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People between the 70th and 90th percentiles feel squeezed by a lot of expenses that cost less for those lower on the scale, due to price discrimination, progre
by bm98 16y ago
People between the 70th and 90th percentiles feel squeezed by a lot of expenses that cost less for those lower on the scale, due to price discrimination, progressive taxation, subsidies, etc. College tuition is a good example. It's high enough to take a big chunk of the income of a 70-90th percentile earner, but it doesn't hurt as much to someone higher (spare change!) or lower (financial aid) on the income scale.