| sueinphilly - yes, I agree. But money itself is fungible: wether it's last year's earnings or today's, it's still 80K pre-tax that will be spent.
And your point that the bread and milk cost the same for both families is exactly what I'm talking about: discretionary income. We are thinking in terms of algebraic differences between the 40 - 250K earners, while in fact the difference is geometric between those who make 40 - 250K, vs those who make 1mm or more.
Can we as a society even comprehend people making 3 billion a year? Does anyone truly make a contribution in business that deserves that kind of money? I think it's ridiculous.
And while we're discussing whether the person making 200K is really well off versus their neighbor two block away making 54K, we see CEO's failing, with major poor business decisions, being fired and paid millions and millions of dollars just to get them to go away. Talk about stupidity. There is something major league wrong with a business model that pays millions to CEO's who fail. |