Reply to Study shows that 350k/year is barely scrapping by as middle class

Forum Index » Money and Finances

Reply to "Study shows that 350k/year is barely scrapping by as middle class"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I thunk the PP got it right and is defining middle class as you still need a huge paycheck to support your life. Rich would be having large investments that produce enough income on their own to pay for your lifestyle.[/quote]
That's ridiculous. You mean someone who earns $1mil, but has a $700K lifestyle (less taxes), so has little in investments, is not considered rich?[/quote]

No. Because said person would be dirt poor tomorrow if they lost their income. [/quote]

No.  That person *might* have to downsize and would have change spending habits but they wouldn’t be dirt poor.  [/quote]

Both sides debating this are idiotic. Yes, its fun to come up with wacky hypothetical to test principles.  But you are all wasting your time. Some rich billionaire has paid alot to incite class warfare and you guys are falling for it.

Here is the truth: Everyone who has to work for a living lives a very, very different lifestyle from those that don't. Some make more and some make less. Maybe some are rich. As long as the capital gains tax rate is less than the maximal income tax rate, and as long as the Warren Buffets of the world pay a lower tax rates than their secretaries, we are all losing. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics