🚨🚨 THREAD TIME 🚨🚨

let's talk about the differences between income, wealth, and class

tl;dr: income is earned, wealth is bought, and class is inherited

also hi friends, while on the topic of income, this work is my only source of it! times are tough and folks are really struggling, but if you have a couple extra bucks please consider sending a tip my way

💰 venmo rachel-kahn-5
💵 cashapp $rachokay

https://t.co/wGjQBJpWsW
INCOME is the amount of money a person makes from labor and investments

so if you work for 2,000 hours and are paid $40,000 in a year, that's income

OR if you have a $1,000,000 stock portfolio with a 5% return rate and cash out $40,000 of it, that's income too (fucked, right?)
WEALTH is the amount of capital you own

that could be owning a house and land worth $150,000

or owning a small business with $150,000 in assets

or owning $150,000 worth of stocks

wealth is the investments that are themselves accruing value
CLASS is about what you stand to inherit

in the united states we use a lot of weird doublespeak to avoid talking about the proletariat, the petit bourgeoisie, and the bourgeoisie directly

proletariat ~ working class
petit bourgeoisie ~ middle class
bourgeoisie ~ upper class
liberal categorizations of class are misdefined by income level (vs overall familial wealth). this happens because the bourgeoisie want the proletariat to believe class mobility is possible.

it isn't.
https://t.co/GEpWyuxuhQ
so when biden and cnbc are arguing whether a $400,00 income is "wealthy" or "upper middle class" they're actually both totally conflating a bunch of terms and misunderstanding the system

if you have $400,000 in income but no wealth, you aren't middle class. you're working class
frankly, even if you have $400,000 in income AND you have wealth, you aren't necessarily upper-class, because the inheritance of class isn't just capital and wealth--it's your connections. it's how many senators you have in your pocket. it's how many CEOs you can call on for help
that's why i say the only way to be in the bourgeoisie is to be born into it.

even if you make enough money to acquire capital and secure your wealth, YOU will never be bourgeoisie, because your parents weren't.
becoming filthy rich won't give you the advantages of having gone to a fancy boarding school and graduating from harvard. it won't give you the shared bourgeois cultural background.

you'll still dress wrong, talk wrong, enjoy the wrong things. they'll still see you as less-than.
at best you'll be like donald trump: a desperately self-conscious nouveau riche misfit

that's why the bourgeoisie have such an interest in obscuring who and what they are--they don't want you to realize you'll never become them, that their system is fundamentally nepotistic.
the only way to fix this problem is to do away with class altogether. and the only way to do away with class is to dispossess the bourgeoisie

capitalism only exists on the broken backs of working people. there are no good capitalists, just like there were no good slave masters.
but knowledge is also a kind of power, and i hope this thread will empower some of you to see through the smokescreen they've built for themselves.

they can't actually make us work. we can liberate ourselves. we can stop this by putting down our tools and refusing to cooperate.
@threadreaderapp unroll pls n thank u

More from Economy

What do a Tory Peer, Selwyn Gummer (Lord Chadlington), David Sumner ( Sumner Group Holdings) and the Sanchez Perez family (drugs money, laundered through Gold mines) have in common?

It’s another company-saving a £50 million PPE contract shaggy dog story

Connections, connections


What a start to the story

“A bulletproof truck trundled down the road in downtown Lima, guarded by 18 policeman
They were wearing body armour & wielding high velocity rifles

No-one was taking any chances
This was a Special delivery for Peruvian Prosecutor for an anti drug trial


That was in 2011, the same year that Lord Chadlington’s daughter got married in Chadlington to Henry Allsopp.

Who was there?
Yes Kirstie Allsopp of Location, location, location and all this Covid nonsense fame) is his sister

Camilla, his Godmother

Jeremy Hunt

Cameron


Well. Come on. Lord Chadlington had been chair of the local Witney Conservative Association. It’s only fair.

Hang on. Julian Wheatland, Director of SCL Group/ Cambridge Analytica had also been chair of Witney Conservative Association...and campaigned for his mate Cameron

Are we sure Julian Wheatland and his side kick Alexander Nix were not there too @JolyonMaugham ?

I mean. They move in the same North Oxford circles.
EVs DO NOT EMIT MORE PM

Recently @OECD published a report about particulate matter (PM) from road transport. Newspaper headlines blared that electric vehicles where worse than combustion vehicles. That conclusion was wrong according to the report itself.

Let me show you.


The report (published december 7) can be found here:
https://t.co/1HpicKexOt


It's main point is well taken: as cars get cleaner, fine particles emitted by brakes, tires and road surfaces will become more important.
The table comparing electric and combustion engines is on page 92. I took averages of low and high values to get the graph in the first tweet.


I merely took the averages. To get this.


I think it is a terrific report that pulls together a LOT of literature on fine particles that cars spew into the air and that make us sick.

We have ignored this problem for too long, and there's more here than simply exhaust!

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THE MEANING, SIGNIFICANCE AND HISTORY OF SWASTIK

The Swastik is a geometrical figure and an ancient religious icon. Swastik has been Sanatan Dharma’s symbol of auspiciousness – mangalya since time immemorial.


The name swastika comes from Sanskrit (Devanagari: स्वस्तिक, pronounced: swastik) &denotes “conducive to wellbeing or auspicious”.
The word Swastik has a definite etymological origin in Sanskrit. It is derived from the roots su – meaning “well or auspicious” & as meaning “being”.


"सु अस्ति येन तत स्वस्तिकं"
Swastik is de symbol through which everything auspicios occurs

Scholars believe word’s origin in Vedas,known as Swasti mantra;

"🕉स्वस्ति ना इन्द्रो वृधश्रवाहा
स्वस्ति ना पूषा विश्ववेदाहा
स्वस्तिनास्तरक्ष्यो अरिश्तनेमिही
स्वस्तिनो बृहस्पतिर्दधातु"


It translates to," O famed Indra, redeem us. O Pusha, the beholder of all knowledge, redeem us. Redeem us O Garudji, of limitless speed and O Bruhaspati, redeem us".

SWASTIK’s COSMIC ORIGIN

The Swastika represents the living creation in the whole Cosmos.


Hindu astronomers divide the ecliptic circle of cosmos in 27 divisions called
https://t.co/sLeuV1R2eQ this manner a cross forms in 4 directions in the celestial sky. At centre of this cross is Dhruva(Polestar). In a line from Dhruva, the stars known as Saptarishi can be observed.