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Comment by ThrowawayR2 | Hacker News Reader

"The wealth of the top 1% reaches a record $52 trillion ... The total wealth of the top 10% ... reached a record $113 trillion", so subtracting, the other 9% has $61 trillion.

"The top 1% held 29% of total household wealth in the second quarter ... The top 10% held 67% of total household wealth in the quarter...", so subtracting again, the other 9% has has 38% of total household wealth.

When the SV techbros in the top 10% say "eat the rich", they're volunteering themselves to be on the menu too. Don't let 'em say otherwise.

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This is exactly what I've said for a decade.

When people talk about the 1% they almost always mean the 0.1%>

A $300k/yr "tech bro" lives a life much closer to someone making $50k than someone making $50m

Perhaps but that $300k/yr tech bro is still making 6 times the median US individual income. It's actually ~$400k/yr for an ordinary L5 SWE at Google or SDE III at Amazon, or 8x the median US individual income. Surely they will be willing to contribute their fair share out of solidarity and, if not, the proletariat can knock on their door to remind them.

W2 employees do already contribute far more of their income vs the ownership class that has an array of loans, loopholes, and tax-advantaged accounts (all cap gains, for example) at their disposal.

If somebody is making $400,000/year, they're contributing a little over $100,000 in income taxes. You don't think that's a fair share?

If you ask the 50% of the US public that makes $50,000 / year (median US individual income) or less whether paying twice they make in income taxes, leaving six times what they make as after-tax income, is a fair share, what do you think they are going to say?

Your response and the sibling are exactly what I'm talking about: "Eat the rich but of course we don't mean us!" If you think the proletariat is not going to see right through that, think again.

Yes. And?

Despite working in tech, my solidarity is not with the tech bros. By all means, tax the shit out of my wealth bracket.

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