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.
Not me I am all for free markets without government interference
I seriously doubt that. Under certain conditions you'd probably welcom some good ole government interference. EG: IF you had a thriving business and suddenly conditions shifted and your businesss tanked, you probably wouldn't turn down a government handout to keep your business afloat.
Not me I am all for free markets without government interference
I seriously doubt that. Under certain conditions you'd probably welcom some good ole government interference. EG: IF you had a thriving business and suddenly conditions shifted and your businesss tanked, you probably wouldn't turn down a government handout to keep your business afloat.
Mmmm nope, my company went throught chapter 11. We lived life went on, no government help.
Mmmm nope, my company went throught chapter 11. We lived life went on, no government help.
Did you turn down a government bailout?
I would never accept a government bailout. Look at the shackles the TARP recipients are in it simply isn't worth it. If I wanted to work for the government I would.
If it doesn't I'd gladly settle for whatever status that level of income would qualify for.
This statement sums it up very nicely! Wether you think a 300K income makes you rich or not, it buys whatever it buys...dependent on the buyers financial savvy and negotiating capabilites to a certain degree.
It's been asked at what salary level is someone considered rich, and there has been some very interesting insight.
My question is, if a family has a combined income of $300,000 a year, are they considered "rich". Of course everything is relative, but in most parts of the US is this considered wealthy?
While this figure is clearly a large sum, I think it depends how old one is when they earn this kind of money which determines whether or not they are rich. If it's someone in their 30's or even 40's, I would argue that they are affluent (not rich).
But if it's someone in their 50's or 60's (who has yet to pay off their mortgage, drives luxury automobiles, travels extensively, dresses to the nines, enjoys fine wine and food) I would say they are not.
Even though a salary of $300,000 puts one in the top .9% of US income earners, I still do not consider this figure to be "rich". Do you?
There are Miami firefighters who make that kind of money ($300,000/year)
Rich is having money that works for you and enough to live on for the rest of your life without having to work. 300,000 is enough to live a nice life style but if you lose your job, you can still be poor very quickly.
Rich is having money that works for you and enough to live on for the rest of your life without having to work.
You are talking about wealth, not income. One is a stock, the other is a flow.
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.
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.
Does an income of $300,000 make someone rich?
