4 ms·
"to live like kings, homes across the globe, yachts, private jets" <-- this idea of what it is like to be wealthy is one reason the poor stay poor
by slantaclaus 10y ago
"to live like kings, homes across the globe, yachts, private jets" <-- this idea of what it is like to be wealthy is one reason the poor stay poor
- coldtea 10y agoWe're not discussing what the poor think it means to be wealthy. We're discussing what people with > $100 million net worth do. And most of them do have all these things.
- ac29 10y agoIf this is your idea of the "1%", prepare to be disappointed. It's more like the 0.001% - a few thousand people in the US. In California, one of the top income states in the US, the top 1% of households grossed $500k+ [1], which is about $250k after taxes (admittedly this is at the low end). This is nice house, nice cars, good schools for kids, and occasional first class trips abroad money, yes, but not yachts and private jets money. [1] http://www.sacbee.com/site-services/databases/article9349178.html http://www.sacbee.com/site-services/databases/article9349178...
- coldtea 10y agoWho said anything of 1%? We were talking, and I quote about "estates worth more than $100 million".