Wage slaving is wage slaving regardless of how high the salary is

[Revan]

This is why I’m gonna move to the UK and live off of welfare benefits

i mean you are black so you could probably larp being an african refugee

 

[Jason Voorhees]

This is why I’m gonna move to the UK and live off of welfare benefits

Very American statement

 

[Subhuman]

i mean you are black so you could probably larp being an african refugee

as a black boi myself, the bbc is definitely a myth

 

[Revan]

as a black boi myself, the bbc is definitely a myth

bwc aint tho

 

[romanstock]

The lady pathologist I saw today seems to have it pretty good. Only works 8:30am to 12:30 each day, she just took my blood then that's it, monkey could've done it, took 5 mins, she said she'd had a quiet day only saw 6 other people over minor things. She sounded like a dumb bitch too. I wonder how much she makes. No doubt enough to live off.

 

[Jason Voorhees]

The lady pathologist I saw today seems to have it pretty good. Only works 8:30am to 12:30 each day, she just took my blood then that's it, monkey could've done it, took 5 mins, she said she'd had a quiet day only saw 6 other people over minor things. She sounded like a dumb bitch too. I wonder how much she makes. No doubt enough to live off.

Yes but she had to study for more than decade for it

 

[Seth Walsh]

One thing that people miss about very high salaries in say quant, surgeon, legal firms etc is the actual salary they receive in hand, the purchasing power and whats actually left after taxes. Because taxation at this tier of wages becomes very muddy

Going from broke college studet to a stable high corporate salary completely changes your life no doubt about it but once you start climbing from $140-150k to $300k you hit a weird no man's land. I have already driven this point home in my previous threads

https://looksmax.org/threads/the-danger-of-150k-500k-income-range-in-america.1700686/

but let me quantify it for you properly. You are making a lot of money now yes but you aren't really getting richer. Your day to day life comes down to what kind of grind you want to tolerate. If you choose quantitative finance, big law, or surgery, you're signing up for a high pressure meat grinders for 70+ hours a week. In this regard I feel big tech is better than anything else. I asked Gemini for a rough break down and here it is.

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A tech guy can hustle hard for a few focused hours, get work done, and spend the rest of the day just chilling on Discord, scrolling TikTok and living comfortably. Yes he won't be making as much as cardiologist or quant traders but still paid similar per hour rates for less effort but the problem still remains W-2 payroll.

$200k and $400k aren't much different. Again another example with cold hard numbers

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So if you live in High tax hub like California or New York you're going to have 40% to 50% of your check instantly bleed out into taxes before it ever hits your bank account. That's how brutal it is

This is why in my opinion after a certain income bracket it doesn't make sense to be an employee. Once you move from W-2 to 1099/K-1 partnership then it starts making difference. Let's quantify it again.

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Both making $300,000 Person B keeps ~$49,000 more cash every single year than Person A. Over a 10 year career that single change compounds into an like extra $700,000+ in net worth, entirely funded by money that Person A paid in taxes and this is just for starters. There are also other loopholes that exist for owners

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This is what highly skilled people realize that at some point that they are generating millions of dollars for an entity that throws you a fraction and the firms aren't stupid. They know that at some point you will figure out the game and to prevent you from leaving and pulling a Jim Simons or starting a competing firm. They give partnership.

This means turning into partner at a law firm, surgeon given clinics or engineer with equity or some top quant guy getting partnership in performance pool. They aren't doing this because they want to be fair. They are basically turning you a volatile asset into an owner who is now locked into the survival of the mothership. This isn't something unique to US either. Similar things exist in Europe, Asia too. I just took US example because it's easy to pull numbers.

Wage slave is wage slave regardless of how high his wages are. I don't define someone wealthy when the moment they stop selling their hours they end up in the streets. This is why I keep shoe horning the point that the ultimate goal cannot and should not be a bigger paycheck. It must be equity and ownership.

All about the retained surplus and conversion into durable ownership in productive assets that compound long term.

Income should be looked at differently. Not a spending stipend. But something to capture the net surplus from, to build a tax-sheltered asset base.

Income raises borrowing power (i.e., larger mortgages). Loans can be taken our against equity portfolios. (Salaries are most useful as acting as a stream to pay back mortgages and loans).

If you are spending your salary you're probs retarded and cucked. Salary is the dry powder.

Good thread

 

[Jason Voorhees]

All about the retained surplus and conversion into durable ownership in productive assets that compound long term.

Income should be looked at differently. Not a spending stipend. But something to capture the net surplus from, to build a tax-sheltered asset base.

Income raises borrowing power (i.e., larger mortgages). Loans can be taken our against equity portfolios. (Salaries are most useful as acting as a stream to pay back mortgages and loans).

If you are spending your salary you're probs retarded and cucked. Salary is the dry powder.

Good thread

Agreed.

 

[romanstock]

Yes but she had to study for more than decade for it

Medicine is just memorisation, anyone can do it. She spent those years with a good routine of hanging out with the girls, getting fucked by Chad, having her Dad pay for things, then just reading and memorising crap. And for what? Who needs to know any of that to just draw blood and do a couple of other things. Could learn it all within a week.

 

[Seth Walsh]

Because a capitalistic society benefits from the maximum taxation on labour and minimal taxation on the capital/goods.

And soon "labour" won't even be afforded to humans. It'll be given to robots and AI.

People say we'll cross that bridge when we come to it, but it's already here for entry level white collar roles and in 1 years time it'll be framed as a "crisis" no one could see coming.

If labour can't even be given to humans in any capacity (assuming the job involves a computer). Then how does anyone build starting capital; althewhile, massive old money capital stock-piles generate excess returns at levels never seen before in history.

 

[Sayori]

i hate when niggas say they're going to start a business.

genuinely the most saddest cope i've ever witnessed. are you going to get it backed by yc? do you have any fucking idea what the business is going to be? or is it gonna be dog-walking or lawn mowing

Nga it’s just a gamble jfl, it’s not like I’m relying on that idea to pay for it

I know the failure rate for small business and I don’t care, I’m willing to throw out a 5 k usd chip coin

“Saddest cope” I could agree with this, but not in my context as it’s not even plan B or C in the context of what I’m doing

 

[Jason Voorhees]

Jmp

 

[proxxyy11]

Nga it’s just a gamble jfl, it’s not like I’m relying on that idea to pay for it

I know the failure rate for small business and I don’t care, I’m willing to throw out a 5 k usd chip coin

“Saddest cope” I could agree with this, but not in my context as it’s not even plan B or C in the context of what I’m doing

idk u personally obviously, but im wishing u the best on ur journey mud.

very curious how it turns out, can u update us anytime in the future with new threads? that is if u actually plan on making the business

 

[Sayori]

idk u personally obviously, but im wishing u the best on ur journey mud.

very curious how it turns out, can u update us anytime in the future with new threads? that is if u actually plan on making the business

Yeah, I’m warning slaving rn heavy so the update will def be in a few months time