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re: .
Posted on 7/28/20 at 12:00 pm to SlowFlowPro
Posted on 7/28/20 at 12:00 pm to SlowFlowPro
quote:
so the next issue is defining what "middle" means. are we talking about the middle third? of income/savings? some people seem to want to expand "middle" class to mean about 80% of the population
Given the rise in income inequality, there may be logic behind expanding the parameters of middle class. Or to have a tier beyond upper class that would encompass people with generational wealth. There is a certain level of wealth at which it would actually be difficult to stop being wealthy. Assuming they don't participate in the Buffett-style donation at death, Jim Bernhard's or Jamie Dimon's or Tom Brady's kids would have to actually make such a long list of consecutive bad financial decisions that it's almost impossible for them to not be rich for life.
Posted on 7/28/20 at 12:05 pm to Steadmans Cheddar
quote:
Given the rise in income inequality, there may be logic behind expanding the parameters of middle class.
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