this post was submitted on 06 Aug 2024
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chapotraphouse
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Millionaires are not your enemy. Being a millionaire is enough to provide decent housing and a nice living. In reality, we should all be millionaires (or have the lifestyle of a current day millionaire) were wealthy distributed equitably.
In fact, it is important to have those with wealth in the movement as well as the poor and downtrodden. There are those wealthy enough to materially support the cause but not to wealthy that they lose sight of the cause.
This is mostly my personal opinion of course but as others pointed out, a million isn't really that much. A single million, invested wisely in index funds and bond funds, assuming the similar rate of growth (4%) and stable society, isn't enough to live "lavishly," although it would certainly be enough to live as a $40,000 annual budget.