Quote:
Originally Posted by Lumpr
I thought the percentage of households in the U.S. with income over 100K was in the high teens/low twenties.
It probably is now. You peel off the very top as the "rich" or whatever typically. Maybe 1-2%. The charts on the wiki page list ~15-17% (cursory look) in 2005. Its probably higher.
Shoe is citing people because he wants to be ****ing ridiculous and make normal people seem like greedy consumerist ****s by wanting their children to afford professional school and/or nice things.
His views are patently absurd and supported by nothing. Even the most ****ing ******ed ridiculous math he spews doesn't support his conclusions. He basically has created a fictional framework that he spews at every moment (IE Renting is bad, home ownership is good, mortgage is bad. Even though in almost all his mathematical examples renting in perpetuity is the easy choice, he falls back on utility as the reason you spew 10%+ of you income each year to buy a home.)
I find it amazingly asinine and super miser projection.
ETA: Amazing how some random conjecture based on pretty reasonable estimates can match reality. A+.