Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-29-2016, 01:53 PM
 
8,408 posts, read 7,400,755 times
Reputation: 8742

Advertisements

Quote:
Originally Posted by lisanicole1 View Post
I am not sure you could consider a net worth of 1.3 million middle class. Its not extremely wealthy but its above middle class. Most middle class people have mortgages and debt that eat up their net worth to a lesser amount.
Yes, it is middle class. Not blue collar, but definitely not wealthy. It's the UMC (upper middle class). The middle class isn't just a married couple earning a combined $50K a year.


Two married professionals clearing $200K annually each...they could easily have a net worth of a million dollars by the time they were 40 years of age if they started at 30 years of age.


Back in the 1990's, two guys owned the company where I used to be employed, a financial services firm that had about 60 employees. When they sold the company in their 40's and got $15 million each, I said to one of them that he was now wealthy (upper class) - he quickly dissuaded me of that notion.


The members of the upper class never need to work for a living and easily live large on their investment income; that seems to start roughly somewhere in the $30 million net worth range.
Reply With Quote Quick reply to this message

 
Old 08-29-2016, 01:55 PM
 
8,408 posts, read 7,400,755 times
Reputation: 8742
Quote:
Originally Posted by lisanicole1 View Post
Anyway, the point was a true middle class person will not running for President now or anytime in the near future.
Ah, I get it now...the 'no true Scotsman' argument...
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:02 PM
 
35,309 posts, read 52,269,210 times
Reputation: 30999
Trumps ad looks like if you vote for him you will be guaranteed a prominent position in the promised land, vote for Hillary and it will be nothing but doom and gloom,yeah you tell us Don.Problem is all
Trumps empty promises of what he will do if elected has to pass through congressional approval and as was shown in the last 8 years a politician doesnt always get what he wants.
Basically Trumps whole campaign is about trashing Hillary,it aint working as most voters just arent that vacuous and can see right through his bluster and bs.. He also has this weird habit of saying everything twice kinda like he's filling his speeches with non essential verbiage to make it appear he is saying more than he actually is.

Last edited by jambo101; 08-29-2016 at 03:03 PM..
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:07 PM
 
11,768 posts, read 10,256,702 times
Reputation: 3444
Quote:
Originally Posted by jambo101 View Post
Trumps ad looks like if you vote for him you will be guaranteed a prominent position in the promised land, vote for Hillary and it will be nothing but doom and gloom,yeah you tell us Don.Problem is all
Trumps promises of what he will do if elected has to pass through congressional approval and as was shown in the last 8 years a politician doesnt always get what he wants.
So you're saying that Trump needs to be a dictator. Hmm...

Emperor **********.
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:17 PM
 
3,841 posts, read 1,977,199 times
Reputation: 1906
Quote:
Originally Posted by djmilf View Post
Yes, it is middle class. Not blue collar, but definitely not wealthy. It's the UMC (upper middle class). The middle class isn't just a married couple earning a combined $50K a year.


Two married professionals clearing $200K annually each...they could easily have a net worth of a million dollars by the time they were 40 years of age if they started at 30 years of age.


Back in the 1990's, two guys owned the company where I used to be employed, a financial services firm that had about 60 employees. When they sold the company in their 40's and got $15 million each, I said to one of them that he was now wealthy (upper class) - he quickly dissuaded me of that notion.


The members of the upper class never need to work for a living and easily live large on their investment income; that seems to start roughly somewhere in the $30 million net worth range.
Ok fair enough. I however would consider a couple clearing 400,000 a year more than middle class in most places in the country. I figure they could retire at 50 and live off investments. That said, where I am from clearing that much would be considered upper middle class due to the cost of living and home prices.
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:38 PM
 
32,516 posts, read 37,154,780 times
Reputation: 32579
Dude can't even produce an American-made neck tie.

Trump's con job on the American people continues...
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:44 PM
 
Location: North of Canada, but not the Arctic
21,097 posts, read 19,692,053 times
Reputation: 25612
Blah... $10 million down the drain. Hope they come up with some better ones.
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:45 PM
 
11,768 posts, read 10,256,702 times
Reputation: 3444
Quote:
Originally Posted by lisanicole1 View Post
Ok fair enough. I however would consider a couple clearing 400,000 a year more than middle class in most places in the country. I figure they could retire at 50 and live off investments. That said, where I am from clearing that much would be considered upper middle class due to the cost of living and home prices.
$400K/year is more than middle class. The middle is typically defined by the middle and excludes the people at the bottom and top of the income distribution.
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:45 PM
 
Location: University City, Philadelphia
22,632 posts, read 14,933,513 times
Reputation: 15935
Quote:
Originally Posted by Retroit View Post
Blah... $10 million down the drain. Hope they come up with some better ones.
Hillary's campaign has much more money for commercials. Much much more.
Reply With Quote Quick reply to this message
 
Old 08-29-2016, 02:48 PM
Status: "College baseball this weekend." (set 2 days ago)
 
Location: Suburban Dallas
52,678 posts, read 47,928,690 times
Reputation: 33839
Great ad! After mostly staying silent on ads, Trump has hit a home run with this one.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

All times are GMT -6. The time now is 03:15 PM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top