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Started By
Message
Posted on 3/30/07 at 4:08 pm to Chicken
quote:
karma, just get him to tell us what the salary cutoff is for the upper class..
According to the chart from wikipedia, a resource you yourself used in this debate, the top 1% are considered upper class
I don't know what the top 1% is in LA but nationwide the salaries are about 350K a year to be in the top 1%.
I would imagine it's slightly lower since the median income is lower in LA and there are less prestigious job positions here. You'd have to do your own research on Louisiana income distribution to figure out what would put you in the top 1% of Louisiana wage earners.
Posted on 3/30/07 at 4:09 pm to Powerman
you sure do a lot of "assuming" and "imagining" when you try to argue. hmmm...
Posted on 3/30/07 at 4:10 pm to Powerman
quote:So, after all this, you yourself can't even answer the original question posed by rmcc?
You'd have to do your own research on Louisiana income distribution to figure out what would put you in the top 1% of Louisiana wage earners.
Posted on 3/30/07 at 4:10 pm to LSU Fan 90812
quote:
Nope. The money is not your own. Look at the definition of income again boy.
I don't care what definition you use. Money coming in is income. You might not personally be taxed on it because it's not your money. But if it's available to you to use at your own discretion then it's a form of income. It's just not quantifiable since it's dependent on how much you spend.
Posted on 3/30/07 at 4:11 pm to Chicken
quote:
So, after all this, you yourself can't even answer the original question posed by rmcc?
I can't put an exact number on it
Neither can you
It's an arbitrary point. The point is, it's much less than 700K, a salary that you scoffed at as making someone "middle class"
This post was edited on 3/30/07 at 4:12 pm
Posted on 3/30/07 at 4:12 pm to Powerman
quote:How can you say it is arbitrary, and then say definitively that it is much less than $700k?
It's an arbitrary point. The point is, it's much less than 700K
Posted on 3/30/07 at 4:12 pm to LSU Fan 90812
quote:
you sure do a lot of "assuming" and "imagining" when you try to argue. hmmm...
And you sure do a lot of talking out of your arse
Coming up with ridiculous scenarios about people finding 20 million dollars on the ground is a sound argument?
I don't think so
Posted on 3/30/07 at 4:13 pm to Powerman
quote:
Money coming in is income.
in my situation the money is not coming in. The person has no income. he never has any expenses either. is he still upper class?
And actually,
Income: the monetary payment received for goods or services, or from other sources, as rents or investments.
There is no monetary exchange whatsoever.
Posted on 3/30/07 at 4:14 pm to Chicken
quote:
How can you say it is arbitrary, and then say definitively that it is much less than $700k?
Maybe arbitrary was the wrong word
My point is that it's not that important what the actual number is. But if the nationwide number is about 350K, it would be reasonable to assume that for LA it's well under 700K, given that the economy in LA is sub par and the median income is a full about 25% less than the rest of the nation. It would stand to reason that the top 1% bracket in LA is LESS than 350K and it would be ridiculous to assume that it would be anywhere near 700K
Posted on 3/30/07 at 4:15 pm to Chicken
Can we agree, for this argument that the top 1% in LA make over $500,000?
So, according to you, the guy who makes $500,000 is upper class, but the guy who makes $475,000 is upper middle class?
Is that what you are suggesting? If so, it was just a stupid question in the first place.
So, according to you, the guy who makes $500,000 is upper class, but the guy who makes $475,000 is upper middle class?
Is that what you are suggesting? If so, it was just a stupid question in the first place.
Posted on 3/30/07 at 4:15 pm to LSU Fan 90812
quote:
The person has no income.
If you inherit money, it's income
Posted on 3/30/07 at 4:16 pm to Chicken
quote:
Can we agree, for this argument that the top 1% in LA make over $500,000?
No
Where would you get such a stupid idea like that after all the discussion we've had
Posted on 3/30/07 at 4:16 pm to Powerman
quote:
Coming up with ridiculous scenarios about people finding 20 million dollars on the ground is a sound argument?
I don't think so
no you dumb shite. it's a method of exposing erroneous reasing. You take a scenario to it's extreme, to expose the fallacial logic.
If I would have said, inherited $200,000 from his mom and dad, then you would've argued about whether or not he could have lived off of it, and other such stupid arguments like you've tried before.
The point of the 20 mill was that while it was income at one point, 10 years later had he made no more money, his current income per year would be $0.
If you ask him the question that you refer to as the sign of someone being upper class, which is:
"How much money did you make last year?"
He would have to respond $0.
Because your previous models had nothing to do with duration.
Posted on 3/30/07 at 4:17 pm to LSU Fan 90812
quote:
Your income since you've been born. $0.
Are you still living in a matter that's considered upper class? You go to the nicest parties. You drive the nicest car. You went to the best school in NY.
What's your income?
socially, you might be considered upper class. but i clearly asked about financial classes and not social classes..
Posted on 3/30/07 at 4:17 pm to Powerman
So, the guy who makes $5000 (or even $100) less than your arbitrary cutoff is in a different class than the guy making the cutoff?
WoW.
WoW.
Posted on 3/30/07 at 4:21 pm to rmcc316
quote:
socially, you might be considered upper class. but i clearly asked about financial classes and not social classes..
well that's the problem with your question. Is that "upper class" is not strictly a financial term. Which is the entire crux of this whole argument.
And no it was not "clear". Because the very definition of upper class i" refers to the group of people at the top of a social hierarchy."
So any time you refer to "upper class" you're referring to a social hierarchy and NOT economic hierachy.
Posted on 3/30/07 at 4:21 pm to Chicken
quote:
So, the guy who makes $5000 (or even $100) less than your arbitrary cutoff is in a different class than the guy making the cutoff?
WoW.
No
The cutoff line isn't clear
But if you want to say what is upper class, you would say someone who makes about X amount of dollars annually and that will give you a good estimation.
quote:
The top 1 percent of households (those with annual incomes above about $315,000 in 2004) garnered 53 percent of the income gains in 2004….
LINK /
This group seems to think the top 1% is about 315 and higher
So where did you get that stupid 500K and higher idea for LA? Did you just pull it out of your arse?
But these aren't discrete cutoff points. They're ballpark figures. That should be obvious. If you're within a reasonable range you could consider yourself upper class or borderline upper class.
Posted on 3/30/07 at 4:22 pm to LSU Fan 90812
karma, I think Powerman is clearly Trevor Burbick...
Posted on 3/30/07 at 4:22 pm to LSU Fan 90812
quote:
well that's the problem with your question
Or maybe the problem is your inability to understand the question
He clearly asked what salary ranges would make you middle or upper class in LA
Ever heard of a fricking context clue?
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