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05-05-2008, 06:42 AM
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#11
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Member
Join Date: Dec 2007
Location: Seattle, WA Ideology: Classical liberalism
Age: 19
Posts: 370
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Re: Millionaires say economy squeezing them too
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.
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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
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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 
Last edited by Dr House; 05-05-2008 at 06:48 AM.
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Your Political Compass
Social libertarian/authoritarian: -7.08
Economic left/right: 6.62
"The best argument against democracy is a 5-minute conversation with the average voter" -Winston Churchill
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05-05-2008, 09:26 AM
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#12
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Member
Join Date: Apr 2008
Location: The greatest nation on earth, the U.S.A.
Posts: 283
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Re: Millionaires say economy squeezing them too
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... 
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OMG, perhaps they can get some sort of government handout?
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Politics would be a helluva good business if it weren't for the goddamned people. Richard Nixon
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05-10-2008, 03:52 PM
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#13
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Senior Member
Join Date: Jun 2007
Location: Blue Heaven
Posts: 1,348
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Re: Millionaires say economy squeezing them too
Quote:
Originally Posted by Bowerbird
But "God didn't mean us to be poor!"
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that is one thing I can agree with you on. |
Life and Death are in the power of the Tongue
" We are heading in the direction of a National Championship" Butch Davis
"Josephine, you're so good to me and I know it ain't easy, Josephine you're so sweet you must taste just like sugar...Tangerine" J. Dylan
Thomas said to Him,"My Lord and my God!"
Then Jesus told him,"Because you have seen me, you have believed;blessed are those who have not seen and have believed."
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05-10-2008, 09:50 PM
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#14
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Member
Join Date: Mar 2008
Location: 3rd rock from the sun.
Posts: 346
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Re: Millionaires say economy squeezing them too
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.
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------------------
Howard Dean chats with a kitten.
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Quotes of former Vice President Dan Quayle:
"MY FRIENDS, NO MATTER HOW ROUGH THE ROAD MAY BE, WE CAN AND WE WILL, NEVER, NEVER SURRENDER TO WHAT IS RIGHT." (IN A SPEECH TO THE CHRIST IAN COALITION)
"THIS PRESIDENT IS GOING TO LEAD US OUT OF THIS RECOVERY."
"The Holocaust was an obscene period in our nation's history. I mean in this century's history. But we all lived in this century. I didn't live in this century."
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05-10-2008, 09:52 PM
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#15
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Senior Member
Join Date: Aug 2006
Location: Where the beautiful Asian girls are!
Posts: 11,456
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Re: Millionaires say economy squeezing them too
Quote:
Originally Posted by democraticus
OMG, perhaps they can get some sort of government handout?
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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...... |
Everything I post is my opinion! So  !
Not a Liberal, not a Conservative, not a Democrat, not a Republican........just a realist with an opened mind.
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05-10-2008, 09:54 PM
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#16
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Senior Member
Join Date: Aug 2006
Location: Where the beautiful Asian girls are!
Posts: 11,456
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Re: Millionaires say economy squeezing them too
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). |
Everything I post is my opinion! So !
Not a Liberal, not a Conservative, not a Democrat, not a Republican........just a realist with an opened mind.
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05-11-2008, 11:26 AM
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#17
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Senior Member
Join Date: Dec 2006
Location: Sierra-Hotel 28
Age: 48
Posts: 8,459
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Re: Millionaires say economy squeezing them too
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.
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"The Bible has been used for centuries by Christians as a weapon of control. To read it literally is to believe in a three-tiered universe, to condone slavery, to treat women as inferior creatures, to believe that sickness is caused by God's punishment and that mental disease and epilepsy are caused by demonic possession. When someone tells me that they believe the Bible is the 'literal and inerrant word of God,' I always ask, 'Have you ever read it'?"
~Bishop John Shelby Spong
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05-12-2008, 08:11 AM
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#18
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Senior Member
Join Date: Aug 2006
Location: Where the beautiful Asian girls are!
Posts: 11,456
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Re: Millionaires say economy squeezing them too
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.
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DOH!!!
I must have been grandfathered in from the previous plan. Sorry Cart Guys!  |
Everything I post is my opinion! So !
Not a Liberal, not a Conservative, not a Democrat, not a Republican........just a realist with an opened mind.
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05-12-2008, 02:11 PM
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#19
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Senior Member
Join Date: Jun 2007
Location: Blue Heaven
Posts: 1,348
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Re: Millionaires say economy squeezing them too
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).
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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. |
Life and Death are in the power of the Tongue
" We are heading in the direction of a National Championship" Butch Davis
"Josephine, you're so good to me and I know it ain't easy, Josephine you're so sweet you must taste just like sugar...Tangerine" J. Dylan
Thomas said to Him,"My Lord and my God!"
Then Jesus told him,"Because you have seen me, you have believed;blessed are those who have not seen and have believed."
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