I always find this discourse interesting bc I can entirely understand each side by putting myself in the situation to someone making $40k/yr the idea that $400k isn't rich is ludicrous but, to someone making $400k/yr >>>
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it's presumably a married professional couple, w upper middle class norms so OF COURSE they live in a [ "modest" ] house that costs $800k in a "decent" neighborhood, OF COURSE they're maxing out 401(k)s and IRAs, OF COURSE they're paying back student loans and lawschool loans >>
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they eat out at a decent sushi or steak place once a week, which they totally deserve for their 60 hour work weeks etc etc etc To be them, it doesn't FEEL rich. They're the poorest ones they know at their law firm / doctor's office / etc.
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If you knew that $400k was coming in no matter what and for decades to come, you'd feel rich. Many of us saved rather than spent the excess because that's how we were brought up. Children of Depression parents.
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Being fair, most people making $400k/year, specifically, probably work long hours at difficult work to earn it. So its not so much 'no matter what.' Its "so long as I keep slaving away at this job regardless of its effect on my psyche."
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right, and also "work long hours" implies other costs : nanny, cleaning service, etc.
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I was thinking about this as I fell asleep and it also occurred to me it might just be about what you can buy. If you live in New York you’re constantly hit in the face with homes that rent for 100k a month or cars that are 300k, so you feel poor since you can’t afford em
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Comparison is the thief of joy. That may be the ONE thing the Commies get right. High levels of wealth/income inequality that are highly visible seems to fuck with human hedonics. And this can manifest in very negative ways both psychologically and socially.
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I’ve been thinking about that lately also and one of the things that weirds me out about it is the whole “its fucked up that the rich are fat while workers starve thing” is totally true but also no one ever seemed to say “it’s fucked up that Stalin is fat while peasants starve.”
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I've been thinking about inequality a lot lately a distant family member totally ruined his life with bad decisions. Squandered life savings of $200k in the most retarded manner you can possibly imagine (
#include Jerry_Springer.h ). Wife and I have rescued him >>>1 reply 0 retweets 4 likes
where "rescue" means "spend $20k to apply metaphorical tourniquets and ensure that he's not homeless" but having done that, we're letting him survive on his own Social Security and pension, which ... is fine. Acceptable middle class life in a 1 bedroom apartment. HOWEVER >>>
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Replying to @MorlockP @drethelin and
it really is something to contrast his SS annual income to our absolute-peak-earning-years-two-professionals-employed household income. It's like a 10:1 ratio. And the ratio of our net worth (even tho we're just middle class, not rich) is a divide-by-zero-error bc his = $0
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