" and rich? So I ask again, what's the cut off?
Even among those making over 200k, there’s a qualitative difference between needing to work and being able to live off passive income. To say someone making 500k a year has more in common with someone who has immense generational wealth just misses the point. The political incentives are different.
I’m obviously aware that all shareholders have a voting stake - but most of their stakes are so small as to be negligible.
You have extremely weak arguments and constantly try to choose tiny things to create a wedge issue. Your argumentation is ineffective and trollish. You don’t win any arguments - you just troll online. I get it - you have nothing better to do with your life. It’s why I see you all over posting all the time. You’re like an old man yelling into the wind. And like that man - soon to be dust in it.
Which makes me think you’re just wrong and can’t admit it?
This is technically inaccurate. RSUs are taxed as "ordinary income" on the date they vest. _AND_ they are also subject to capital gains taxes when they are sold.