How much is "rich"?

[What if...?]

Huh. Really. Makes you wonder how people achieved that dream on so much less...

,

This is a home:

And this is a home:

So that $100K is going to cover the same for someone who needs more healthcare v someone who needs less?



Tuition For a single year at Harvard costs $40,016.00.
A single year at Angelo State University costs $2,500.



A vacation in the Smoky Mountains, Disney World, Bahama's, or a Med Cruise?



It seems there is a pretty wide disparity identified here.



On the contrary, luxuries once enjoyed tend to become seen as necessities - but don't actually become so. Everything past that which you need to survive (for example, college) is "excess".

Not sure what your point is?

$100k should cover the kind of "middle class lifestyle" common when I was growing up, with some left over for the unexpected.

You can get by on less, of course, but my point is one doesn't "need" more.

 

[cpwill]

My point is that one doesn't "need" the middle class lifestyle. The American Middle Class Lifestyle is fantastically wealthy by any measure of "needs" v "wants". Growing up, for example, we were nowhere near high income, but we had a garage. You know what a Garage is? It's a second house that you keep for your cars.

So instead, because we have progressed so far beyond merely filling our "needs", we are seeing an increasing disparity in being able to fulfill our endless "wants". Arbitrarily drawing a line at the current American middle class, stating $100K to be the limit of "needs" and declaring all above to be "excess" is no better an argument than drawing the same line at $30K or $300K.

 

[jamesrage]

Respectfully, I think you are way off target with a figure of $100K.

Thats why I say it depends where you live.

There are 10s of millions of people who earn 100K and certainly would not be viewed as rich. I doubt they are even well-off unless they've accumulated ??

As long as they are not living in New York or some other expensive absurdly high city a 100K is rich.In many parts of the US you can buy a decent 2-3 bedroom house in a decent neighborhood for 50k-70k.

millions along with that modest income.

A 100k is above modest.

Even Lord Obama proposed $250K as "rich" and I couldn't even agree with that.

Considering the fact he lives rent free.Has all his expenses paid for he is most certainly wealthy.

 

[AliHajiSheik]

You can fly on $100k a year.

Not if you want to be able decide who is on the plane with you.

 

[What if...?]

Not if you want to be able decide who is on the plane with you.

Like I said, wants not needs.

 

[Paschendale]

About 100k a year means that you will never ever have to worry about any kind of emergencies, and can afford a good middle class life anywhere in the country. It's obviously less in less expensive places than the biggest cities. Anything more than that is unnecessarily wealthy. No one ever needs more than that, and it is morally reprehensible for anyone to hoard wealth beyond that while people are still going without.

 

[specklebang]

I don't mind this romantic interlude but please don't lose sight of the topic. If you even take home $100K a year, you are comfortable but you are not rich.

Best offer on rich so far, $49M. You want to underbid?

About 100k a year means that you will never ever have to worry about any kind of emergencies, and can afford a good middle class life anywhere in the country. It's obviously less in less expensive places than the biggest cities. Anything more than that is unnecessarily wealthy. No one ever needs more than that, and it is morally reprehensible for anyone to hoard wealth beyond that while people are still going without.

 

[ChunkySalsa]

My definition of "rich" is "has a net worth of at least $0 and a credit score of 600."

 

[molten_dragon]

"Rich" is a matter of perspective. To someone barely getting by on minimum wage, rich is probably a lot less money than to someone like my wife and I, who while far from wealthy live a quite comfortable middle-class lifestyle.

 

[molten_dragon]

You know what a Garage is? It's a second house that you keep for your cars.

You'd think that, but garages are mysterious things. Every house in our neighborhood has a 2 or 3 car garage, and most of my neighbors park in their driveways or on the street. Even during the winter. What do they do with their garages?

 

[specklebang]

You guys keep moving the goalpost closer and closer. So, soon, rich will be anybody that still has checks or finds a quarter on the street.

So, should your taxes be raised? After all, you are "rich" and thus not paying your "fair share".

They say that perception is reality. But only for you, not the rest of the world.

My definition of "rich" is "has a net worth of at least $0 and a credit score of 600."

"Rich" is a matter of perspective. To someone barely getting by on minimum wage, rich is probably a lot less money than to someone like my wife and I, who while far from wealthy live a quite comfortable middle-class lifestyle.

 

[The Man]

You guys keep moving the goalpost closer and closer. So, soon, rich will be anybody that still has checks or finds a quarter on the street.

So, should your taxes be raised? After all, you are "rich" and thus not paying your "fair share".

They say that perception is reality. But only for you, not the rest of the world.

View attachment 67146647

But you say $49 million is rich? Like $48 million, or $38 million, or $28 million is not rich, but middle class???

 

[specklebang]

Honestly, this is just nit-picking. $49M is a figure at which you not only have a lot of money, but you have enough to be influential. Everything needs a line including the definition of rich. So, yes, with $48M you are nearly rich. At $38M you are very well off.

You probably only have $20M and you're just jealous or feel that I've degraded you somehow. Well, don't worry - be happy. I'm impressed that you have $20M. But unlike, say, Sheldon Adelson, you won't be contributing $20M to your chosen candidate. You'll just have to vote like the rest of the peasants.







(while the question is real, we're just having fun here so don't take any of this personally)

But you say $49 million is rich? Like $48 million, or $38 million, or $28 million is not rich, but middle class???

 

[sangha]

Honestly, this is just nit-picking. $49M is a figure at which you not only have a lot of money, but you have enough to be influential. Everything needs a line including the definition of rich. So, yes, with $48M you are nearly rich. At $38M you are very well off.

You probably only have $20M and you're just jealous or feel that I've degraded you somehow. Well, don't worry - be happy. I'm impressed that you have $20M. But unlike, say, Sheldon Adelson, you won't be contributing $20M to your chosen candidate. You'll just have to vote like the rest of the peasants.







(while the question is real, we're just having fun here so don't take any of this personally)

There is a difference between being rich, and being politically influential

 

[The Man]

Honestly, this is just nit-picking. $49M is a figure at which you not only have a lot of money, but you have enough to be influential. Everything needs a line including the definition of rich. So, yes, with $48M you are nearly rich. At $38M you are very well off.

You probably only have $20M and you're just jealous or feel that I've degraded you somehow. Well, don't worry - be happy. I'm impressed that you have $20M. But unlike, say, Sheldon Adelson, you won't be contributing $20M to your chosen candidate. You'll just have to vote like the rest of the peasants.







(while the question is real, we're just having fun here so don't take any of this personally)

Now you're moving the goal posts. You didn't ask how much money does one need to be influential.

 

[specklebang]

I'm not moving goal posts. You credit me with too much Machiavellian capacity. Go, look, your goalpost is at the same GPS coordinates as before.

First, I didn't say anything about influence either in the OP or in the context I placed it. I simply pointed out that one of many factors would be your CAPACITY to influence, not identify influence itself as the defining point.

Obviously, if you only have a few bucks but you have a friend who is on the City Coiuncil, you might be influential but you sure won't be rich even by ObamRatingService.com.

Reminder: look at the OP. I described the problems of the rich. If you are buying a Lear Jet ($14-34 million and a Maybach and you care that they match, then you are rich. $30M just won't cut it but $49M would. You could still contribute $1M to the Specklebang For President 2016 campaign and have enough to go to Starbucks and buy a round for the house.

Now you're moving the goal posts. You didn't ask how much money does one need to be influential.

There is a difference between being rich, and being politically influential

 

[The Man]

I'm not moving goal posts. You credit me with too much Machiavellian capacity. Go, look, your goalpost is at the same GPS coordinates as before.

First, I didn't say anything about influence either in the OP or in the context I placed it. I simply pointed out that one of many factors would be your CAPACITY to influence, not identify influence itself as the defining point.

Obviously, if you only have a few bucks but you have a friend who is on the City Coiuncil, you might be influential but you sure won't be rich even by ObamRatingService.com.

Reminder: look at the OP. I described the problems of the rich. If you are buying a Lear Jet ($14-34 million and a Maybach and you care that they match, then you are rich. $30M just won't cut it but $49M would. You could still contribute $1M to the Specklebang For President 2016 campaign and have enough to go to Starbucks and buy a round for the house.

I checked my GPS, it says "rerouting".

 

[Campbell]

Honestly, this is just nit-picking. $49M is a figure at which you not only have a lot of money, but you have enough to be influential. Everything needs a line including the definition of rich. So, yes, with $48M you are nearly rich. At $38M you are very well off.

You probably only have $20M and you're just jealous or feel that I've degraded you somehow. Well, don't worry - be happy. I'm impressed that you have $20M. But unlike, say, Sheldon Adelson, you won't be contributing $20M to your chosen candidate. You'll just have to vote like the rest of the peasants.







(while the question is real, we're just having fun here so don't take any of this personally)

I keep thinking about that "Joe The Plumber" bull****. A guy who thinks he is a staunch Republican, snaking out septic tanks for $50,000 a year, but because he dreams he will someday buy the company from his boss and worries about how much taxes he will have to pay and decides he must be a Republican. LMAO

 

[Neomalthusian]

I keep thinking about that "Joe The Plumber" bull****. A guy who thinks he is a staunch Republican, snaking out septic tanks for $50,000 a year, but because he dreams he will someday buy the company from his boss and worries about how much taxes he will have to pay and decides he must be a Republican. LMAO

What the hell makes you think that's why people are staunch Republicans?

These childish partisan games people play... :roll:

 

[Jack Hays]

What the hell makes you think that's why people are staunch Republicans?

These childish partisan games people play... :roll:

Campbell is a whiner.

 

[Campbell]

Campbell is a whiner.

You goddamned right I am. I started out as a working Republican. For thirty years I worked in every race sometimes door to door, sometimes on the phones, sometimes posting signs, etc. The party used to stand for balanced budgets, small government and individual liberty. Since Reagan's "VooDoo Economics" the only difference in the two parties is that the Democrats hold taxes at a level which will pay their bills and the Republican party borrows from foreign banks and funnel most of it into the pockets of the rich:

..............................ANNUAL INTEREST/NATIONAL DEBT................................

Total U S Debt


09/30/2009 $11,909,829,003,511.75(80% Of All Debt Across 232 Years Borrowed By Reagan And Bushes)

09/30/2008 $10,024,724,896,912.49(Times Square Debt Clock Modified To Accomodate Tens of Trillions)

09/30/2007 $9,007,653,372,262.48
09/30/2006 $8,506,973,899,215.23
09/30/2005 $7,932,709,661,723.50
09/30/2004 $7,379,052,696,330.32

09/30/2003 $6,783,231,062,743.62(Second Bush Tax Cuts Enacted Using Reconciliation)


09/30/2002 $6,228,235,965,597.16

09/30/2001 $5,807,463,412,200.06(First Bush Tax Cuts Enacted Using Reconciliation)


09/30/2000 $5,674,178,209,886.86(Administration And Congress Arguing About How To Use Surplus)

09/30/1999 $5,656,270,901,615.43(First Surplus Generated...On Track To Pay Off Debt By 2012)

09/30/1998 $5,526,193,008,897.62
09/30/1997 $5,413,146,011,397.34
09/30/1996 $5,224,810,939,135.73
09/29/1995 $4,973,982,900,709.39
09/30/1994 $4,692,749,910,013.32

09/30/1993 $4,411,488,883,139.38(Debt Quadrupled By Reagan/Bush41)

09/30/1992 $4,064,620,655,521.66
09/30/1991 $3,665,303,351,697.03
09/28/1990 $3,233,313,451,777.25
09/29/1989 $2,857,430,960,187.32
09/30/1988 $2,602,337,712,041.16
09/30/1987 $2,350,276,890,953.00
09/30/1986 $2,125,302,616,658.42
09/30/1985 $1,823,103,000,000.00
09/30/1984 $1,572,266,000,000.00
09/30/1983 $1,377,210,000,000.00

09/30/1982 $1,142,034,000,000.00(Total Debt Passes $1 Trillion)

09/30/1981 $997,855,000,000.00

 

[Jack Hays]

I'm no longer a Repub either, but I made my way in the world and I don't whine.

 

[specklebang]

I keep thinking about hyper-partisan people who enter a thread to post something that has not one ****ing thing to do with the topic.

I keep thinking about that "Joe The Plumber" bull****. A guy who thinks he is a staunch Republican, snaking out septic tanks for $50,000 a year, but because he dreams he will someday buy the company from his boss and worries about how much taxes he will have to pay and decides he must be a Republican. LMAO

 

[Campbell]

I keep thinking about hyper-partisan people who enter a thread to post something that has not one ****ing thing to do with the topic.

I'm not the only one who sidetracks these forum topics. I can't blame the Republicans for wanting to talk about something besides the Reagan/Bushes debt, tax cuts and unnecessary wars.

 

[specklebang]

DISLIKE

I had to manufacture my own button for this. You really are a boring man.

I'm not the only one who sidetracks these forum topics. I can't blame the Republicans for wanting to talk about something besides the Reagan/Bushes debt, tax cuts and unnecessary wars.