A practical application of socialist ideas (Read 1171 times)

    And the high end of $75k seems exceeding low.

     

    Yes... (see the 2nd link that I put in "MTA2".  In it, Krueger apparently has a dual definition of middle class, with the 2nd, on the upper end side of the scale, more in line with what some would consider "upper middle class".  And, I don't think that $75k to $250k would be upper middle class.  There's some number higher than $75k that I'd still consider middle class)

    Life Goals:

    #1: Do what I can do

    #2: Enjoy life

     

     


    Why is it sideways?

      I think you guys have an upper middle class conception of middle class. Smile

       

      If you were in poverty, I think middle class would look like stability. The ability to have a regular life without being hungry or dependent on the gov.

        I think for the purposes of this analysis, the idea is that folks in the 25k-75k range constitute the middle class--folks who are in danger of falling back into poverty, but who do not live in poverty. Upwards of 75k, you are upper-middle class: though it may be tough or you may not be able to live in like the best school district, you are not worried about poverty.

         

        I guess by that definition it makes sense but I that is a different definition of "middle class" than most people use.

        Runners run

          I think you guys have an upper middle class conception of middle class. Smile

           

          If you were in poverty, I think middle class would look like stability. The ability to have a regular life without being hungry or dependent on the gov.

           

          You're exactly right but I guess I always thought of there being a layer in between middle class and poverty? But anyway...semantics.

          Runners run

          LedLincoln


          not bad for mile 25

              I maybe shouldn't be surprised, but I was somewhat surprised that the definition of middle class (upper middle class) dealt with "INCOME" rather than "NET WORTH".  Haven't found much relating to the worth of a household and its relationship to class.

               

              When I was reading the link, my original thought was that "NET WORTH" would be a better basis for defining societal classes.  Highly leverage people who earn more than $xxk seem like they may live like they're middle class, but in reality, they're not.

               

              However, in retrospect, I guess that INCOME is a better gauge for considering and classifying middle class.  Seems like "NET WORTH / WEALTH" may be a good gauge for classes above middle class.

              Life Goals:

              #1: Do what I can do

              #2: Enjoy life

               

               

                25-75k for a family of 4 sounds middle class for Nebraska.

                 

                50-150k for a family of 4 sounds middle class for Boston.

                 

                 

                 

                 

                LedLincoln


                not bad for mile 25

                  25-75k for a family of 4 sounds middle class for Nebraska.

                   

                  50-150k for a family of 4 sounds middle class for Boston.

                   

                  Middle class.  East coast class.


                  Kalsarikännit

                    East coast class.

                     

                    Yesterday when Mitt Romney was discussing his 15% income tax rate, he described his 2010 speaking fees as "not very much".

                     

                    It was $374,000.

                    I want to do it because I want to do it.  -Amelia Earhart

                     

                    Trent


                    Good Bad & The Monkey

                      I thought America did not have a class system.

                        we are talking about improving it.  how can we have class warfare if we can't even clearly define the combatants?

                         

                         

                         

                         

                        TripleBock


                          Currently if I give $1 to a charity I get @ 25-30% tax benefit, so I always give the governments gift to the charity ~ $1.25-$1.30

                           

                          That means if I were to give $10,000 total it becomes $12,500 -$13,000

                           

                          If they took the charitable deduction away, then I would just give $10,000 in this example.  The government would collect $2,500-$3,000 more in taxes that it could use to fund more programs to help people.  Or just waste it on Booze, Drugs and Wild Women. 

                           

                          So yes, It would reduce my charitable giving 

                           

                          Would this limit people's generosity to charities?

                          I am fuller bodied than Dopplebock

                            I thought America did not have a class system.

                             

                            Smile

                            I think you're confusing "Class" with "Caste".

                            "Tomato", "Tomato"

                            "Interesting", "Important"

                            Life Goals:

                            #1: Do what I can do

                            #2: Enjoy life

                             

                             


                            No Talent Drips

                              Smile

                              I think you're confusing "Class" with "Caste".

                               

                               

                              I think Ternt may have been referring to this bit of Rick Santorum's genious

                               

                              Just make it to the 30 second mark...really?

                               Dei Gratia

                               

                              zoom-zoom


                              rectumdamnnearkilledem

                                Frothy...

                                Getting the wind knocked out of you is the only way to

                                remind your lungs how much they like the taste of air.    

                                     ~ Sarah Kay