EastCoastNiner Posted October 18, 2010 Report Share Posted October 18, 2010 (edited) You can live comfortably on $250k, but you know damn well that it isn't "rich". Don't even try to put those people in the same sentence as a Bill Gates and Warren Buffet in terms of wealth. So, let's use a real example of a person living in Chicago that makes $250k each year, and you tell me if they are rich. A married couple makes $250 k and pay $100,000 in federal and state taxes. That doesn't include sales and other taxes. Then there's property taxes that come out to $15,000. Then you have $250,000 in student loans. Yes, they went to college and are paying for their education. Then you have insurance, doctors bills, car payments, ect to pay. This family ends up having a few hundred dollars each month to spend what they want. That's not rich. It's time for a reality check. It matters where you live. And, who the hell are you to try and tell someone who makes $250k that they "should be willing" to give more and [expletive] like that? Yes, let's penalize people for being successful. It's not their fault they got an education and have jobs that are not as common as being a McDonalds worker or a janitor. Edited October 18, 2010 by EastCoastNiner 2 Link to comment Share on other sites More sharing options...
JYD Posted October 18, 2010 Author Report Share Posted October 18, 2010 So, just because somebody has worked hard and can afford to pay more in taxes means that they should be required to?Who's to say someone making 75k, or even 40k isn't working hard? A vacation home? Highly unlikely. Maybe if you have 250k left over after taxes you can think about a vacation home.LOL...Someone making 250K can certainly have a vacation home if they care to...Unless they have some crazy situation where they have like 10 kids or something to support. lol. Link to comment Share on other sites More sharing options...
Flash Posted October 18, 2010 Report Share Posted October 18, 2010 Who's to say someone making 75k, or even 40k isn't working hard?No one ever said that. He was just saying that why should you assume the people making 250k aren't working hard? LOL...Someone making 250K can certainly have a vacation home if they care to...Unless they have some crazy situation where they have like 10 kids or something to support. lol. Maybe if you live in a small town or something but I don't think 250k a year in a big city after taxes is getting you a vacation home. Link to comment Share on other sites More sharing options...
Nitro Posted October 18, 2010 Report Share Posted October 18, 2010 I can't believe we are still discussing this. All you need is around a 100K per year salary to live comfortably. Yes, it is not what it once was, and yes, a decent chunk of that will be taxed...but it still enables you and your family to afford food, a nice (not lavish, but nice) shelter, basic necesseties like cars/cell phones, and most importantly you don't have to really worry about massive debts that most "average" Americans (around 40K salary) are currently accumulating. If you are making 250K, you are living verrrrryyyyyy comfortably. You can afford all the basic stuff, and still have PLENTY leftover to blow or save. If they live life the way a 100K'r does, they can bank at least a million dollars in just 10 years or so. That savings alone would take the average American over 20 years to accumulate. Link to comment Share on other sites More sharing options...
Check my Stats Posted October 18, 2010 Report Share Posted October 18, 2010 (edited) 250k isn't rich? lol, ok. Edited October 18, 2010 by travesy3 1 Link to comment Share on other sites More sharing options...
EastCoastNiner Posted October 18, 2010 Report Share Posted October 18, 2010 250k isn't rich? lol, ok. No, it's sure as hell not "rich". Why should someone want to settle for living comfortably when they can live lavishly? No one is saying that people that make minimum wage aren't working hard, but there's a reason they aren't making millions of dollars and that's because those jobs in general can be done by the average person. The average person can't be a CEO. Link to comment Share on other sites More sharing options...
Flash Posted October 18, 2010 Report Share Posted October 18, 2010 Why should someone want to settle for living comfortably when they can live lavishly? Because its the mind set that has been instilled in our country recently and its not a good one to have. Link to comment Share on other sites More sharing options...
Lkr Posted October 18, 2010 Report Share Posted October 18, 2010 if you tax the low income citizens, the higher income citizens will have a lower income, because those with low income will have even less income to spend. Link to comment Share on other sites More sharing options...
Check my Stats Posted October 18, 2010 Report Share Posted October 18, 2010 No, it's sure as hell not "rich". Why should someone want to settle for living comfortably when they can live lavishly? No one is saying that people that make minimum wage aren't working hard, but there's a reason they aren't making millions of dollars and that's because those jobs in general can be done by the average person. The average person can't be a CEO. If you are making 250k annually, then money is not a concern for you. if it is, you need to consider a lifestyle change. Link to comment Share on other sites More sharing options...
Nitro Posted October 18, 2010 Report Share Posted October 18, 2010 Why should someone want to settle for living comfortably when they can live lavishly? No one is saying that people that make minimum wage aren't working hard, but there's a reason they aren't making millions of dollars and that's because those jobs in general can be done by the average person. The average person can't be a CEO. Show me a single person who doesn't want to be rich. Please. And yes, the average person can't be a CEO because CEO's have extensive EDUCATION. Many of them came from families who could afford to put them through expensive universities, and most of them weren't in a situation where they had to go out into the real world right after high school to support their families and/or themselves. There are certainly exceptions....not everyone who didn't receive a college education deserved to be in college, and not every person who became a CEO came from extremely wealthy families. Link to comment Share on other sites More sharing options...
JYD Posted October 18, 2010 Author Report Share Posted October 18, 2010 Because its the mind set that has been instilled in our country recently and its not a good one to have.lmfao...yeah because everybody wants to just live the average life. [expletive] havin money brah! Link to comment Share on other sites More sharing options...
EastCoastNiner Posted October 18, 2010 Report Share Posted October 18, 2010 Show me a single person who doesn't want to be rich. Please. And yes, the average person can't be a CEO because CEO's have extensive EDUCATION. Many of them came from families who could afford to put them through expensive universities, and most of them weren't in a situation where they had to go out into the real world right after high school to support their families and/or themselves. There are certainly exceptions....not everyone who didn't receive a college education deserved to be in college, and not every person who became a CEO came from extremely wealthy families. That's funny because MOST billion dollar CEO's that started their own company either didn't graduate college or go to college at all. You can go to college if you're poor. That's why many people who are supposedly "rich" have a [expletive] load of student loans. Don't quote me on the first comment yet, but it's something where most billionaire CEO's didn't go to college or graduate. I would have to find some sources though. I know I've seen it many times though. And, this isn't directed to you in particular, but who the hell are you guys to say how much someone should be able to live off of? Most people probably don't want to live just comfortably, but instead want to live a life of luxury, and I don't see how you can call that "greedy". The only way some of you will get a reality check is when the major companies in our country that are supporting many of your parent's asses get the hell out of our country and you guys can't find a job. That will be a great reality check for you. Blame the rich who give most people in this country a damn job. 1 Link to comment Share on other sites More sharing options...
fish7718 Posted October 18, 2010 Report Share Posted October 18, 2010 That's funny because MOST billion dollar CEO's that started their own company either didn't graduate college or go to college at all. You can go to college if you're poor. That's why many people who are supposedly "rich" have a [expletive] load of student loans. Don't quote me on the first comment yet, but it's something where most billionaire CEO's didn't go to college or graduate. I would have to find some sources though. I know I've seen it many times though. And, this isn't directed to you in particular, but who the hell are you guys to say how much someone should be able to live off of? Most people probably don't want to live just comfortably, but instead want to live a life of luxury, and I don't see how you can call that "greedy". The only way some of you will get a reality check is when the major companies in our country that are supporting many of your parent's asses get the hell out of our country and you guys can't find a job. That will be a great reality check for you. Blame the rich who give most people in this country a damn job.That's exactly what the [expletive]ing term "greedy" is moron. Greed is an excessive desire to possess wealth or goods You sound like a kid who was born with a silver spoon shoved directly up your republican [expletive]. Who spews ignorance and talks about [expletive]' which you will never know because you have your trust fund and mommies and daddies money to buy everything for you. So you hide behind your money and talk about [expletive] like you know what the [expletive] your talking about, meanwhile I guarantee you will never know value of a dollar, let alone what it's actually like to live in a 'real world'. So continue to talk like you know [expletive], it's comical to me. No one blames rich people for anything, but is it to much to ask for them to give back to the country that gave them the opportunity in the first place. Instead of buying a third yacht or a mansion for their daughters sweet 16. Until you've actually experience the real [expletive]ing world don't you dare talk to [expletive] to anyone that lives it everyday of their life. And yes 250K is a [expletive]load of money, stupid [expletive]. Link to comment Share on other sites More sharing options...
GamerGuy Posted October 18, 2010 Report Share Posted October 18, 2010 250k a year isn't rich? Haha, ok. That's a six figure salary, guys. That's what doctors, lawyers, engineers typically make. I sure as hell hope that you could live comfortably off of 250k a year. My dad makes (last time I checked) around 70k a year. He's able to provide for a family of five people, all the while paying the bills each month. Some months it's not easy for him because of large medical bills, but my parents manage it. I'd say for our situation we live a "comfortable" lifestyle. 250k a year? Do you guys realize how much money that actually is? Even with a family and quite a few expenses to pay for, that's more than an enough money to live "comfortably" with. Link to comment Share on other sites More sharing options...
Poe Posted October 18, 2010 Report Share Posted October 18, 2010 250k a year is rich? Haha, ok. Link to comment Share on other sites More sharing options...
Check my Stats Posted October 18, 2010 Report Share Posted October 18, 2010 http://img221.imageshack.us/img221/4670/nooooo.gif Link to comment Share on other sites More sharing options...
NomarFachix Posted October 18, 2010 Report Share Posted October 18, 2010 Anyone here who thinks $250k isn't living the good life... You're wildly delusional. Link to comment Share on other sites More sharing options...
Poe Posted October 18, 2010 Report Share Posted October 18, 2010 I guess some people have low standards. Making just enough to "live comfortably" doesn't count to me as "rich". Link to comment Share on other sites More sharing options...
Check my Stats Posted October 18, 2010 Report Share Posted October 18, 2010 The term rich is pretty subjective, but to me, being financially comfortable, money not being an issue in your life, qualifies as rich. Link to comment Share on other sites More sharing options...
EastCoastNiner Posted October 18, 2010 Report Share Posted October 18, 2010 250k a year isn't rich? Haha, ok. That's a six figure salary, guys. That's what doctors, lawyers, engineers typically make. I sure as hell hope that you could live comfortably off of 250k a year. My dad makes (last time I checked) around 70k a year. He's able to provide for a family of five people, all the while paying the bills each month. Some months it's not easy for him because of large medical bills, but my parents manage it. I'd say for our situation we live a "comfortable" lifestyle. 250k a year? Do you guys realize how much money that actually is? Even with a family and quite a few expenses to pay for, that's more than an enough money to live "comfortably" with. And, where you live plays a major role in that. Go live in the suburbs of Chicago, San Fransisco, or other nice cities and see how far it gets you. Living comfortably doesn't mean you're rich, and making $250k is no where near being rich. Link to comment Share on other sites More sharing options...
Lkr Posted October 18, 2010 Report Share Posted October 18, 2010 I guess some people have low standards. Making just enough to "live comfortably" doesn't count to me as "rich".130k is quite a lot, so what is 250k? Link to comment Share on other sites More sharing options...
Owner Real Deal Posted October 18, 2010 Owner Report Share Posted October 18, 2010 My father makes $56k a year (consider where we live, cost of living is cheaper). I personally know someone who makes $275k a year, and he lives in Oklahoma City, OK. It's my dad who, to this day, makes enough just to get by. No vacation money. Jonathan (in OKC) just went to Spain in June, for seven days, and that was after his wedding in March, his honeymoon in Maui (I think, not 100% sure that's where he went), and he's got a vacation home in Florida. A person making $250k a year can rack up a million dollars in ten years. By the age of 32, for some. That makes them a millionaire. That makes them rich. $250k isn't rich as in Gates and Trump, but it's extremely wealthy. It's a very, very comfortable wealthy. No one is saying that people that make minimum wage aren't working hard, but there's a reason they aren't making millions of dollars and that's because those jobs in general can be done by the average person. The average person can't be a CEO.The average person can't drag 150+ pounds of wire around for hours a day, either, and most CEO's wouldn't be able to do that. Gates wouldn't be able to work in an oil field. In your eyes, the average person isn't a CEO, and that's why you think $250k isn't rich. That's unfortunate for you. I'm done commenting in here because I'm sick of reading ignorance, so I'll leave you with something to chew on... "The rich would have to eat money if the poor did not provide food." - Russian Proverb Bill Gates doesn't have anything if electricians didn't provide electricity to turn on his PC. CEO's know how to run a company. Yeah, they work their brains hard. There are MANY, MANY other people that work ten times harder, doing work that most CEO's could never touch, yet they make $10-20 an hour and live paycheck-to-paycheck. Guess who doesn't have a company without those workers? It's too bad the pay isn't reversed, and those who sweat and bleed to make those CEO's rich get the money they deserve. Link to comment Share on other sites More sharing options...
EastCoastNiner Posted October 18, 2010 Report Share Posted October 18, 2010 Seriously, are you really that dense? There's a reason companies have one CEO versus thousands of workers. It's much harder to find someone that can run a company than it is to find labor workers. Seriously, you're reaching for something that isn't there. Link to comment Share on other sites More sharing options...
Owner Real Deal Posted October 19, 2010 Owner Report Share Posted October 19, 2010 Seriously, are you really that dense? There's a reason companies have one CEO versus thousands of workers. It's much harder to find someone that can run a company than it is to find labor workers. Seriously, you're reaching for something that isn't there.Sadly, it flew completely over your head, just like I figured it would. Do you personally know a CEO? Just wondering. Go to Google and find Spears Manufacturing. Largest plastic fitting industry in the world. The CEO is Wayne Spears, who lives in Agua Dulce, California. I've met and talked to him and his wife, Connie, plenty of times, when they come to Kansas to visit the main plant (where my dad works). He flies his own jet to Tulsa. You know what he does? He travels, all the time, and watches his auto racing team. That's about it. Right from the horse's mouth. Jokingly, he has told me he would hire me to manage his main offices in California, and to log production numbers and profits. Nice life. Labor workers do their own work to make themselves money. CEO's hire people to make them money. A handful of CEO's are fortunate enough to inherit their company. Others run up the ladder quickly and become rich using education, while those labor workers (who aren't a dime a dozen if you're looking for good ones, by the way...something you obviously don't know), work until they die. You're clueless, dude. You can't relate to any of this, because you don't work in an awful, 120 degree factory that wears you down every day, and you don't know a CEO that basically tells you how easy it gets. It's too bad, really, because someday, reality is going to knock you on your ass. 1 Link to comment Share on other sites More sharing options...
La Bomba Posted October 19, 2010 Report Share Posted October 19, 2010 There's a statistic that 50% of all American millionaires inherit a large portion of their money. Fred Smith (FedEX founder) is often talked about here in Memphis as the product of the American dream. His father was not in the same category of his son in terms of wealth, but he wasn't struggling to put food on the table. Smith still went to the most expensive schhol in Memphis for elementary through high school (nearly 20,000 a year) and inherited a large portion of that wealth when he went on to create FedEx. I give Smith create because he has created a lot of jobs in my hometown (in some horrible working conditions, but still), but he didn't earn every cent of his wealth through his hard work alone. Link to comment Share on other sites More sharing options...
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