Reply to Down and Out on $250K/year....

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[quote=Anonymous]I am also quite sick of hearing the stats of the top 3% or top 7% of earners.  I'd love to be in Nebraska on $250K/year.  I'd even love to be in Atlanta on that, where private school costs are half what they are here and child care is 30% cheaper.  The value of a dollar in DC metro is not the same as the value of a dollar in Nebraska.   Generally, incomes in the different regions reflect this differing value.  However, the "top 3%" and "top 7%" labels conveniently ignore this value difference.  It's a great oversight when you are trying to induce class warfare in the midst of a political campaign.

On another note:  We pay $400/month to Verizon for telephone/tv/internet/cell.   Do that math, and it's almost $5K/year.   Everything in that over one phone line is a luxury.   Start working up the scale of how much that is in percentages for the incomes discussed above, and you start to see how someone making $50K probably shouldn't have a $400/month Verizon bill and should cut back.  Someone making $250K probably groans when they pay the bill, but they don't cut back the spending.  It seems that 15:32 considers that rich.  But you can't end the inquiry there.  You have to look at what else they are paying and buying.  Do they buy a new car every couple of years?  Send kids to private when a good public school is available?  Employ a nanny when Mom stays home?  These, I think, are indicators of being rich.  Not whether they have internet access at home.

People make choices with their money and their lifestyle choices all the time.  The big question, do you have to make choices at all or can you have it all?  Having it all is rich.  Making calculated choices whether you put a down payment on a car or drive your 10 year old car one more year so that you can send your child to a non-county camp is a financial tradeoff that fiscally responsible, not necessarily "rich", people make.

I wonder how much phone/tv/internet/cell cost in Nebraska?

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