"One medical debt away from being destitute" is socialists trying to make common cause between the upper and lower class. We have great insurance and big piles of savings, there's nothing in common with people who can barely afford their deductible and lose their job for missing too much work.
The boundary between working class and not working class is not at the 99th percentile where you would have it. The diminishing marginal utility of money means you get 90% of the security of being wealthy at 0.1% of the net worth of a billionaire.
> We have great insurance and big piles of savings, there's nothing in common with people who can barely afford their deductible and lose their job for missing too much work.
Between 30 and 70% of Americans can't make ends meet. What used to be called "middle class" is disappearing, making way to only 1%-ers and us, the rest. The fact that I drive a Tesla and some guy drives a Dodge, doesn't mean we are not both stuck in traffic while there is some shcmuck flying on their private jet to reach their yacht.
The boundary between working class and not working class is not at the 99th percentile where you would have it. The diminishing marginal utility of money means you get 90% of the security of being wealthy at 0.1% of the net worth of a billionaire.