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In reply to the discussion: Chris Rock: "If poor people knew how rich the rich people are, there would be riots in the streets" [View all]nichomachus
(12,754 posts)I used to teach in a state college. Students were from blue-collar backgrounds. We would get on the subject of wealth and inequality. My question to them was "How much would someone have to make to be considered rich?" The answer was always in the neighborhood of $150,000 to $250,000 a year -- with an occasional reach to $500,000.
It was my sad duty to inform them that the truly rich could spend $150,000 on a weekend of golf. They had no concept of someone buying a third vacation home for $11 million -- and paying cash. (CEO of Starbucks). They couldn't imagine someone with a 250-acre vacation home estate with an 18-hole golf course, helipad, and a permanent staff of 120.
They couldn't even get their heads around those figures. They thought that at $250,000 a year you would be living in the lap of luxury.