Warren Buffet: stop coddling the richest Americans

[gaelic cowboy]

Only 80k.

Eh wha??

Someone living in say SD California is going to pay around 300k for a decent townhouse in an area like La Mesa which isn't that great a location. By the same note I could spend 300k in Georgia and buy a sprawling abode.

Even if the average is greater they can well afford that house in SD on 308k.

Also you seem blissfully unaware of the actual point, that is the top 1% of earners in the united states. And it is an average......... which means that number includes people who make millions upon millions of dollars per year...... does say 200k sound like a rich person to you as well?

200k does sound quite comfortable afterall it's prob about 4-5 times the average yearly wage in the USA.

average wage USA but it only goes to 2009 still it hardly changed that much lately

Start ups are formed with the desire to get ahead and become wealthy..... not to be your own boss. That is a secondary factor at best for most entrepeneurs and the desire to make oodles of cash and expand is the goal of the majority of people.

There are a lots of reasons people start companies and profit while a big one tis not the only reason people start there own company.

[Centurion1]

Eh wha??



Even if the average is greater they can well afford that house in SD on 308k.



200k does sound quite comfortable afterall it's prob about 4-5 times the average yearly wage in the USA.

average wage USA but it only goes to 2009 still it hardly changed that much lately



There are a lots of reasons people start companies and profit while a big one tis not the only reason people start there own company.

Someone with a wage of 308k is not living in a townhouse in SD la mesa.

its only 80k higher.

200k before taxes. and it sounds upper middle class to me nothing more nothing less.

[gaelic cowboy]

Someone with a wage of 308k is not living in a townhouse in SD la mesa.

Come on now Centurion1 308k in a year is more than comfortable, you used the example of an SD house being worth 300k if I earn 308k a year I can afford that house easy. Most people have to buy a house that is 2-3 times there yearly wage however in your example the wage is 8000 more than the house itself even with the credit crunch the bank would practically murder people to give you a mortgage on that wage. Even if we take it that this is before tax there bringing home around 205-210 a year and they can still afford that house in SD.

Say they put aside 28-30% a month for the house thats 60-70k a year roughly (I didnt work it out it could be more or less) which means they spend after tax and the mortgage somewhere between 120-130k a year to live.

So there not Warren Buffett big deal there not worrying about there meals either.

its only 80k higher.

so what

200k before taxes. and it sounds upper middle class to me nothing more nothing less.

Upper middle class denote better than most though, the average middle class family is probably closer to 100-150 (before tax)

[Centurion1]

Come on now Centurion 308k in a year is more than comfortable, you used the example of an SD house being worth 300k if I earn 308k a year I can afford that house easy. Most people have to buy a house that is 2-3 times there yearly wage however in your example the wage is 8000 more than the house itself even with the credit crunch the bank would practically murder people to give you a mortgage on that wage. Even if we take it that this is before tax there bringing home around 205-210 a year and they can still afford that house in SD.

Say they put aside 28-30% a month for the house thats 60-70k a year roughly (I didnt work it out it could be more or less) which means they spend after tax and the mortgage somewhere between 120-130k a year to live.

So there not Warren Buffet big deal there not worrying about there meals either.




so what



Upper middle class denote better than most though, the average middle class family is probably closer to 100-150 (before tax)

I'm not disagreeing with you. I just find it annoying when people hear about the evil top 1-10%. When in reality we both no someone making say 200k a year is by no means wealthy. Living pretty comfortably (depending on the location if I was in nyc it would be more like middle class) and their kids may go to private school sure but would I say that person is some evil rich person? Hell no.

[gaelic cowboy]

I'm not disagreeing with you. I just find it annoying when people hear about the evil top 1-10%. When in reality we both no someone making say 200k a year is by no means wealthy. Living pretty comfortably (depending on the location if I was in nyc it would be more like middle class) and their kids may go to private school sure but would I say that person is some evil rich person? Hell no.

True there not evil which is why it should be only a percent or two at that level.