this post was submitted on 23 Jan 2024
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[โ€“] lledrtx@lemmy.world 27 points 10 months ago (1 children)

Upper middle class? I think most if not 90% of billionaires are born in firmly upper class?

[โ€“] Cowbee@lemmy.ml 11 points 10 months ago

"Upper middle class" is just an abstraction from actual class dynamics anyways. It only exists as a believable goal for the working class to achieve and believe they've succeeded, even if they remain workers or at most petite bourgeoisie.

Fundamentally, there is no tying factor bringing this "upper middle class" together, no aligning of mutual interests, outside of tax brackets. As such, it isn't a real class, as the relation to the mode of production is wildly diverse from within this category.