earning $250,000 makes you "good old middle class"

[richard_daily]

I already see the set-up coming...

I'm not complaining, but the reality is Obama may call me wealthy, but I thought we were just good old middle class," says Ms. Parnell. "Our needs are being met, but we don't have a load of cash to cover wants.

First off.. yes she is complaining... Secondly, she's out of touch, and thirdly, she the type of person I can't stand; someone who feels they're entitled.

I live within my means... so do millions of others... why should a family making $250k a year take-home be allowed to live under a different set of rules than I do?

If you're making 250k a year and you're feeling money problems, you need to re-evaluate what you're spending your money on, and start raining in the over-spending... Otherwise, you get absolutely no sympathy.

Everyone knows that the rich are far better at diffusing their income anyways, so anyone taking home $250k is probably making a lot more than that... but even if not... deal with it.

The article brings up rising health care costs, education costs, and the lack of wages increasing, as if that's a justification for the content of the article... Those things effect those making less than $250k a year A LOT more...

http://online.wsj.com/article/SB123983744241222865.html

 

[HoHoBomb]

$50,000 = sending 1 kid to college for 1 year

 

[bronzeage]

$50,000 = sending 1 kid to college for 1 year

Fortunately for my parents, I could never get into schools that cost that much.

 

[Medikated]

I don't think it is your business what other Americans earn and it's not your place to judge what is enough for others to earn. Just because you eat Mac and Cheese for dinner, doesn’t mean others have to. I refuse to shop at Target....or Wallmart with the rest of the third world...

 

[richard_daily]

$50,000 = sending 1 kid to college for 1 year

Really? Every school costs $50k per year? Is that what your parents paid?

If so, you were lucky to have parents that could afford it.

 

[richard_daily]

I don't think it is your business what other Americans earn and it's not your place to judge what is enough for others to earn. Just because you eat Mac and Cheese for dinner, doesn’t mean others have to. I refuse to shop at Target....or Wallmart with the rest of the third world...

So will you take that same position the next time individual welfare comes up?

 

[HoHoBomb]

Fortunately for my parents, I could never get into schools that cost that much.

Tulane

 

[rosco rathbone]

Read a good theory about this. ABove a certain level of income, you are no longer purchasing material goods which directly affect your quality of life. You are instead competeing for "postitional goods" which, by their very nature are always in short supply---such as expensive real estate. It's a competitive arms race with continually diminishing results.

To expect the well-to-do to be happy with the basic needs simply makes no sense. Humans are status-seeking animals.

 

[HoHoBomb]

Really? Every school costs $50k per year? Is that what your parents paid?

If so, you were lucky to have parents that could afford it.

Being able to provide an education for your children shouldn't be about luck.

 

[richard_daily]

Read a good theory about this. ABove a certain level of income, you are no longer purchasing material goods which directly affect your quality of life. You are instead competeing for "postitional goods" which, by their very nature are always in short supply---such as expensive real estate. It's a competitive arms race with continually diminishing results.

To expect the well-to-do to be happy with the basic needs simply makes no sense. Humans are status-seeking animals.

So you're inferring that we can't use logic to counter the base-primal need of showing off for others?

If that's the case, then I have a whole slew of things I can throw at this argument.

 

[richard_daily]

Being able to provide an education for your children shouldn't be about luck.

You're missing my point entirely.

But actually, I'm glad you are...

You're right.. it shouldn't be based on luck. but being born into a privileged family IS luck. You could just as easily have been born into a family struggling by on 15k a year. Do they deserve to be able to send their kids to college? And if so, how will they afford your price-tag of 50 thousand a year?

 

[where]

Being able to provide an education for your children shouldn't be about luck.

no it shouldn't. It shouldn't be about privilege either.

 

[HoHoBomb]

Years ago, if you wanted to join a decent hedgefund you had to be worth minimum
10 million net if single.

 

[rosco rathbone]

So you're inferring that we can't use logic to counter the base-primal need of showing off for others?

If that's the case, then I have a whole slew of things I can throw at this argument.

The only way to counter that base primal need is via progressive legislation.

 

[MechaBlade]

Read a good theory about this. ABove a certain level of income, you are no longer purchasing material goods which directly affect your quality of life. You are instead competeing for "postitional goods" which, by their very nature are always in short supply---such as expensive real estate. It's a competitive arms race with continually diminishing results.

To expect the well-to-do to be happy with the basic needs simply makes no sense. Humans are status-seeking animals.

True.

 

[HoHoBomb]

You're missing my point entirely.

But actually, I'm glad you are...

You're right.. it shouldn't be based on luck. but being born into a privileged family IS luck. You could just as easily have been born into a family struggling by on 15k a year. Do they deserve to be able to send their kids to college? And if so, how will they afford your price-tag of 50 thousand a year?

how much does your school cost?

 

[richard_daily]

how much does your school cost?

I was a high school drop out. So nothing.

 

[HoHoBomb]

no it shouldn't. It shouldn't be about privilege either.

Student Budget
The estimated budget for a Juilliard student for the nine-month academic year 2009-10 is calculated as follows:

Tuition $30,500
Room and Board (residence hall and meal plan)
Double Room 11,810
Single Room 14,740
Subtotals
Double Room 42,310
Single Room 45,240
Books, Supplies, Personal Expenses 4,100
Totals
Double Room $46,410
Single Room $49,340

 

[richard_daily]

The only way to counter that base primal need is via progressive legislation.

I wasn't going to infer anything about legislation in any way, shape, or form....

But if primal desires overpower logic, then there's nothing to differentiate us from primates...

 

[where]

I was a high school drop out. So nothing.

you were a bad boy?

 

[richard_daily]

You're missing my point entirely.

But actually, I'm glad you are...

You're right.. it shouldn't be based on luck. but being born into a privileged family IS luck. You could just as easily have been born into a family struggling by on 15k a year. Do they deserve to be able to send their kids to college? And if so, how will they afford your price-tag of 50 thousand a year?

Care to answer the rest of this KG?

 

[richard_daily]

you were a bad boy?

Are you surprised?

 

[richard_daily]

Student Budget
The estimated budget for a Juilliard student for the nine-month academic year 2009-10 is calculated as follows:

Tuition $30,500
Room and Board (residence hall and meal plan)
Double Room 11,810
Single Room 14,740
Subtotals
Double Room 42,310
Single Room 45,240
Books, Supplies, Personal Expenses 4,100
Totals
Double Room $46,410
Single Room $49,340

and your point is?

 

[rosco rathbone]

I wasn't going to infer anything about legislation in any way, shape, or form....

But if primal desires overpower logic, then there's nothing to differentiate us from primates...

I think primal desires overpower logic all the time. That's why the libertarian free-market utopia would actually look like a Hobbesian state of nature.

 

[where]

Student Budget
The estimated budget for a Juilliard student for the nine-month academic year 2009-10 is calculated as follows:

Tuition $30,500
Room and Board (residence hall and meal plan)
Double Room 11,810
Single Room 14,740
Subtotals
Double Room 42,310
Single Room 45,240
Books, Supplies, Personal Expenses 4,100
Totals
Double Room $46,410
Single Room $49,340

so, what you are saying is only rich people's children should go to college? Also, Juilliard is one of the best performing arts colleges in the world. I'm sure it isn't the only one