"I have never yet known a man admit that he was either rich or asleep." -Patrick O'Brian
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focus on top 1% can really be a cop-out. Many tough inequality issues, e.g. in education, concern top 20% vs. others.
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because we have debt
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agreed bcs we hve debt im apprx 7 yrs out of dental sch & hve had to pay bck txs evry yr dnt feelaffluent
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100k in San Fran very different than 100k in Iowa.
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@Maineburndoc@foxjust because we estimate "average"based on those around us, who are usually in the same income bracket.Thanks. Twitter will use this to make your timeline better. UndoUndo
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Is it that in too many places a family income of $100K is working class and below is struggling or poor?
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@Atul_Gawande@foxjust This needs to be written, but I can't understand how people making >$100k/yr can't do the math themselves. -
Perhaps the problem is that those making >$100k/yr are concentrated in a few places, and their high salary drives up cost of living.
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Which is of course our (the well-off) own damn fault for segregating ourselves by class in expensive communities.
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But then we are complaining about a problem of our own making.
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Is is expensive to paint our houses? To take care of our kids? Well, we made sure workers can't afford to live in our community
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Do you have a huge mortgage? It would be smaller if people couldn't deduct the interest.
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That a chorus of our fellow well-off doesn't smack down whiners who think $100k/yr isn't making a killing real puts the lie to "meritocracy"
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We should be smarter that that.
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It depends on how high one’s income is above $100,000. Affluence (I.e. upper middle class status) starts at ~ $200-$250K.
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