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Re:U.S. Income Inequality Hits a New Threshold by username223 on Thursday March 01, 2018 @04:13PM (#16496393)
Just for reference, being in the "top 1%" in the US means about $300k income and/or $3m net worth at age 40. That's not "buy a politician" rich, but it is also not the average professional or small business owner.
Re:U.S. Income Inequality Hits a New Threshold by basementcat on Thursday March 01, 2018 @05:38PM (#16497066)
I would argue that having $3MM net worth is more than enough to "buy" one or more (local) politicians for an election cycle or two in many parts of the USA.

https://ballotpedia.org/School_board_elections,_2016 https://ballotpedia.org/Money_in_local_elections_(2016)

Re:U.S. Income Inequality Hits a New Threshold by hcnews on Thursday March 01, 2018 @04:30PM (#16496553)
$300k per year income is pretty common for 5 years experience in silicon valley including stock grants these days.
Re:U.S. Income Inequality Hits a New Threshold by TheCoelacanth on Thursday March 01, 2018 @05:31PM (#16497012)
It is common for a very small portion at the very top of a job that already pays more than most jobs. The BLS, which uses reliable statistical methods to estimate wage information for occupations, found that only 10% of software developers make more than $157,590[1].

[1] https://www.bls.gov/oes/current/oes151132.htm

Re:U.S. Income Inequality Hits a New Threshold by c0nducktr on Thursday March 01, 2018 @05:01PM (#16496792)
There's a lot more to America than Silicon Valley. Whatever the average SV wages are, they're outliers when compared to average wages across the county.
Re:U.S. Income Inequality Hits a New Threshold by watwut on Thursday March 01, 2018 @05:38PM (#16497061)
And everyone here complains about it being hard to pay housing instead of bragging how great everyone is. If th norm in SV would be so great, I would expect them to.complain less.
Re:U.S. Income Inequality Hits a New Threshold by c0nducktr on Thursday March 01, 2018 @09:48PM (#16498553)
My point is that SV is atypical, so statements about 'how it is in SV' aren't really relevant when talking about the US as a whole.
Re:U.S. Income Inequality Hits a New Threshold by mortenjorck on Thursday March 01, 2018 @05:27PM (#16496980)
Which is just about enough to pay for a standard of living comparable to what you can afford on $85k/year in nearly the entire rest of the country.