How much do you have to make to be rich, according to Recursion?

[Patriot Guard Rider]

http://www.democraticunderground.com/12511018358

Star Member Recursion (43,936 posts)

Sorry, just because, WTF? $250K is not "middle class"

Last edited Sun Jan 17, 2016, 11:47 AM - Edit history (1)
I'd like to redo that thread.

$250K is five times the median US household income.

$250K is three times the median household income in Manhattan, AFAIK the richest county in the US.

$250K is three and a half times the median household income in San Francisco.

Once you get over about $70K or so you're pretty clearly "rich". No matter where you are. If you can't admit that I can't really take you seriously. Dude, if you think 70k or thereabouts is "rich", let me clue you in. You are NOT rich on 70k, no matter how you slice it.

(I live in India and I can tell you that people here would say that about $34K or so, which is the literal "1%" line for the world.)

Now, people say, "oh, but in expensive neighborhoods that money goes away so fast."



"I know I make an objectively large amount of money, but there's so much less of it once I've spent it all."

There will always be people much richer than most people. They will always want to live in certain neighborhoods, and those neighborhoods will change over time. I even acknowledge there's a purpose for those people in the world.

(Most Americans, compared to the rest of the world, are "those people".)

But there's absolutely no way that $250K is anything but "really, really rich" in the context of the US. Or anywhere else.

EDIT: BTW there may be perfectly valid macro reasons not to raise incone taxes on people earning less than $250K. I'd even largely agree in theory. That doesn't detract from my point.

Star Member Agschmid (21,887 posts)
1. Come live in Boston, 70k isn't "rich"...

Star Member Recursion (43,936 posts)
5. I've lived there. On $32K. I was doing quite well as a single dude.

Yes, $70K is "rich". Period.

Star Member Agschmid (21,887 posts)
7. No it's not. Period.

Star Member darkangel218 (13,706 posts)
32. Oh yes, it is.

Star Member Agschmid (21,887 posts)
36. Lol... we are having such a great debate on the issues.

It's not "broke" or "poor" but to call someone who makes 70k where the average apartment rent is... $2,100 for a 1-Bedroom ($25,000 a year, 36% of 70k) And the average home price is... $455,500 which has a 30-year fixed monthly cost of $2,142, again about 36% of income. These costs don't include any utilities, transit costs, car payments of you have one (parking for said car), oh and college loans of you still have those.

To call that rich is ridiculous.

House: http://www.bostonmagazine.com/best-places-to-live-2013-single-family-homes/#.Vpu6Zew8KnM

Apartment: https://www.jumpshell.com/posts/average-rent-in-boston

Star Member Ed Suspicious (6,910 posts)
43. Yes it is.

Star Member Agschmid (21,887 posts)
50. It's not. Period.

Do the math. What's left over after taxes and the costs associated with living in my area.

Yes 70k would be great in some areas for one person but it's not in Boston, this area has a high cost of living.

Do the math, 70k isn't rich and if you want to live in the same town as where you work you are paying upwards of 36% of your income to housing. Most guidance suggests never paying over 30% to housing costs.

People can post "yes it is" to me all day long but I can tell you it's not.

There is more drivel where this stuff came from.

[BlueStateSaint]

But . . . But . . . But . . .

We BEEEEEEELIEEEEVVVVVEEE IT IS!!!!!!!!![/du]



****ing single-cell organisms . . .

[freedumb2003b]

libtards' REAL definition of "rich" = "anyone who makes/has more money than me."

The correlation is: "rich" = "more money than you need"

The only possible result is: "you must transfer the money you don't need to me."

[Chris_]

"Duck season!"

"Wabbit season!"

Agschmid (21,887 posts)
50. It's not. Period.

Do the math. What's left over after taxes and the costs associated with living in my area.

Uh huh.

[BannedFromDU]

     In fairness to the DUmmies, I can see how they'd think someone making $70K is "rich," since most of them end up begging at one point or another, and a good chunk of them howl about their hourly-paid menial jobs.

     Along those same lines, my dog must think I'm the richest person in the world, because he can see and smell what I eat, and he doesn't get it.

     Which is to imply, of course, that DUmmies have pretty much the same perspective as my dog, and indeed many of them live the same way my dog does: wait around until someone feeds them, then go shit outside and maybe howl and bark at absolutely nothing until I tell them to shut to **** up.

     I still prefer my dog, who is a good boy.

     

[BannedFromDU]

libtards' REAL definition of "rich" = "anyone who makes/has more money than me."

The correlation is: "rich" = "more money than you need"

The only possible result is: "you must transfer the money you don't need to me."

     Here's a thought exercise for you worthless DUmbasses:

     Add up the value of all the shit you demand be given to you for free, and tell me if you feel rich.

     You won't, and it's a lot of money.

[Big Dog]

     In fairness to the DUmmies, I can see how they'd think someone making $70K is "rich," since most of them end up begging at one point or another, and a good chunk of them howl about their hourly-paid menial jobs.

     Along those same lines, my dog must think I'm the richest person in the world, because he can see and smell what I eat, and he doesn't get it.

     Which is to imply, of course, that DUmmies have pretty much the same perspective as my dog, and indeed many of them live the same way my dog does: wait around until someone feeds them, then go shit outside and maybe howl and bark at absolutely nothing until I tell them to shut to **** up.

     I still prefer my dog, who is a good boy.

DUmmies rub their asses across Mom's carpet, which is why they are banned to the basement.

[BannedFromDU]

     ***RIDICULEBOT RESULTS***


     Rolex Randy Shaw has still collected exactly $0.00 in his effort to be funded to be an asshole.

[Big Dog]

     ***RIDICULEBOT RESULTS***


     Rolex Randy Shaw has still collected exactly $0.00 in his effort to be funded to be an asshole.

There is Justice in the universe.

[SVPete]

$70K is rich? Yeah, right! Try buying a house in Silicon Valley with that as your income! I don't think a bank would write that mortgage, even with a 50% down payment! Maybe not even for a condo, with a 50% down payment.

[Ralph Wiggum]

Envious & lazy parasites.

[98ZJUSMC]

It's like watching monkeys try to assemble a nuclear device.

Gee, I don't know. Why is the cost of living so high in your deepest blue shitholes?  $34K puts you in the top 1%, worldwide.  Yet, that would have you almost homeless in SF, NY, Chicago and Baaahhsten.

Why (D)Ummies?  Why?  Oh wait, I know!  It's:

[98ZJUSMC]

     ***RIDICULEBOT RESULTS***


     Rolex Randy Shaw has still collected exactly $0.00 in his effort to be funded to be an asshole.

[I_B_Perky]

     In fairness to the DUmmies, I can see how they'd think someone making $70K is "rich," since most of them end up begging at one point or another, and a good chunk of them howl about their hourly-paid menial jobs.

     Along those same lines, my dog must think I'm the richest person in the world, because he can see and smell what I eat, and he doesn't get it.

     Which is to imply, of course, that DUmmies have pretty much the same perspective as my dog, and indeed many of them live the same way my dog does: wait around until someone feeds them, then go shit outside and maybe howl and bark at absolutely nothing until I tell them to shut to **** up.

     I still prefer my dog, who is a good boy.

   

 

Now that made me LOL!!!  Especially the part about barking at nothing.   

H5 Banned!

[USA4ME]

Along those same lines, my dog must think I'm the richest person in the world, because he can see and smell what I eat, and he doesn't get it.

Speaking of which, why is it when I've finished eating I have to prove to my dog I don't have anymore food on me? Like I'm a freakin' black jack dealer!

.

[thundley4]

I'm guessing that a lot of those saying that $70K is rich are most likely BernieBots.  They may have finally gotten a clue that all his promises would mean raising taxes all the way town to the working poor.   

[CollectivismMustDie]

libtards' REAL definition of "rich" = "anyone who makes/has more money than me."

The correlation is: "rich" = "more money than you need"

The only possible result is: "you must transfer the money you don't need to me."

That has a nice ring of truth to it, but I'd put a finer point on it:

libtards' REAL definition of "rich" = "anyone who makes/has more money than me, AND disagrees with me politically".

The 'richness' of political allies is invisible to DUmmies.


CMD

[VelvetElvis]

     In fairness to the DUmmies, I can see how they'd think someone making $70K is "rich," since most of them end up begging at one point or another, and a good chunk of them howl about their hourly-paid menial jobs.

     Along those same lines, my dog must think I'm the richest person in the world, because he can see and smell what I eat, and he doesn't get it.

     Which is to imply, of course, that DUmmies have pretty much the same perspective as my dog, and indeed many of them live the same way my dog does: wait around until someone feeds them, then go shit outside and maybe howl and bark at absolutely nothing until I tell them to shut to **** up.

     I still prefer my dog, who is a good boy.

   

Quit insulting your dog.
Only a small percentage of the DUmmies would bother to go outside to shit.

[txradioguy]

If someone make $1 more than a DUmmie that person is considered "rich"

[BannedFromDU]

If someone make $1 more than a DUmmie that person is considered "rich"

    It's much, much worse than that. If you make $1 more than a DUmmy, and if you're not on the DUmmy exempt list (any celebrity liberal), they want half of that dollar. This process continues, because while x1 = x2, there is an x3 somewhere such that x3 > x2. This requires that x1 (the DUmmy) demands that a payment (let's just call it a "reparation") be made such that x1 = x3.
But now x1 > x2, so x1 has to expend effort to either keep x2 in the dark about this new inequity, or x1 has to convince x2 that he doesn't deserve to have the equity that he worked so hard to finagle for himself. And so on, and so forth, until everyone has exactly the same outcome, except for people who are exempt from this process (Clinton, Gore, Soros, 99.999% of Hollywood, etc).

[Patriot Guard Rider]

    It's much, much worse than that. If you make $1 more than a DUmmy, and if you're not on the DUmmy exempt list (any celebrity liberal), they want half of that dollar. This process continues, because while x1 = x2, there is an x3 somewhere such that x3 > x2. This requires that x1 (the DUmmy) demands that a payment (let's just call it a "reparation") be made such that x1 = x3.
But now x1 > x2, so x1 has to expend effort to either keep x2 in the dark about this new inequity, or x1 has to convince x2 that he doesn't deserve to have the equity that he worked so hard to finagle for himself. And so on, and so forth, until everyone has exactly the same outcome, except for people who are exempt from this process (Clinton, Gore, Soros, 99.999% of Hollywood, etc).

English please. I'm not quite drunk enough to understand algebra.

[BannedFromDU]

English please. I'm not quite drunk enough to understand algebra.

     Simple:

     If I make more than you, you want half.

     If someone else makes more than us, you want half, but you don't want to split the half with me.

     So you pass a few laws to make sure you keep getting half, and I get squat.

     See: Reid, Harry.

     

[Patriot Guard Rider]

     Simple:

     If I make more than you, you want half.

     If someone else makes more than us, you want half, but you don't want to split the half with me.

     So you pass a few laws to make sure you keep getting half, and I get squat.

     See: Reid, Harry.

     

Ahhh..Democrat, for short.