I'm responding to the parent, who states "earners" which means income, not wealth. I may agree that someone with 300k may lose 40% to taxes, then they spend 1/3

I'm responding to the parent, who states "earners" which means income, not wealth. I may agree that someone with 300k may lose 40% to taxes, then they spend 1/3 of what's remaining on expensive housing, another few hundred on student loans and a new car payment-- suffice to say, life can be very expensive for those in SV or SF or NYC. But still, having 300k coming in pre-tax earnings puts you in the top 0.2% of earners globally, not 5%, which was the original point in question. Why do I stress this point? Because we need to realize we're not just the top 5% here on this forum. Globally speaking, we range from well-off to EXTREMELY well off, and we should have the humility to post the proper stats about ourselves.