Rich (Now with the Upper Middle Class) - Page 61 - Politics and Economics

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Rich (Now with the Upper Middle Class)

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07-11-2014 , 12:30 PM

#1501

Huehuecoyotl

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 29,257

Well there is rich and there is affluent.
Falcon's guide is the best so far though.

07-11-2014 , 12:30 PM

#1502

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

sigh

07-11-2014 , 12:31 PM

#1503

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,478

Quote:

Originally Posted by [Phill]

Sooo someone making 2 million a year isn't rich? Lol.

They are well to do, not rich

07-11-2014 , 12:37 PM

#1504

Ineedaride2

Politics Court Jester

Join Date: Oct 2005 Posts: 25,080

Where does "wealthy" kick in?

07-11-2014 , 12:47 PM

#1505

schu_22

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 38,519

fascinating to get a glimpse inside the worldview of others

07-11-2014 , 12:50 PM

#1506

spanktehbadwookie

Carpal \'Tunnel

Join Date: Apr 2009 Posts: 19,374

There are the people who can eat money and there are the people who have no money to eat, with all the various degrees in between.

07-11-2014 , 12:50 PM

#1507

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,478

That isn't standard rich guy stuff in you guys view? Like is rich drives a German car and plays golf once a week?

07-11-2014 , 12:53 PM

#1508

Trolly McTrollson

Carpal \'Tunnel

Join Date: Oct 2010 Posts: 36,867

My boss golfs and drives a German car, but he makes poverty wages of less than 2 mil.

07-11-2014 , 01:06 PM

#1509

Huehuecoyotl

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 29,257

Quote:

Originally Posted by Ineedaride2

Where does "wealthy" kick in?

Obligatory Chris Rock: Shaq is rich, the person who signs his checks is wealthy.

"Here Shaq buy yourself a bouncing car! "

07-11-2014 , 01:44 PM

#1510

Namath12

Carpal \'Tunnel

Join Date: Jan 2011 Posts: 55,849

Quote:

Originally Posted by Ineedaride2

Where does "wealthy" kick in?

When you can forego payment of your water bill in Detroit without threat of it being shut off

07-11-2014 , 01:57 PM

#1511

Huehuecoyotl

Carpal \'Tunnel

Join Date: Sep 2009 Posts: 29,257

Nah dude just filter the water from the lake your house is abutting

07-11-2014 , 02:06 PM

#1512

Low Key

Carpal \'Tunnel

Join Date: Jan 2007 Posts: 33,327

i tend to look at wealthy by how my relatives live: when you can buy several properties for your child to manage because his job isn't panning out so well for him, you might be wealthy

07-11-2014 , 02:16 PM

#1513

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by schu_22

I certainly wish we brought in 120k so that I could bump up to middle class. Guess I'll just have to remain somewhere here in the 50-something percentile like the rest of the poors. Living in suburban areas and driving honda civics. Idk how I'm going to break this vicious cycle. Guess I need to find a meter-reading job.

Nobody said that you need 120k to get into the middle class. Most middle class people make less.

07-11-2014 , 02:21 PM

#1514

ikestoys

banned

Join Date: Nov 2006 Posts: 94,424

Most of middle class below 120k, 120k not upper middle class

Smh

07-11-2014 , 02:27 PM

#1515

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,984

The only non-completely arbitrary way to do this is to establish percentiles within a given region.

Poor: 0-20th percentile
Lower middle class: 20th-40th
Middle class: 40th-60th
Upper middle class: 60th-80th
Upper class: 80th-100th

99-100th = various levels of rich

So if I'm in the 85th percentile for Manhattan, I'm upper class. Subjective ideas about what kind of lifestyle = upper class are silly.

07-11-2014 , 02:27 PM

#1516

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by bobman0330

While Max's views are obviously ludicrous for anyone who isn't a character in a Jane Austen novel (UMC = sufficient dynastic wealth for your children to be members of the rentier aristocracy), it's a helpful reminder that all discussion of class is basically an organizing framework for snobbishness. UMC is your kind of people, the truly wealthy are your social betters, and the merely middle class are your inferiors. It's totally relative and Max is very rich, so of course his idea of UMC is utterly distorted. (People who aren't rich use the simple three-class framework of lower, middle, and upper to direct their snobbery.)

Its the opposite. My parents are very middle class and their salaries combined were prob close to the 120k inflation adjusted. Nobody has ever called them upper middle class and they certainly don't think of themselves as that. My wifes family is upper middle class and the distinctions are fairly obvious. I just think stuff like paying for college and being worried about retirement are not issues for the upper middle class.

07-11-2014 , 02:29 PM

#1517

ikestoys

banned

Join Date: Nov 2006 Posts: 94,424

Well you're wrong and super sheltered.

07-11-2014 , 02:34 PM

#1518

schu_22

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 38,519

Quote:

Originally Posted by ikestoys

Most of middle class below 120k, 120k not upper middle class

Smh

Yeah dawg I know. I don't get the thought process either.

07-11-2014 , 02:41 PM

#1519

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by ikestoys

Most of middle class below 120k, 120k not upper middle class

Smh

Quote:

Originally Posted by schu_22

Yeah dawg I know. I don't get the thought process either.

Lol wat? This is a mathematical fact regardless of where you put the cutoff. If middle class is between 30k-60k. A person making 55k makes more than most middle class people and is not upper middle class.

07-11-2014 , 02:45 PM

#1520

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by 2/325Falcon

Maybe we need the butler scale:

Work as a butler: Lol microstakes.
No butler: Middle class.
Have a butler: You're rich, beeeeeeeyatch!
Can't even get a job as a butler: Here's your Obamaphone get back in the food desert you poors.

Any butler worth hiring has his own butler.

And I obv wasn't talking about butlers. I don't think I know anybody who has or ever had a butler and I would be very inclined to call somebody that does rich based on that alone. But live in nannies for UMC couples that both work and may have a combined income just <200k is not outrageous if the child has special needs or until he/she can go to school for most of the day. They might decide not to get one but it is in the realm of possibilities.

Last edited by dessin d'enfant; 07-11-2014 at 02:55 PM.

07-11-2014 , 03:08 PM

#1521

ikestoys

banned

Join Date: Nov 2006 Posts: 94,424

Quote:

Originally Posted by dessin d'enfant

Look at this schu, this guy fake went to princeton

07-11-2014 , 03:14 PM

#1522

RowCoach

banned

Join Date: Jun 2014 Posts: 1,751

Quote:

Originally Posted by dessin d'enfant

Sorry to shatter your worldview, but your family was upper middle class.

07-11-2014 , 03:16 PM

#1523

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by ikestoys

Look at this schu, this guy fake went to princeton

Upper middle class is not a subset of the middle class. See how they group here for example

http://www.theatlantic.com/politics/...-class/278240/

07-11-2014 , 03:17 PM

#1524

schu_22

Carpal \'Tunnel

Join Date: Jan 2012 Posts: 38,519

Quote:

Originally Posted by dessin d'enfant

Upper middle class is not a subset of the middle class. See how they group here for example

http://www.theatlantic.com/politics/...-class/278240/

the irony of you posting this article is astonishing

07-11-2014 , 03:19 PM

#1525

ikestoys

banned

Join Date: Nov 2006 Posts: 94,424

Quote:

Originally Posted by schu_22

the irony of you posting this article is astonishing

That fake princeton education has really paid off, because he doesn't see how this directly affects his argument

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