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Wait, so I can't engage in finance talks and expect some semblance of respect, but, others can? Just want to make sure that I am understanding your viewpoint
That's my point the numbers say nothing at all to me ... I am of the opinion that should an economic collapse happen tomorrow you will not be in any better position than I am - I don't believe in financial security for myself any more than I do for you. You are the one that is dividing us according to financial assets not me.How is that relevant? See -- it goes to the same bias that you have.
YOu have no idea how I spend my time, or my money or my donations, and yet, you think that it is appropriate to share my $$ with you.
Let's say that i have assets of a million and stand to bring in 500k this year.
Now, i don't but if the number changed to 500k and 250k or 250k and 100k, what would that say to you.
How do the numbers impact your perception?
Yet, monk, i agree with kimmio. The extra income gives me choices. It can give security.
I do not fortell an epic collapse.
That's what I like about Graeme ... he is consistent.of course, there will be an epic collapse. When, for decades, wealthy steadily goes from the poor to the rich you are going to get a collapse. And it is quite possible that, within that, we shall see political and social collapse. The U.S. exploitation and mass murder that the U.S. has carried out through the middle east has created a horror that will not soon, if ever, be ended. The same is true in South America.
The trouble with the very, very upper class is that it cannot see the consequences of what it is doing. it is billionaire oilmen who are preventing any dealing with climate change. The insist it's not happening.
But, as it they do that, they don't seem to realized that climate change will destroy them, too. They seem to be remarkably short-sighted in their arrogance.
Interesting, re definition of middle class
Found this article, which starts with numbers like lucends posted, actually starts with what politicians said. It later moved into regional differences and a comparison of income vs wealth
http://www.macleans.ca/economy/money-economy/are-you-in-the-middle-class/
I must have lost some brain power recently because I really don't understand that link to a wealth calculator. So I can record the value of my house, car, possessions - and record my debts. Those figures state we aren't poor. However, in real life we need to live in the house, so the fact that it is worth something isn't very useful. Selling the car and other assets for less than the value we get from using them would be a bit silly too. What we really have is our small pension income that is sufficient to pay our taxes, house maintenance and living costs at the moment, but doesn't leave us much disposable income.
I disagree with that. When you have security you have more power. When you are a millionaire you don't have pesky problems like "Will I have a place to sleep next month?" (Or today) It's the difference between conducting your daily affairs on the ground or up on a tight rope. And suppose you have other hinderances to daily living, like disability (and/ or racism and/ or gender inequality) along with, and contributing to, the lack of resources - that makes it even harder to keep up, and here you are up on a tight rope. Life is consumed with not falling off... There isn't much headspace or stamina or time available to speak up and speak out and make changes in the world - even if you see things that could use a change. However, when you have security, you have more opportunity to do so. You may not have the financial capital that a billionaire has - but you have peace of mind. I suppose I resent to some degree, people who have that but don't acknowledge their comfort and fortune.You can't discuss wealth without discussing power. The two go together. Those with enough wealth have the power to make us poor. And they do it.
Not sure where you see the contradiction. Security obviously has to do with having money. If you have money, you have choices. Therefore, you have power. For example, buying power determines the market. This can be influenced somewhat by the consumer who is not wealthy ( i.e. If as result of mad cow disease people suddenly tend to buy organic meat)- but for that, you still need to have the finances to buy alternatives.I disagree with that. When you have security you have more power. When you are a millionaire you don't have pesky problems like "Will I have a place to sleep next month?" (Or today) It's the difference between conducting your daily affairs on the ground or up on a tight rope. And suppose you have other hinderances to daily living, like disability (and/ or racism and/ or gender inequality) along with, and contributing to, the lack of resources - that makes it even harder to keep up, and here you are up on a tight rope. Life is consumed with not falling off... There isn't much headspace or stamina or time available to speak up and speak out and make changes in the world - even if you see things that could use a change. However, when you have security, you have more opportunity to do so. You may not have the financial capital that a billionaire has - but you have peace of mind. I suppose I resent to some degree, people who have that but don't acknowledge their comfort and fortune.
I do think there's likely a big crash coming. I don't have all that far to fall. However, it doesn't do much good for my psyche to be bombarded with doom and gloom about said impending collapse. My wits about me is the best thing I can have. I also don't find the fear mongering and lies of the conspiracy propagandists to be helpful - I mentioned before it's like passing on electronic rabies. Down south, there are a lot of rabid people. I'm just trying to stay humble and keep my scruples.