|
Printer-friendly format Email this thread to a friend Bookmark this thread |
This topic is archived. |
Home » Discuss » General Discussion |
Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:37 PM Original message |
In terms of assets, what do you consider to be "wealthy"? |
Printer Friendly | Permalink | | Top |
Faygo Kid (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:39 PM Response to Original message |
1. Being worth $500,000 without debt. |
Printer Friendly | Permalink | | Top |
FreeJoe (331 posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:00 PM Response to Reply #1 |
15. That seems low |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:42 PM Response to Reply #15 |
33. Right now, interest rates on savings are about 1.1 to 1.3% |
Printer Friendly | Permalink | | Top |
REP (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:49 PM Response to Reply #33 |
36. And if your assets were all cash, which is a terrible idea |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:11 PM Response to Reply #36 |
41. Raise capital gains taxes by a bit and you don't need tow |
Printer Friendly | Permalink | | Top |
Name removed (0 posts) Send PM | Profile | Ignore | Sat Jul-16-11 11:52 AM Response to Reply #15 |
55. Deleted message |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:00 PM Response to Reply #1 |
16. That is being in good financial shape, but is not wealthy. nt |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:41 PM Response to Reply #1 |
32. What if half that money is in the person's home and the person |
Printer Friendly | Permalink | | Top |
hobbit709 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:40 PM Response to Original message |
2. If you can't spend it fast enough to go broke |
Printer Friendly | Permalink | | Top |
GOPBasher (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:43 PM Response to Original message |
3. It's hard to say, because it depends on where you live, but |
Printer Friendly | Permalink | | Top |
IphengeniaBlumgarten (14 posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:50 PM Response to Reply #3 |
10. I would call that comfortable |
Printer Friendly | Permalink | | Top |
Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:27 PM Response to Reply #10 |
31. I like your definitions +1. |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:48 PM Response to Reply #10 |
35. If you have total assets of $500,000 including $200,000 as the sale |
Printer Friendly | Permalink | | Top |
elleng (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:44 PM Response to Original message |
4. Good question, 'cause I suspect many here would put my family in that category, |
Printer Friendly | Permalink | | Top |
Name removed (0 posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:48 PM Response to Reply #4 |
9. Deleted message |
fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:09 PM Response to Reply #4 |
17. I Would Put you in Upper-Middleclass |
Printer Friendly | Permalink | | Top |
elleng (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:15 PM Response to Reply #17 |
19. I understand that, and I think many do. |
Printer Friendly | Permalink | | Top |
fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:17 PM Response to Reply #19 |
21. cool |
Printer Friendly | Permalink | | Top |
Wait Wut (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:20 PM Response to Reply #17 |
25. Exactly. |
Printer Friendly | Permalink | | Top |
fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:25 PM Response to Reply #25 |
29. yeah, those with money trying to help us in the lower brackets |
Printer Friendly | Permalink | | Top |
Wait Wut (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:15 PM Response to Reply #4 |
20. Sounds like my family. |
Printer Friendly | Permalink | | Top |
elleng (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:53 PM Response to Reply #20 |
37. No millionaires here, I think, nor gamblers. Worked for a living |
Printer Friendly | Permalink | | Top |
Wait Wut (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:59 PM Response to Reply #37 |
39. I don't understand gambling. |
Printer Friendly | Permalink | | Top |
elleng (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:18 PM Response to Reply #39 |
44. I think of stock market as different from 'gambling,' |
Printer Friendly | Permalink | | Top |
Wait Wut (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:12 AM Response to Reply #44 |
47. Agreed. |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:31 AM Response to Reply #44 |
50. I have done well with my investments. But several years back I began |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:02 PM Response to Reply #4 |
40. Assets indicate your total worth. |
Printer Friendly | Permalink | | Top |
JoePhilly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:45 PM Response to Original message |
5. I think the key point is that INCOME is not WEALTH |
Printer Friendly | Permalink | | Top |
seabeyond (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:48 PM Response to Reply #5 |
8. exactly. i didnt catch the income part. i assumed we were talking about someone who DOESN'T |
Printer Friendly | Permalink | | Top |
JoePhilly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:52 PM Response to Reply #8 |
11. Right ... this is why the GOP wants no tax on dividends or on estates. |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:14 PM Response to Reply #11 |
43. The lack of taxes on the very large estates is just shameful. |
Printer Friendly | Permalink | | Top |
Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:19 PM Response to Reply #5 |
24. A secured stream of income is a financial asset |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:14 PM Response to Reply #5 |
42. That is why we need the inheritance tax. |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:45 PM Response to Original message |
6. Having an income of $500,000 or more per year. With assets worth |
Printer Friendly | Permalink | | Top |
Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:22 PM Response to Reply #6 |
27. How are you going to get income of 500K a year |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:17 AM Response to Reply #27 |
48. A person that makes $500,000 per year with $500,000 or more in assets |
Printer Friendly | Permalink | | Top |
seabeyond (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:46 PM Response to Original message |
7. wealthy would have to be at 5-10 million or beyond. where you can live freely |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:59 PM Response to Reply #7 |
14. What happened to living off the land? I honestly am surprised by your |
Printer Friendly | Permalink | | Top |
seabeyond (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:23 PM Response to Reply #14 |
28. the question was... what is wealth today. |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:25 AM Response to Reply #28 |
49. You "desire" a living standard. If you can't pay for that standard, tough. |
Printer Friendly | Permalink | | Top |
seabeyond (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:50 PM Response to Reply #49 |
57. i agree with everything you say. but then when you are living with someone else |
Printer Friendly | Permalink | | Top |
seabeyond (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 11:13 PM Response to Reply #49 |
62. self deleted |
Printer Friendly | Permalink | | Top |
indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:47 PM Response to Reply #14 |
60. To live off the land you have to own some land to live off. And have enough cash income to pay the |
Printer Friendly | Permalink | | Top |
SoCalDem (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:53 PM Response to Original message |
12. It's a "squishy" term |
Printer Friendly | Permalink | | Top |
Cleita (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 05:55 PM Response to Original message |
13. Considering I worked with and for some of the richest |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:33 AM Response to Reply #13 |
51. I agree with you. nt |
Printer Friendly | Permalink | | Top |
yurbud (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:10 PM Response to Original message |
18. if you have enough money to not work the rest of your life, live high on the hog, and leave enough |
Printer Friendly | Permalink | | Top |
Yo_Mama (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:17 PM Response to Original message |
22. It depends |
Printer Friendly | Permalink | | Top |
fascisthunter (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:19 PM Response to Original message |
23. Multi-Millionaires... $50-100 Mil |
Printer Friendly | Permalink | | Top |
kenny blankenship (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:22 PM Response to Original message |
26. At least $ 2 million in liquid assets |
Printer Friendly | Permalink | | Top |
taught_me_patience (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:21 PM Response to Reply #26 |
45. Nice post, I agree with this. n/t |
Printer Friendly | Permalink | | Top |
JDPriestly (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:25 PM Response to Original message |
30. Assets are not the measure of wealth. |
Printer Friendly | Permalink | | Top |
Creideiki (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:48 PM Response to Reply #30 |
61. Estate taxes are critical. |
Printer Friendly | Permalink | | Top |
WinkyDink (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:44 PM Response to Original message |
34. More than 2 million saved is very comfy. But wealthy enough to bribe? At least $10m. |
Printer Friendly | Permalink | | Top |
Spider Jerusalem (1000+ posts) Send PM | Profile | Ignore | Fri Jul-15-11 06:55 PM Response to Original message |
38. Wealthy? Possessed of enough assets to live off the interest. |
Printer Friendly | Permalink | | Top |
Philippine expat (412 posts) Send PM | Profile | Ignore | Fri Jul-15-11 07:59 PM Response to Original message |
46. Need 3 things to be wealthy |
Printer Friendly | Permalink | | Top |
rucky (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:35 AM Response to Original message |
52. I don't think it's as much measured by a dollar value |
Printer Friendly | Permalink | | Top |
bluestate10 (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:42 AM Response to Original message |
53. Wealthy and not wealthy depends on a set of choices that a person makes. |
Printer Friendly | Permalink | | Top |
Synicus Maximus (828 posts) Send PM | Profile | Ignore | Sat Jul-16-11 10:50 AM Response to Original message |
54. Nothing below $10 million. |
Printer Friendly | Permalink | | Top |
Blasphemer (1000+ posts) Send PM | Profile | Ignore | Sat Jul-16-11 12:00 PM Response to Original message |
56. I'd say 5 million |
Printer Friendly | Permalink | | Top |
Dawson Leery (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:42 PM Response to Original message |
58. kick |
Printer Friendly | Permalink | | Top |
indurancevile (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 10:44 PM Response to Original message |
59. I consider the top 1% wealthy, & the top .1% super-wealthy, the people who actually own |
Printer Friendly | Permalink | | Top |
TheKentuckian (1000+ posts) Send PM | Profile | Ignore | Sun Jul-17-11 11:16 PM Response to Original message |
63. Rich=5 million, wealthy=50 million |
Printer Friendly | Permalink | | Top |
DU AdBot (1000+ posts) | Wed May 15th 2024, 08:30 AM Response to Original message |
Advertisements [?] |
Top |
Home » Discuss » General Discussion |
Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators
Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.
Home | Discussion Forums | Journals | Store | Donate
About DU | Contact Us | Privacy Policy
Got a message for Democratic Underground? Click here to send us a message.
© 2001 - 2011 Democratic Underground, LLC