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HiPointDem

(20,729 posts)

3. +1

Reply to rabid_byter (Reply #2)

Wed Feb 27, 2013, 09:56 PM

Feb 2013

The so-called middle class actually = the top 20% - 1%.

1% = the beginning of hailing distance of the rulers of the universe in the top .01%.

The top 19% serves them. Like courtiers in the time of Louis XVI.

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Deep reflection time: what's "rich"? [View all] jmowreader Feb 2013 OP

Certainly the top 1% of the wealth distribution is rich. And wealthy. limpyhobbler Feb 2013 #1

I wonder how many of those are paper rich jmowreader Feb 2013 #4

the richest 20% hold 95.4% of the Financial wealth in the USA, poorest 80% have 4.6% rabid_byter Feb 2013 #2

+1 HiPointDem Feb 2013 #3

Anyone who has significantly higher income or accumulated wealth than you do is rich slackmaster Feb 2013 #5

Chris Rock has a point of view on this. NSFW but very funny CincyDem Feb 2013 #6

Shaq is rich, but the white man who signs his checks is wealthy NightWatcher Feb 2013 #7

It's relative. Relative to where and how you live. geckosfeet Feb 2013 #8

Maybe not $10 jmowreader Feb 2013 #9

I am inclined to use net worth as a measure as well. geckosfeet Feb 2013 #11

I think "your lifestyle wouldn't be diminished if you stopped working" is a bogus measure muriel_volestrangler Feb 2013 #10

+1 nt laundry_queen Feb 2013 #14

Pretty much everyone I saw at the Oscars. Zax2me Feb 2013 #12

Rich laundry_queen Feb 2013 #13