4 ms·
Sure yeah, all those middle class families with second homes in New York City. Right. Nobody affected by this is middle class. Nobody that will be affected by
by cactacea 4mo ago
Sure yeah, all those middle class families with second homes in New York City. Right.
Nobody affected by this is middle class. Nobody that will be affected by this in the next 20 years would be considered middle class by any rational measure.
- dec0dedab0de 4mo agoThat really depends on how you define middle class. I can easily see how someone with a net worth of 100m being considered middle class compared to billionaires.
- cactacea 4mo agoThanks, I needed a laugh. Only on HN...
- swiftcoder 4mo agoAnd here people gave Mitt Romney shit for saying $250k was middle class...
- DocTomoe 4mo agoNot middle-class, middle-income. Also, that was 14 years ago.
- swiftcoder 4mo ago> Not middle-class, middle-income. Unless we are claiming the middle classes live on inherited wealth, I'm not sure the distinction is meaningful? > Also, that was 14 years ago. Indeed. In that time the $250k+ club has gone from 2% to 10% of American households, so Mitt Romney might have to consider ~$350k middle-income now For a slightly more grounded perspective, Pew Research currently maintains that the middle income figure is between $60k-160k
- slackfan 4mo agoJust like the federal income tax was only targeted at the top 5% of the population when implemented. Inflation is cumulative.
- cactacea 4mo agoSo the numbers will need adjusted for inflation. Eventually. Like any other tax. If you're making an argument it is entirely unclear what your position is.
- slackfan 4mo agoNo tax base rate is ever adjusted for inflation. What planet are you from?
- jmye 4mo agoAre you saying inflation is going to cause me to acquire a second home in NYC somehow? I don't think you actually understand what you're arguing about, here.