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dynasaw

(998 posts)
Sat Feb 25, 2012, 03:07 PM Feb 2012

You Are Super Rich If You Can Afford

"A Russian sable coat at $240,000, a facelift for $18,500, a thoroughbred yearling racehorse at $319,340, a Sikorsky helicopter at $14.8m, an arrangement of flowers changed weekly for six rooms at $98,100 or a year's tuition at Harvard at $56,652. . .a week at the Golden Door Spa in California, $6,750, or 45 minutes with an Upper East side shrink for $325. "

To be among the 1% The Socialist Worker estimates you have to make 150,000pounds/$237,000 annual income. To qualify as super rich you need an income of $100 million.

http://www.guardian.co.uk/society/2012/feb/24/why-super-rich-love-uk

Get the point as to how poverty stricken that leaves the rest of us?

8 replies = new reply since forum marked as read
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You Are Super Rich If You Can Afford (Original Post) dynasaw Feb 2012 OP
If you can spend the equivalent of someones yearly income bluerum Feb 2012 #1
Hmm... davidthegnome Feb 2012 #2
I hope that's a part time job! MarkCharles Feb 2012 #7
This message was self-deleted by its author orpupilofnature57 Feb 2012 #3
The corollary if you are super poor dynasaw Feb 2012 #4
True. Most of the 1% are upper middle class. Deep13 Feb 2012 #5
If you can afford to make a $10,000 bet with Rick Perry on a whim... lastlib Feb 2012 #6
I wish we could stop being so literal with the 99%--1% thing elias7 Feb 2012 #8

bluerum

(6,109 posts)
1. If you can spend the equivalent of someones yearly income
Sat Feb 25, 2012, 03:11 PM
Feb 2012

on a discretionary purchase, you are at risk.

davidthegnome

(2,983 posts)
2. Hmm...
Sat Feb 25, 2012, 03:12 PM
Feb 2012

Must be nice to be in that 1%. I make 50 dollars a week washing dishes. Are you super poor if you can't afford gas?

 

MarkCharles

(2,261 posts)
7. I hope that's a part time job!
Sat Feb 25, 2012, 05:03 PM
Feb 2012

Where you work less than 7 hours a week, or do this just to keep your hands in dishwater.

The minimum wage, last I checked, was over $7 and more in some states. 7x7=49

Response to dynasaw (Original post)

dynasaw

(998 posts)
4. The corollary if you are super poor
Sat Feb 25, 2012, 03:21 PM
Feb 2012

You can either afford to buy gas (to make it to your marginal paying job) or eat. Been that route.

Deep13

(39,154 posts)
5. True. Most of the 1% are upper middle class.
Sat Feb 25, 2012, 04:50 PM
Feb 2012

I figure 35% of the country is middle class (management, licensed professionals, master artisans, business owners); 65% is lower or "working class" (hourly employees, laborers, small farmers); and an insignificant number are upper class (owners of major corporations, trusts, large amounts of land, major public officials--professions is usually irrelevant to upper class status).

lastlib

(23,286 posts)
6. If you can afford to make a $10,000 bet with Rick Perry on a whim...
Sat Feb 25, 2012, 04:58 PM
Feb 2012

...you are probably super-rich....

And you probably can't empathize with people making less than thirty thousand bucks a year.....

elias7

(4,026 posts)
8. I wish we could stop being so literal with the 99%--1% thing
Sun Feb 26, 2012, 09:55 AM
Feb 2012

There are rich selfish power brokers primarily captains of industry or the financial world who dictate policy and build fortunes on the misfortunes and hard work of others, and then there are the rest of us.

It's not about income, it's about wealth

When I see people quibble over some imaginary line, it drives me nuts. There's no line. It's an arbitrary number that is catchy so OWS uses it. The real line might be 99.23/0.77. Who knows?

If you make 236k you're a good guy, if you make 238k, you're an asshole? These are not 1% ers. These are upper middle class people who are well off (depending on where they live).

It's really not even an income thing. It's a wealth thing. The Greenwich CT family with a 4 million dollar home and millions stashed away in accounts: the parents and the kids and their kids' kids are "1%ers". Their teenager at Exeter is a one percenter making no income. Their doctor taking care of the kid's lacrosse injury may make 240k but is no 1%er in the real sense of the concept.

sheesh

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