A blog of political positions and thoughts, from a liberal who evolved into a moderate, and who keeps on evolving. Open-minded analysis. Plain writing. Occasional profanity.
Sunday, April 17, 2016
Short: What is the 1%?
If you work hard, save your money, and don't run into bad luck, can you propel yourself into the 1%? Those characteristics describe my family (along with having good education and middle-class jobs). So, I wondered, could I possibly be in the 1%? There are times when I feel maybe I could be or should be. (One of those times is right now, after a hard week at work and me finishing up my tax returns. Shouldn't my hard work and careful ways have raised me up?)
Well, not according to this. You need at least $5 million not including your house and $500K of income yearly. Oh well... maybe in the next life if there is one.