How Do You Define Wealthy?

In order to separate the middle class and wealthy people, the federal income tax policy has set dividing line of household income to 250 thousand dollars. However, some people objected to this policy and argued that there was a big difference between the income of $ 250,000 a year - especially the high cost of living - and millions of dollars, and even billions of dollars in revenue doing. What do you think? How do you define "rich"? Do you think that families need to be considered wealthy people by the government?

In the weekly review article "Rich and Sort of Rich", Andrew Ross Sorkin reviewed the background of the $ 250,000 threshold and the current debate on its effectiveness.

Regardless of policy debate, families who are in line with President Obama's policy may be wealthy, but that does not mean they feel wealthy.

In Yahoo's bulletin board, he says that there are two children on the poster Mason living in Manhattan, his family income is $ 262,000. "I understand the need for tax increases, but I can not figure out why people like us are mixed with millionaires and millionaires," he wrote.

At a certain level, Mason feels the influence of inflation; 250 thousand dollars is no longer the same as the past. If Obama really wishes to return Clinton to the 1993 level, he would have to adjust the inflation bracket to raise it to about $ 386,075. In fact, last year in Clinton 's regime, the highest position rose from $ 250,000 to $ 288,350.

Then there is a problem of catching up with Jones. In 1993, income of $ 250,000 became a more unique club, and you became more comfortable as you are one of the rich. At that time, households earning more than 200,000 dollars accounted for 0.08% of the country.

Today, $ 250,000 families tend to gather in coastal areas.

Student: Please tell me how to define wealth in real life and fiscal policy. In addition to salary and income, what factors do you consider? If your family earns $ 250,000 a year, do you think you have money? How about $ 500,00? Still $ 1 million? What would you like to do with your money so that you think you are rich rather than middle class? Should the government raise the threshold? Otherwise, why? If so, what level of income?

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But the most troubling problem of this article is that it does not define 'wealth'. What we know is that at the age of 65, $ 50,000 is not wealthy and retirement accounts are not $ 193,000. Of course, most people do not have a hard time making them agree on these two assumptions, but that is not important.

If you want to be rich, you need to do what rich do. It requires discipline, effort, and a life in a life that is not wealthier than you. It is difficult to combine and live according to the budget, but it will become easier over time. There are reasons why everyone is not rich. I do not think that many people are willing to make such a promise, but we all have choices

When you are rich, you can choose how difficult it is you want to work. For the rich, this dirty secret is that even if they cease to work perfectly, they can still live a better life of existing wealth. Some people do this. Some people spend time on charitable projects and social projects. Some people prefer to work to increase wealth. How much depend on their ego. People downstream of the food chain have no choice. They work very hard as they have to work hard. Many people work full time or do multiple work, but still they live below the poverty line. Removing poverty with the concept that they need to work harder is a complete fraud. Those who spend $ 5 an hour to dig a potato are working hard to design autonomous vehicles like those who earn 150 thousand dollars a year.

Buster! Not everyone can become rich. No matter how they work, some people will never be wealthy. But this is not a problem. So, you understand the role of your role in this world. To the fact that it is not rich now is not meant that you are not doing well or living well. In fact, wealth is an ultra rich resource that can not be consumed, especially in his life, by the individual who owns it. When I told this person, this included his family. So wealth is responsible. It is the responsibility to orient these resources in the right direction. When you meet the most sensible rich, they will tell you that you are the channel or guardian and not the owner of wealth. The problem is how we realized that wealth is blessed. There are several signs: the flow of ideas, extraordinary opportunities, growth of touch of your hands, general early life, the opportunity to become a successful personal friend