Translation: Wow did he nail it and do I look like a boob.You seem to imply that an income of 100k qualifies somene as wealthy. I point out the issue with thT.Are you stoned? You misread my post and then post false and confusing arguments against it.No.
For starters, you confuse "income" with "wealth." They arent synonyms.
Second, in a place like NYC 100k wont get you very far. Income taxes will take nearly 60% of that. Cost of living is high. If you send a kid to private school you're pretty much way down the socio economic scale.
Finally just because someone has an income of 100k one year doesnt mean much. I had an income of more than that one year and was in the top 10% of earners. But that was because I sold a building i had owned a long time and had cap gains. The next year I was in the bottom.
I'm not confusing anything. You said "you consider and income of $00,000 to be wealthy". Nothing in there about wealth. The average American income is $52,000. $100,000 is almost twice that. And a survey down here showed that in real terms average incomes are brought UP by the earnings of the wealthy - ie , you take the uber rich's incomes out of the equation and the average income declines markedly.
Um, no. Methinks somebody has comprehension problems. Go reread the above thread. Then tell me I misread your post...
Then yoy have some irrelevant obvious bullshit about taking out the top income earners and the average declines. Were you always this good at math? Of course thats the case. So what?
You must be stoned.
Oh boy.....
Yup, that's it, kiwiboy. When you have something intelligent or even truthful to say about wealth and income come back to us.