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A comment on One-Percenters Close to Surpassing Wealth of U.S. Middle Class. Parent comment

Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by asjw on Saturday November 09, 2019 @09:14AM (#21491642)
Classes by definition are about wealth

If you're unable to manage your money it's your fault, but you're not working class

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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by shantly on Saturday November 09, 2019 @09:21AM (#21491691)
Income is not wealth.
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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by base698 on Saturday November 09, 2019 @10:17AM (#21491974)
https://youtu.be/bZWeFtgEAEk?t=41

Here's the difference between rich and wealthy. Shaq, is rich, the white guy that signs his check is wealthy.

Rich is something you can lose over the summer in Vegas with a drug habit.

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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by CPLX on Saturday November 09, 2019 @12:39PM (#21492860)
Shaquille O’Neill, with an estimated net worth of approximately 400 million dollars, is wealthy.
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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by base698 on Tuesday November 12, 2019 @06:22PM (#21519355)
It's an old video, def is now wealthy.
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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by casion on Saturday November 09, 2019 @09:27AM (#21491721)
I manage my money quite well, thank you.

Im not sure why it's difficult to grasp that the difference between gross and net income can be large for some job in some areas, but that is the case for a small number of individuals.

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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by sanderjd on Saturday November 09, 2019 @10:05AM (#21491903)
It is foreign to the vast majority of people that you would be making $400k per year of income but unable to afford a $5 breakfast as you say. I'm having some trouble with it too. When if you're paying $150k in taxes, have a $10k a month mortgage payment (about a $1.5M mortgage), and are making $5k a month in student loan payments, you have $70k left over. I suppose I could see your medical bills being so high that this is then a difficult pie to share with everyday expenses. But it's a lot of assumptions to get there.
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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by badfrog on Saturday November 09, 2019 @10:34AM (#21492087)
Even if those number were reality, OP's claim that "I manage my money quite well" would be nonsense.

If your after-tax income is $250k and you're spending $130k on loans and medical expenses, it would be foolish to sign up for a mortgage that costs $120k per year.

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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by casion on Saturday November 09, 2019 @10:49AM (#21492174)
Please see my other comment. You're making assumptions that are not correct regarding my choice in housing and expenses.
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Re:One-Percenters Close to Surpassing Wealth of U.S. Middle ... by chrisseaton on Saturday November 09, 2019 @09:37AM (#21491763)
> Classes by definition are about wealth

No they aren't! You can be working class but a millionaire, and you can be upper class but destitute.

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