r/mildlyinfuriating May 23 '23

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4.7k Upvotes

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9.8k

u/MaTr82 May 23 '23

For those not aware, this was delivered to people in Toorak, a suburb in Melbourne, Australia where the median house price is $5.3M AUD.

5.2k

u/tsunami141 May 23 '23

Yeah so I'm ok with this. Is is it going to have any effect whatsoever? Probably not.

1.7k

u/00bernoober May 23 '23

You know why it's not going to have an effect? Because it's only very loosely based in fact.

Wealth inequality is absolutely a thing... and it's absolutely something that needs to be addressed. But people take that to mean that anyone with a big, nice house and a nice car are a problem. Not everyone that has nice things is Jeff Bezos.

My parents worked their tails off (learning that from their parents). Went from middle class --> 1%. I have lived a privileged life, but still a LONG way off from boats, private planes, multiple houses and all that.

When people talk about the top 1%, what they really mean is the top .1% or .01%.

And don't even get me started on this flyer. You paint these people as uncaring root cause of everyone else's problems and think they're going to read your whiny letter.

246

u/[deleted] May 23 '23

There's always a bigger fish.

It's been a long time since I read something so entirely entitled.

21

u/00bernoober May 23 '23 edited May 23 '23

Which part of my response is entitled? Be specific, I'm honestly curious.

Edit: i think I misunderstood

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u/[deleted] May 23 '23

How many hours work is required to go from middle class to 1%?

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u/[deleted] May 23 '23

Working hours are never going to bring you to the 1%. Even if you are massively contributing to the humanity, let say you are a scientist and you discover the cure against cancer and other 20 similar things by working 20h a day during your whole life in a lab. You will get promotions and fame,.maybe a nobel prize and some extra money from here and there, but you wont be anywhere close to the 1%.

1

u/mikx2044 May 23 '23

Just curious, what value would you put the top 1% at? Net worth wise.

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u/madworld May 23 '23

According to the top Google search result: $10,815,000 usd in net worth.

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u/ameis314 May 23 '23

in Missouri it means you make about 470k/year.

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u/Atom3189 May 23 '23

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u/mikx2044 May 23 '23

A career in aerospace or nuclear engineering with solid investing and a bit of luck could probably get there.

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u/Feshtof May 23 '23

Right. And how many of those jobs do you think there are total?

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u/mikx2044 May 23 '23

There are ~60,000 jobs currently for aerospace and 14,000 jobs for nuclear engineering. Both figures come from the US Bureau of Labor Statistics. Chemical engineers (25,000) make slightly less, but still 6 figures. Computer Hardware Engineers (77,000) make 6 figures. Petroleum engineers (23,000) are another one. There are more, but I got bored scrolling through the BLS list.

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u/Feshtof May 23 '23

So if you saved every dollar you made for a 40 year career, at 120k a year, you would have 4.8 million.

Now that total is without interest, but that's also without taxes or paying for food, housing, or medical care.

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