It hurts the definition of the words when you use ultra wealthy to refer to the top 50%...
replyYou think 50% of people don't labor?
replyWhile about 50% to 60% of the adult U.S. population are active W-2 wage earners at any given time, the percentage that relies on labor exclusively (meaning they have zero capital income or assets to fall back on) sits right around 40% to 50% of working households.
reply> 40% to 50% of working households
replyNot people then.
Are you arguing that the other people in a household are laboring, or do you think they're counting pets?
replyUltra wealthy literally means "beyond wealthy". A double digit percentage of the population, maybe 30-50% belong to the non-laboring class.
replyIf I was talking about "ultra obese" people, you wouldn't assume I was talking about everybody who has a couple of extra pounds?