Millionaires say economy squeezing them too - Page 2

Dr House · 05-05-2008, 07:42 AM

Quote:

Originally Posted by johnlocke

Really? If your head has a temperature 147.3 degrees F and your toes have a temperature of 49.3 degrees farenheit, your AVERAGE body temperature is 98.6 and you're perfectly healthy.

The reality, in case you missed it is that you're DEAD but the AVERAGES indicate otherwise.

That argument would be valid if income inequality were alarmingly high. It's not, the worst estimates have America's Gini coefficient at 49. Unequal, but not staggeringly so. Median household income in 2005 was $15,900 for the bottom 20%, $58,500 for the middle 20%, and $85,200 for the 4th quintile. That's not bad at all, really.

Quote:

Originally Posted by william the wierd

The far bigger problem is that the 80/20 rule also applies to incomes

No it doesn't. See above. If the 80/20 rule applied to incomes, we'd see 20% of the workforce making $140,000 a year and the remaining 80% of us making $9,000 a year. That's obviously not the case.

-Dr House

democraticus · 05-05-2008, 10:26 AM

Quote:

Originally Posted by michaelr

Article here..........

Well Boo the fucking HOO HOO HOO!!!

The middle class is all but over, but we get fuzzies like this...

OMG, perhaps they can get some sort of government handout?

Heel31ok · 05-10-2008, 04:52 PM

Quote:

Originally Posted by Bowerbird

But "God didn't mean us to be poor!"

that is one thing I can agree with you on.

Merantes · 05-10-2008, 10:50 PM

It depends on how they are qualify "millionaires." On paper, I am a millionaire. However, I do not have miilions. My salary does not reflect this; I live paycheck to paycheck. And if I do sell my company (of which I am a co-founder and from which my paper wealth arises), payment will likely come in installments. Due to existing tax laws, it is quite possible that if I do sell, I will owe more in taxes than what I will receive up front.

Common Sense Craig · 05-10-2008, 10:52 PM

Quote:

Originally Posted by democraticus

OMG, perhaps they can get some sort of government handout?

You mean unlike the handouts they're getting now from their favorite politicians?

They're all in this together........the millionaires aren't losing anything......

Common Sense Craig · 05-10-2008, 10:54 PM

Quote:

Originally Posted by Dr House

And yet the average salary rate in the US is $35,000. Remarkable.

-Dr House

Hmmm...here in the Bay Area of California, that would get you a deluxe cardboard box under an overpass with a "lake view" (read sewer or water collecting hole to pee in).

johnlocke · 05-11-2008, 12:26 PM

Now,now CSC... the cardboard box option is for those who make $45,000 per year.
Those who make $35,000 have the "I stole this shopping cart" plan.

Common Sense Craig · 05-12-2008, 09:11 AM

Quote:

Originally Posted by johnlocke

Now,now CSC... the cardboard box option is for those who make $45,000 per year.
Those who make $35,000 have the "I stole this shopping cart" plan.

DOH!!!

I must have been grandfathered in from the previous plan. Sorry Cart Guys!

Heel31ok · 05-12-2008, 03:11 PM

Quote:

Originally Posted by Common Sense Craig

Hmmm...here in the Bay Area of California, that would get you a deluxe cardboard box under an overpass with a "lake view" (read sewer or water collecting hole to pee in).

I would suggest that if this is the case a quick move would make a heck of a difference.Leave it all behind and move to the promised land. When they said the South will rise again they were not kidding.2 Adults (kids eat free in the south) can live like royalty on that kind of money.CSC I think we have touched on this before, once you pick up the lingo anyone would be good to go in a number of southern states.You do not have to be a millionaire but if you are, it only makes it that much better.