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HOT TAKE ALERT
Citizens United | More Perfect
CORRECTION: 4.5% interest on $500,000 is $22,500 annually, meaning a $1,875 check each month. I still think I could live off of that... but my point is not that having $500,000 in cash makes you a member of the 1%, just that having capital makes meeting basic expenses a LOT easier. To the Owner Class having 500k is chump change.
HOT TAKE ALERT
Citizens United | More Perfect
CORRECTION: 4.5% interest on $500,000 is $22,500 annually, meaning a $1,875 check each month. I still think I could live off of that... but my point is not that having $500,000 in cash makes you a member of the 1%, just that having capital makes meeting basic expenses a LOT easier. To the Owner Class having 500k is chump change.