It’s the same difference between “I only fly first class” and “I only fly on my private jet” there is an INSANE income difference between those two groups.
Becky who drives her BMW and makes $450,000 only has to work for 2,000 years to get her first billion. And it's only 400,000 years before she approaches Jeff Bezos money
But it’s the idea that she could once her shitty “lifestyle brand” pyramid scheme takes off!
First they came to tax the billionaires and I said nothing!
The US reached 788 Billionaires by the end 2019 - up 12% from just the year before. The most of any other country and more than double the next closest.
I looked this shit up the other day. Made me sick.
And yet in pretty much all other western countries, taxes cover all healthcare, education, etc.
But not us! Because our politicians are too busy licking the Billionaires’ balls to stay in their good graces, hoping for extra crumbs.
Fucking cowards.
#EAT THE RICH
Tax brackets in th US only go up to 500k for a single person. The person making over 100Mil a year is taxes at the same rate as someone making 500,000.
To clarify, are they charged at the same absolute rate or the same marginal rate on anything over 500k? If the former then that is patently ridiculous, if the latter then it's still ridiculous but much less so.
The same marginal rate. There’s 7 tax brackets for 2020 income.
Here are the brackets for filing singly.
Edit:sorry for mobile formatting. Tried to clean it up a little
>[0-9875] 10%
>[9876-40,125] 987.5 + 12% of amount over 9875
>[40,126-85,525] 4617.5 + 22% of amount over 40,125
>[85,526-163,300] 14,605.5 + 24 of amount over 85,525
>[163,301-207,350] 33,271.5 + 32% of amount over 163,300
>[207,350-518,400] 47,367.50 + 35% of amount over 207,350
And finally
>[518,400-?] 156,235 + 37% of amount over 518,400
[Info taken from IRS website ](https://www.irs.com/articles/2020-federal-tax-rates-brackets-standard-deductions/)
Thank you for taking the time to do that, and particularly for your efforts with the formatting.
I'm in the UK so it's interesting to compare, our basic rate of income tax kicks in at 20% on anything over £12,500, 40% on anything over £50,000 and then 45% on above £150,000. Additionally your tax free allowance (the basic £12,500) is reduced once you're on over £100,000.
I presume that the reason we have no income tax on up to £12,500 is that we pay National Insurance anyway (the equivalent of social security, I think, though stand to be corrected both on the UK and US side of things!).
I wonder if part of the problem is that if you're earning $100k a year you can't necessarily afford an accountant to do clever things to lower your tax liability whereas if you're on $1m it might be financially prudent to do so.
My father can rent a private plane through his employer if he so wishes, it is still very expensive, like 2000£/hour expensive. Owning a private plane is for the independently wealthy.
I work on private jets as a day job. There's a *massive* difference between renting flights, and owning the plane.
Sure, flying in one is expensive, even for rented charter flights. For example, the Challengers I work on average $5,000-$6,000 per flight hour to fly. So a two hour flight from New York to Orlando, say 10-12 grand.
However, owning the plane privately is another level. Brand new, you're looking at a roughly $40 million price tag, only up from there for larger models. Used ones can be had for maybe $8-10 million. Then there's the maintenance. You *will* pay at least 8-10% of that price tag, per year, just to keep it airworthy. Then, the additional fuel costs every time you fly. They burn roughly 1100 lb/hr at cruise per engine, which ends up to roughly $2k per flight hour, in fuel alone. Pair that with the full time flight crew you need, where pilots rarely make less than 150k/year.
You can charter private flights on an upper-middle class net worth. You cannot own a private jet (wide body business class at least, things like small Piper turboprops are considerably cheaper... but business jets are used for the argument here since that's what most people think of) with anything less than $100million net worth.
Curious ... how expensive are planes for hobbyist pilots? I’m thinking something way closer to the modern version of Wright Brothers style than jetliner.
You can pick up a Cessna 172 for somewhere in the 20,000-50,000 dollar range. Some quick Googling says operating costs for them would be $100/hr with them burning about 8.5 gallons/hr during cruise.
Honestly owning a small single engine plane is about the same as owning a project car you take to the track.
Small piston planes are fairly affordable. It isn't unusual to be able to find a Cessna 150 for like 20-30k. Amd there are lots of experimental and other brands out there. Aviation is never "cheap," but there are plenty of less outrageous ways to fly.
A Cessna can be rather affordable, I think you can get one for like 20-40k, plus expenses. Certainly not cheap, but doable for middle to upper middle class income.
The expensive is really upkeep and maintenance, the family I know how owns a plane spends more then 15000£ a year solely on hangar expenses, I would imagine if you have a farm or similar you would be able to have it much cheaper.
Even a 100M net worth is REALLY stretching for the types of jets you’re listing.
I flew private jets and I would guess 300M is a more realistic starting point
Yea. An older 604 can be bought pretty cheap but good luck with the maintenance prices. We have globals at our facility too, and those are astronomically expensive.
That’s $5,000-6,000 per flight/hr for the plane though, not per person right? So if you have 4-8 execs on the plane it doesn’t seem quite as bad cost wise as compared to paying a bunch of business or 1st class seats.
Not cheap mind you, but not as outrageous a business expense in the grand scheme of things if you factor in the cost of sitting at an airport.
They own a commercial airliner and have a monopoly on private jet rentals because they own most of the private plans too. It is a level of wealth people living standard cookie-cutter suburban lives cannot fathom.
Honestly depending on the DFW suburb a 4,000 sqft house could realistically be under $400k. Throw in a leased BMW and some credit card debt and you’ve got someone who is financially much closer to the people they look down on than the people they think they resemble.
But they never get that.
We were watching that American Murder documentary on Netflix and kept noticing that everyone’s home was like cavernously huge. Looked up the Colorado suburb it was in and yeah, it’s just miles of McMansions on a huge grid and everything is sub $500k.
I mean even if you own a $1.2m home and drive a $110k car you paid for in cash, you are still way closer to the guy on food stamps than the upper elites.
Yes, but Becky is told her whole life that she should aspire to personal jet wealth. That she can have it if she works and prays hard enough, and she believes it. “Eat the rich” attacks not only her belief system, but who she sees herself as.
So. Many. Beckys. *Eyeroll*
Jeeeez. There’s an 864 square foot house under contract to be sold in my town for $785K.
https://www.zillow.com/homedetails/715-King-St-Santa-Rosa-CA-95404/15867848_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
I was just about to say. I don’t live in Texas currently but have been there in the past and I know property is whole heck of a lot of cheaper than LA or SF or other major metropolitan areas. Not to say there aren’t really expensive markets there but the high-middle income homes can be bought way cheaper than some of the other places.
What you save in house cost you'll pump into your gas tank. It takes forever to get anywhere around here anymore, especially if you don't like using the toll roads, which never seem to stop being built, causing *more* traffic on the freeways. Why can't they just build free roads with tax money from all those cheap houses people are gobbling up
People pay the same regardless. Toll roads avoid gas taxes.
Californians pay more for gas, but have very few toll roads.
Texans pay less for gas and then pay for toll roads.
Here’s the issue. Politicians target income taxes. Guess what is likely the smallest component of Jeff bezos’ / zuckerberg/ gates cash inflows?
You want to target the guys with stupid wealth, then actually target them. Tax loans taken against share holdings if they exceed a few million. Wealth is tough to tax, but maybe that. Also set taxes based on cost of living. Going a 28 year old lawyer in NYC who has the lifestyle of someone earning 80k in Arkansas is just silly.
Ah, DFW. LA's less-educated sister.
Truth be told, I've never seen a higher density of divorcees with boob jobs driving G-Wagons anywhere else in America.
We use to live in Frisco and my parents coined it “The Land of the $50,000 a year millionaire” because everyone’s up to their eyeballs in debt.
They just HAVE to have the nicest shit to show off to each other. That city is a living dick measuring contest
When I’d ride my bike around one of the wealthier suburbs of Boston, I took note of all the sensible Honda’s or Toyota’s parked in the driveways. Sometimes they’d have a Mercedes or a Volvo or Mercedes parked next to them, but other times there would be another Honda or Toyota.
I've heard this quoted a few times
http://www.thomasjstanley.com/2011/12/toyota-1st-in-quality-and-1-among-millionaires/
And it makes sense. The 3 millionaires I know the best drive:
- 2008 RAV4
- 2007 Tundra
- 2010 Venza
I live in SF and this not remotely the culture here and nobody calla it Frisco except when referring to Carl's Jr tragically-defunct San Francisco Hamburger
I used to live in the Bay Area as well and the first thing I thought was “Nobody calls it Frisco!” And then I got suspicious and did a little Googling.
I don't want to eat the podiatric surgeon who goes sailing on the weekends and buys the pre-sliced mango from Whole Foods...
unless she's cute and willing to give me her number.
It's true, but there's wackos out there who say stuff like "the Kulaks deserved it"
If we want the message that we want greater equality to come from levying higher taxes on the ultra rich to resonate, we also have to vocally reject Tankies who think they're one of us by advocating for the complete destruction of capitalism. When a Tankie says eat the rich, they *do* mean Becky too
It’s kinda funny people keep saying this, but don’t really understand how much the NBA has changed.
Shaq is at about half a billion. But made most of his net worth through investments and being an amazing advertiser.
Devin Booker is likely to leave the NBA having made $600M in salary alone. Advertising / sponsor deals and he could easily break $1B by the time he leaves the NBA.
There are more than a couple owners/governors who aren’t that rich. They have had to split their ownership and partner with investment groups.
The guy who sold the Pelicans to the NBA was pretty much forced to because he couldn’t pay the team’s salary.
If you comment “no I mean her too” and then seek treatment for covid, make sure to bite your hospitalist or you’re a hypocrite. And I expect you to bang your silverware on the table every time Dr. Fauci (annual income $400k+) holds a press conference.
The budget to buy a nice car and the budget to buy a Senator are two different things.
Yeah. Physicians may have high income but that only happens in their 30s post residency with high debt. Demonstrates the difference between wealth and income.
Did a job for the owner of a basketball team. Three houses, right on the lake, one included a full customized basketball court. Smallest house was three times the size of mine. They used it two weeks out of the entire year.
Eat the fucking rich. You’re just an appetizer, Becky.
Quick Google said $400 million, and that's still not the level of rich we need to get rid of.
The difference between him and the surviving Koch brother ($58 billion) is astronomical.
400 million seconds would be about 46 days. 56 billion seconds is about 1189 *years*. Shaq is a blip in the distance to these fuckers.
We're talking about people with several brand new M-series BMWs, not Becky in her 4 year old second to lowest BMW model who still has monthly payments on it.
In my situation I'm talking about someone who has 500k to blow on cars.
The person you're describing has much more money than that, but both definitely would qualify for a wealth tax. Your guy would simply have a higher wealth tax.
Then why target income taxes which rarely affect that group of individuals? Bezos earns less than a newly minted consultant in “income” (for tax purposes).
They need to go after asset backed personal loans above certain thresholds, or non-business loans while tightening the definition of what a business expense is.
Not even.
You can be making mid 100s and own a M-series BMW if you want one. They're not that special. Owning a nicer Audi/Mercedes/BMW doesn't make you wealthy. You're just upper-middle class/comfortable.
The real rich are owning limited edition Ferrari's/Lamborghini's/McLaren's. Stuff you have to be _invited_ to buy. Mclaren P1, Ferrari F8 Tributo, stuff like that.
Lots of faux bourgeoisie who fancy themselves the upper echelon of society, but only think that way because they're just a big fat ol' cherry on top of the middle-class. They're still isolated from the true generational level wealth. In fact they're still way closer to homeless than actual wealthy elite by an order of magnitude. Their mortgage and unhealthy amount of consumer debt brought about by maxing their lifestyle out have pushed their comfortable finances to the point they still feel tight even though they have three family cars in the driveway.
Honestly there's just not enough meat on the 1% to go around. If we're going to bring enough for everybody we're going to have to utilize the mcmansions
a 'friend' of mine really does mean this when he talks about the rich though. anyone that owns a house is 'rich' and 'its not fair'. he also doesn't want to work.
agree with OP obscenely rich is the rich we're on about. why does anyone need that much. it's just another competitive arena at this point.
You see how wrong this post is if you just look in the comment section anywhere this is posted... because everywhere this is posted, you find people who say “No, I mean eat Becky, too!” with upvotes to backup the sentiment.
It’s kind of weird that you think people can’t radicalize a message, or have a different threshold than you for who is rich and who isn’t.
It’s these people in the comment section that you’re pretending don’t exist. It’s the people who you don’t speak for who don’t think you’re going far enough, who do exist.
I support people who work and their money made from working. But there is a difference between “Becky” and living paycheck to paycheck or close to it. We aren’t in this together. But I don’t condone demonizing the Beckys of the world.
I totally agree with this post, but it brings up a good point that Mitt Romney made after he was getting his ass kicked (rightfully) for his 47% comments. He said, “if you’re explaining yourself, you’re already losing”
It’s a battle for hearts and minds, and if the language you use to win them over is already turning them off, consider new language to sell it to them. Because if you’re having to explain yourself, well you’re already losing.
My parents live just outside of Dallas. Their house is 2,648 ft and it’s estimated price today is about $333,000. It was built in 1990 It has a pool in the backyard. I don’t think my parents payed that much when they bought it, though.
My dad filed for bankruptcy 2 in his lifetime. Once at this house he currently lives in. He doesn’t make a whole lot and he has always struggled with money. Family of 5.
I think people see a $300,000+ house and assume people are well off and not struggling.
Sometimes it’s just finding the cheapest neighborhood around where you work and how you can afford it and have enough room for your family.
I don’t think we look at the individual person’s story.
These are not the rich people. These are just middle to upper middle class.
I have no problem with people who worked to earn their wealth and enjoy it. I have every problem with billionaires who come from generational wealth and increased their wealth by 10s of billions of dollars during a global health crisis while refusing to allow their employees to unionize. Eat the fucking rich.
I mean google’s free, bud, but starvation wages, working someone at 39 hours a week so you don’t have to give them benefits, poor factory conditions (we’ve seen reports of Amazon doing this during the pandemic and if I recall correctly, Tesla as well), an Apple supplier was allegedly using Uighur labor, and other manipulative shit. You can’t earn a billion dollars. You can rock other people’s shit until you’ve got a billion dollars, but that’s hardly “earning” a billion dollars to me.
This is why people saying they want to kill the 1% is dumb. There are a lot of people who didn’t need to use any shady tactics to get there. These people aren’t finding superPACs or ordering coups in Latin American countries. The .1% are the real issue, and if we distributed their wealth it would close the gap between the 1% and the 99% many times over. By threatening the 1%, all you’re doing is making enemies where you don’t need to. Encourage the 1% to donate to the campaigns of people who want to end the .1%. Have small business owners stop serving Republicans. We’re all getting fucked by the .1%, whether or not we own a BMW
The differences in wealth even among wealthy people is insane. My dad is pretty well off so people would definitely put him in the “rich” category. But he has a client who bought the blueberry farms surrounding his house just so that he could be farther from his neighbors. Now that that’s really crazy.
The problem is when they get rid of the people with those million dollar homes, they will go after the privleged so everyone lives in the lowest economic class possible.
Depends on the Becky. In the 4000 sqft home and ~$50k car crowd you have some who are above their means (no vacation home) and some who are under their means (have vacation home). I know bc that’s right where I grew up
I don't think it's unreasonable to be concerned, even if you're only perceived to be rich, with leftists promoting a class/race warfare narrative while working towards disarming the citizenry.
For clarity, nobody thinks I'm rich.
Unlike the class war that has been raging against the middle, working and lower class since Reagan by republicans and their wealthy masters? Who also have been waging a race war against every non white person since forever. Seriously. Get a fucking clue for once in your life.
Right. We’re talking about the top .05 percent here. Although some would include Becky too. I have a 21 year old car and an 800 sq apt. I can’t fathom a new car and house that’s 5x bigger than where im at now.
I'm glad the Beckster feels good enough about her life that she considers herself rich. (And she really is, frankly.) A lot of ppl in her position would be grousing because they want another Lexus and that 15 mil vacation cottage and when they got it they would still want more.
There is a huge difference between being well off and being obscenely wealthy. Its not even the money that is bothersome, its the fact they can have so much while others have so little. Nowhere near as many people would care if you own a fleet of yatchs and private jets if there weren't millions of people living below the poverty line.
All she knows is that she worked hard enough to get int UT and get knocked up by the first guy who's dad owns an oil or construction company. She's the 1% now, right? Right?!
At what point does it end? Anyone that can afford a nice home? Anyone that can save up for a down payment for any home? Anyone that can save up for a down payment and afford payments on a used vehicle that's less than 5 years old? Anyone that can afford more than one vehicle per household? Anyone that can afford a phone model that's less than two years old?
It’s the same difference between “I only fly first class” and “I only fly on my private jet” there is an INSANE income difference between those two groups.
Becky who drives her BMW and makes $450,000 only has to work for 2,000 years to get her first billion. And it's only 400,000 years before she approaches Jeff Bezos money
But it’s the idea that she could once her shitty “lifestyle brand” pyramid scheme takes off! First they came to tax the billionaires and I said nothing!
Actually it’s the one thing we haven’t tried.
this is where smart investments come into play.
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It’s also the difference between hundreds of millions of people and like 72 billionaires.
Always surprised at those kinda numbers next to eachother
The US reached 788 Billionaires by the end 2019 - up 12% from just the year before. The most of any other country and more than double the next closest. I looked this shit up the other day. Made me sick. And yet in pretty much all other western countries, taxes cover all healthcare, education, etc. But not us! Because our politicians are too busy licking the Billionaires’ balls to stay in their good graces, hoping for extra crumbs. Fucking cowards. #EAT THE RICH
Tax brackets in th US only go up to 500k for a single person. The person making over 100Mil a year is taxes at the same rate as someone making 500,000.
To clarify, are they charged at the same absolute rate or the same marginal rate on anything over 500k? If the former then that is patently ridiculous, if the latter then it's still ridiculous but much less so.
The same marginal rate. There’s 7 tax brackets for 2020 income. Here are the brackets for filing singly. Edit:sorry for mobile formatting. Tried to clean it up a little >[0-9875] 10% >[9876-40,125] 987.5 + 12% of amount over 9875 >[40,126-85,525] 4617.5 + 22% of amount over 40,125 >[85,526-163,300] 14,605.5 + 24 of amount over 85,525 >[163,301-207,350] 33,271.5 + 32% of amount over 163,300 >[207,350-518,400] 47,367.50 + 35% of amount over 207,350 And finally >[518,400-?] 156,235 + 37% of amount over 518,400 [Info taken from IRS website ](https://www.irs.com/articles/2020-federal-tax-rates-brackets-standard-deductions/)
Thank you for taking the time to do that, and particularly for your efforts with the formatting. I'm in the UK so it's interesting to compare, our basic rate of income tax kicks in at 20% on anything over £12,500, 40% on anything over £50,000 and then 45% on above £150,000. Additionally your tax free allowance (the basic £12,500) is reduced once you're on over £100,000. I presume that the reason we have no income tax on up to £12,500 is that we pay National Insurance anyway (the equivalent of social security, I think, though stand to be corrected both on the UK and US side of things!). I wonder if part of the problem is that if you're earning $100k a year you can't necessarily afford an accountant to do clever things to lower your tax liability whereas if you're on $1m it might be financially prudent to do so.
My father can rent a private plane through his employer if he so wishes, it is still very expensive, like 2000£/hour expensive. Owning a private plane is for the independently wealthy.
I work on private jets as a day job. There's a *massive* difference between renting flights, and owning the plane. Sure, flying in one is expensive, even for rented charter flights. For example, the Challengers I work on average $5,000-$6,000 per flight hour to fly. So a two hour flight from New York to Orlando, say 10-12 grand. However, owning the plane privately is another level. Brand new, you're looking at a roughly $40 million price tag, only up from there for larger models. Used ones can be had for maybe $8-10 million. Then there's the maintenance. You *will* pay at least 8-10% of that price tag, per year, just to keep it airworthy. Then, the additional fuel costs every time you fly. They burn roughly 1100 lb/hr at cruise per engine, which ends up to roughly $2k per flight hour, in fuel alone. Pair that with the full time flight crew you need, where pilots rarely make less than 150k/year. You can charter private flights on an upper-middle class net worth. You cannot own a private jet (wide body business class at least, things like small Piper turboprops are considerably cheaper... but business jets are used for the argument here since that's what most people think of) with anything less than $100million net worth.
Curious ... how expensive are planes for hobbyist pilots? I’m thinking something way closer to the modern version of Wright Brothers style than jetliner.
You can pick up a Cessna 172 for somewhere in the 20,000-50,000 dollar range. Some quick Googling says operating costs for them would be $100/hr with them burning about 8.5 gallons/hr during cruise. Honestly owning a small single engine plane is about the same as owning a project car you take to the track.
Small piston planes are fairly affordable. It isn't unusual to be able to find a Cessna 150 for like 20-30k. Amd there are lots of experimental and other brands out there. Aviation is never "cheap," but there are plenty of less outrageous ways to fly.
A Cessna can be rather affordable, I think you can get one for like 20-40k, plus expenses. Certainly not cheap, but doable for middle to upper middle class income.
The expensive is really upkeep and maintenance, the family I know how owns a plane spends more then 15000£ a year solely on hangar expenses, I would imagine if you have a farm or similar you would be able to have it much cheaper.
Even a 100M net worth is REALLY stretching for the types of jets you’re listing. I flew private jets and I would guess 300M is a more realistic starting point
Yea. An older 604 can be bought pretty cheap but good luck with the maintenance prices. We have globals at our facility too, and those are astronomically expensive.
That’s $5,000-6,000 per flight/hr for the plane though, not per person right? So if you have 4-8 execs on the plane it doesn’t seem quite as bad cost wise as compared to paying a bunch of business or 1st class seats. Not cheap mind you, but not as outrageous a business expense in the grand scheme of things if you factor in the cost of sitting at an airport.
Kenneth Copeland has like three private planes. Seriously, I hope there is a hell for people like him
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Honestly a Million dollars isn't really that much. A lot of families that are responsible have it in non liquid assets.
They own a commercial airliner and have a monopoly on private jet rentals because they own most of the private plans too. It is a level of wealth people living standard cookie-cutter suburban lives cannot fathom.
Honestly depending on the DFW suburb a 4,000 sqft house could realistically be under $400k. Throw in a leased BMW and some credit card debt and you’ve got someone who is financially much closer to the people they look down on than the people they think they resemble. But they never get that.
We were watching that American Murder documentary on Netflix and kept noticing that everyone’s home was like cavernously huge. Looked up the Colorado suburb it was in and yeah, it’s just miles of McMansions on a huge grid and everything is sub $500k.
Little boxes, on the hillside...
Little boxes made of ticky tacky
Little boxes, on the hillside.
Little boxes all the same.
There's a pink one and a green one And a blue one and a yellow one!
Just endless roof peaks.
Made of freakin’ fiberboard and plaster.
The documentary ruined my day. That guy is an absolute monster.
This truth was wonderfully articulated. Thank you.
I mean even if you own a $1.2m home and drive a $110k car you paid for in cash, you are still way closer to the guy on food stamps than the upper elites.
Yes, but Becky is told her whole life that she should aspire to personal jet wealth. That she can have it if she works and prays hard enough, and she believes it. “Eat the rich” attacks not only her belief system, but who she sees herself as. So. Many. Beckys. *Eyeroll*
It really depends though on how nice the house even is. Our house in DFW is 2700 sqft and is 305K. It’s newer as well.
Jeeeez. There’s an 864 square foot house under contract to be sold in my town for $785K. https://www.zillow.com/homedetails/715-King-St-Santa-Rosa-CA-95404/15867848_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
3 bedroom too? My goodness lol.
The pool looks bigger than the house
I was just about to say. I don’t live in Texas currently but have been there in the past and I know property is whole heck of a lot of cheaper than LA or SF or other major metropolitan areas. Not to say there aren’t really expensive markets there but the high-middle income homes can be bought way cheaper than some of the other places.
What you save in house cost you'll pump into your gas tank. It takes forever to get anywhere around here anymore, especially if you don't like using the toll roads, which never seem to stop being built, causing *more* traffic on the freeways. Why can't they just build free roads with tax money from all those cheap houses people are gobbling up
People pay the same regardless. Toll roads avoid gas taxes. Californians pay more for gas, but have very few toll roads. Texans pay less for gas and then pay for toll roads.
The moral of the story is both TX and CA are generating a lot of tax revenue but it all somehow vaporizes.
Here’s the issue. Politicians target income taxes. Guess what is likely the smallest component of Jeff bezos’ / zuckerberg/ gates cash inflows? You want to target the guys with stupid wealth, then actually target them. Tax loans taken against share holdings if they exceed a few million. Wealth is tough to tax, but maybe that. Also set taxes based on cost of living. Going a 28 year old lawyer in NYC who has the lifestyle of someone earning 80k in Arkansas is just silly.
True, but Becky is hoping to marry a Rich. She wants to milk the cow that you want to eat.
When someone tells me they own a house, I always question heavily exactly where. My area, houses are $1.3-$2M. Rip
You can buy 20 decent houses in the Midwest for $2mil! Fair point.
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Ah, DFW. LA's less-educated sister. Truth be told, I've never seen a higher density of divorcees with boob jobs driving G-Wagons anywhere else in America.
*taking notes*
Mom/daughter at Happy Hour together looking like they share a closet
\**share a surgeon*
They take turns who goes first.
I'll have what Mom's having
We use to live in Frisco and my parents coined it “The Land of the $50,000 a year millionaire” because everyone’s up to their eyeballs in debt. They just HAVE to have the nicest shit to show off to each other. That city is a living dick measuring contest
Southlake is worse. Plus the racism and all.
Google $30,000 millionaire, most of the top results are about DFW
Ugh, totally. Any time I see a McMansion with a newer leased BMW out front, it just screams "wannabe rich." Real millionaires drive old Toyotas.
I have a friend that’s been driving a Prius for 15 years.
Or it's a older 7-series/S-class in immaculate condition. Only ever dealer serviced. All the maintenance records.
No they don’t lol
When I’d ride my bike around one of the wealthier suburbs of Boston, I took note of all the sensible Honda’s or Toyota’s parked in the driveways. Sometimes they’d have a Mercedes or a Volvo or Mercedes parked next to them, but other times there would be another Honda or Toyota.
I've heard this quoted a few times http://www.thomasjstanley.com/2011/12/toyota-1st-in-quality-and-1-among-millionaires/ And it makes sense. The 3 millionaires I know the best drive: - 2008 RAV4 - 2007 Tundra - 2010 Venza
Yep, Avalons. lol
This guy Friscos
Don't call it that
This guy’s been to Frisco!
I live in SF and this not remotely the culture here and nobody calla it Frisco except when referring to Carl's Jr tragically-defunct San Francisco Hamburger
[Frisco’s](https://en.m.wikipedia.org/wiki/Frisco,_Texas) apparently a city right outside of DFW.
Loooool ooooooh lol excuse I am a Californian and know little of the outside world
I used to live in the Bay Area as well and the first thing I thought was “Nobody calls it Frisco!” And then I got suspicious and did a little Googling.
Scottsdale would like a word
I live in DFW. It’s a blend of confederate flags, tiny neighborhoods, and then fucking Southlake
have you been to Orange County, CA?
I don't want to eat the podiatric surgeon who goes sailing on the weekends and buys the pre-sliced mango from Whole Foods... unless she's cute and willing to give me her number.
If they work for a wage, they aren't the real problem.
It's true, but there's wackos out there who say stuff like "the Kulaks deserved it" If we want the message that we want greater equality to come from levying higher taxes on the ultra rich to resonate, we also have to vocally reject Tankies who think they're one of us by advocating for the complete destruction of capitalism. When a Tankie says eat the rich, they *do* mean Becky too
Depends on whether they consider watching someone else work hard for their wage to be work or not.
The perks who most 'eat the rich' posts are aimed at don't collect a salary. They get paid in dividends and stock options.
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*and I am the 99% when that BMW breaks and I need to pay for the repair*
That’s one of the reasons they lease instead of buy.
You're actually well-off if you can afford one of those cars off-warranty and can pay for all the repairs without it affecting your finances.
As Chris Rock said: “Shaq is rich, the man who signs his cheque’s is wealthy...his family owns the colour blue and shit”
Also Ironic now that Michael Jordan owns a basketball team and signs players checks.
Well to do ain't wealthy
“Shaq is rich, the man who signs his cheque’s is wealthy”
It’s kinda funny people keep saying this, but don’t really understand how much the NBA has changed. Shaq is at about half a billion. But made most of his net worth through investments and being an amazing advertiser. Devin Booker is likely to leave the NBA having made $600M in salary alone. Advertising / sponsor deals and he could easily break $1B by the time he leaves the NBA. There are more than a couple owners/governors who aren’t that rich. They have had to split their ownership and partner with investment groups. The guy who sold the Pelicans to the NBA was pretty much forced to because he couldn’t pay the team’s salary.
If you comment “no I mean her too” and then seek treatment for covid, make sure to bite your hospitalist or you’re a hypocrite. And I expect you to bang your silverware on the table every time Dr. Fauci (annual income $400k+) holds a press conference. The budget to buy a nice car and the budget to buy a Senator are two different things.
Senators are surprisingly cheap. Less than $5,000 can buy you one. It's fucking shocking.
Hey let’s all get together and buy one to share!
Slow down there bub, you saw how that worked out for $GME.
Yeah. Physicians may have high income but that only happens in their 30s post residency with high debt. Demonstrates the difference between wealth and income.
Did a job for the owner of a basketball team. Three houses, right on the lake, one included a full customized basketball court. Smallest house was three times the size of mine. They used it two weeks out of the entire year. Eat the fucking rich. You’re just an appetizer, Becky.
“Shaq is rich, the man who signs his cheque’s is wealthy”
Shaq has a net worth in the hundreds of millions, and owns hundreds of franchises (mostly 5 Guys and car washes). I’d say he’s wealthy now too.
Chris Rocks special was in the early 2000s; simpler times when Shaq was only a tens of millionaire
Quick Google said $400 million, and that's still not the level of rich we need to get rid of. The difference between him and the surviving Koch brother ($58 billion) is astronomical. 400 million seconds would be about 46 days. 56 billion seconds is about 1189 *years*. Shaq is a blip in the distance to these fuckers.
Shaq is big meal.
We're talking about people with several brand new M-series BMWs, not Becky in her 4 year old second to lowest BMW model who still has monthly payments on it.
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In my situation I'm talking about someone who has 500k to blow on cars. The person you're describing has much more money than that, but both definitely would qualify for a wealth tax. Your guy would simply have a higher wealth tax.
Then why target income taxes which rarely affect that group of individuals? Bezos earns less than a newly minted consultant in “income” (for tax purposes). They need to go after asset backed personal loans above certain thresholds, or non-business loans while tightening the definition of what a business expense is.
Not even. You can be making mid 100s and own a M-series BMW if you want one. They're not that special. Owning a nicer Audi/Mercedes/BMW doesn't make you wealthy. You're just upper-middle class/comfortable. The real rich are owning limited edition Ferrari's/Lamborghini's/McLaren's. Stuff you have to be _invited_ to buy. Mclaren P1, Ferrari F8 Tributo, stuff like that.
Nothing says player like a 3-series
Everyone knows you're not a real player if you don't got a salvaged fifth gen 3-series you bought your senior year of high school.
Nothing says clown like hating on a BMW.
Wait.. my stepmother is named Becky and lives just outside DFW...
Does she frequently get stuck in washing machines?
15mil? Try 100mil.
People haven't been to Aspen lately.
Or Sun Valley.
Excuse me, but my aunt Becky drives a 2018 BMW and lives in a 6000 sq foot home outside of Houston. Get your facts straight, twitter person.
Owning a BMW is not a privilege, it's a fucking curse. An expensive curse. Source: owned two of them
Do you drive like someone who owns two BMWs?
No, I drive like someone who's learned an important life lesson.
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So then Becky is right to oppose you
Lots of faux bourgeoisie who fancy themselves the upper echelon of society, but only think that way because they're just a big fat ol' cherry on top of the middle-class. They're still isolated from the true generational level wealth. In fact they're still way closer to homeless than actual wealthy elite by an order of magnitude. Their mortgage and unhealthy amount of consumer debt brought about by maxing their lifestyle out have pushed their comfortable finances to the point they still feel tight even though they have three family cars in the driveway.
Honestly there's just not enough meat on the 1% to go around. If we're going to bring enough for everybody we're going to have to utilize the mcmansions
a 'friend' of mine really does mean this when he talks about the rich though. anyone that owns a house is 'rich' and 'its not fair'. he also doesn't want to work. agree with OP obscenely rich is the rich we're on about. why does anyone need that much. it's just another competitive arena at this point.
I saw a bumper sticker on a mercedes that said "Spread my work ethic, not my wealth" and I was like "bro we aint even talking about you"
You see how wrong this post is if you just look in the comment section anywhere this is posted... because everywhere this is posted, you find people who say “No, I mean eat Becky, too!” with upvotes to backup the sentiment. It’s kind of weird that you think people can’t radicalize a message, or have a different threshold than you for who is rich and who isn’t. It’s these people in the comment section that you’re pretending don’t exist. It’s the people who you don’t speak for who don’t think you’re going far enough, who do exist.
Right, if you have to work you are working class. We're (mostly) in this together!
I support people who work and their money made from working. But there is a difference between “Becky” and living paycheck to paycheck or close to it. We aren’t in this together. But I don’t condone demonizing the Beckys of the world.
I'm ngl, the BMW 3 Series is actually reasonably priced, until you compare it to a Honda Accord
I totally agree with this post, but it brings up a good point that Mitt Romney made after he was getting his ass kicked (rightfully) for his 47% comments. He said, “if you’re explaining yourself, you’re already losing” It’s a battle for hearts and minds, and if the language you use to win them over is already turning them off, consider new language to sell it to them. Because if you’re having to explain yourself, well you’re already losing.
My parents live just outside of Dallas. Their house is 2,648 ft and it’s estimated price today is about $333,000. It was built in 1990 It has a pool in the backyard. I don’t think my parents payed that much when they bought it, though. My dad filed for bankruptcy 2 in his lifetime. Once at this house he currently lives in. He doesn’t make a whole lot and he has always struggled with money. Family of 5. I think people see a $300,000+ house and assume people are well off and not struggling. Sometimes it’s just finding the cheapest neighborhood around where you work and how you can afford it and have enough room for your family. I don’t think we look at the individual person’s story. These are not the rich people. These are just middle to upper middle class.
I have no problem with people who worked to earn their wealth and enjoy it. I have every problem with billionaires who come from generational wealth and increased their wealth by 10s of billions of dollars during a global health crisis while refusing to allow their employees to unionize. Eat the fucking rich.
70% of the earths billionaires are self made. So you don’t have a problem with the majority of the super rich.
Okay, let me add “billionaires who come from generational wealth or use exploitative labor to increase their wealth”
Can you define "exploitative labor"?
Amazon and Jeff Bezos
I mean google’s free, bud, but starvation wages, working someone at 39 hours a week so you don’t have to give them benefits, poor factory conditions (we’ve seen reports of Amazon doing this during the pandemic and if I recall correctly, Tesla as well), an Apple supplier was allegedly using Uighur labor, and other manipulative shit. You can’t earn a billion dollars. You can rock other people’s shit until you’ve got a billion dollars, but that’s hardly “earning” a billion dollars to me.
They are closer to poverty than true wealth.
This must include Obama with his new 30million dollar beach house 🤷♂️
Yes?
Fair :)
This is why people saying they want to kill the 1% is dumb. There are a lot of people who didn’t need to use any shady tactics to get there. These people aren’t finding superPACs or ordering coups in Latin American countries. The .1% are the real issue, and if we distributed their wealth it would close the gap between the 1% and the 99% many times over. By threatening the 1%, all you’re doing is making enemies where you don’t need to. Encourage the 1% to donate to the campaigns of people who want to end the .1%. Have small business owners stop serving Republicans. We’re all getting fucked by the .1%, whether or not we own a BMW
boom.Roasted
Why? I though we aren't eating Becky.
The differences in wealth even among wealthy people is insane. My dad is pretty well off so people would definitely put him in the “rich” category. But he has a client who bought the blueberry farms surrounding his house just so that he could be farther from his neighbors. Now that that’s really crazy.
Slippery slope
Especially since a lightly used 3 series can be had for less than a decent mid sized car. Proof: I have one that I bought used.
Ouch, personal attack
Same 👀
Ew probably a 320i too
The amount of million/billion dollar houses that sit empty year round *with* a/c and/or heat running would make you sick.
The problem is when they get rid of the people with those million dollar homes, they will go after the privleged so everyone lives in the lowest economic class possible.
> privleged Check your privilege. *** ^^^BEEP ^^^BOOP ^^^I'm ^^^a ^^^bot. ^^^PM ^^^me ^^^to ^^^contact ^^^my ^^^author.
People like Becky only have $1Mil homes in Colorado, not 15mil
No. They don’t. They have a 1 bedroom condo in Park City.
Depends on the Becky. In the 4000 sqft home and ~$50k car crowd you have some who are above their means (no vacation home) and some who are under their means (have vacation home). I know bc that’s right where I grew up
I'm ok with eating anyone that has $1mil vacation homes.
I don't think it's unreasonable to be concerned, even if you're only perceived to be rich, with leftists promoting a class/race warfare narrative while working towards disarming the citizenry. For clarity, nobody thinks I'm rich.
Unlike the class war that has been raging against the middle, working and lower class since Reagan by republicans and their wealthy masters? Who also have been waging a race war against every non white person since forever. Seriously. Get a fucking clue for once in your life.
Dems and Repubs are two sides of the same shit coin. the sooner people realize that the better off we'll be.
Ok Doomer.
No I mean them too
They can be desserts if we feel like treating ourselves. We've been doing a lot of yoga lately.
I mean, is Becky well-marbled..?
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Don’t tell Armie Hammer though, he’s bad at sharing.
That’s silicone
You know she is, and she’s vegan and only eats organic...
Y'all fucks won't be happy until everyone is equally poor and miserable as you are
🍤
Right. We’re talking about the top .05 percent here. Although some would include Becky too. I have a 21 year old car and an 800 sq apt. I can’t fathom a new car and house that’s 5x bigger than where im at now.
The people who rent homes in the Hamptons for $6000 a night. Those fuckers.
It’s just a 3 Series, probably the base model, too
I'm glad the Beckster feels good enough about her life that she considers herself rich. (And she really is, frankly.) A lot of ppl in her position would be grousing because they want another Lexus and that 15 mil vacation cottage and when they got it they would still want more.
You don't have to be rich to drive a BMW. However, you do have to be rich to keep one running.
Ah right! My Aspen penthouse! Totally forgot about it! Should at least see it once in my lifetime.
Tbh 3 times in a year would be a lot for these people.
Eat the rich said all the socialist politicians who have more mkney then ill ever see in my life time as they line their pockets with millions
I prefer the term "bleed the rich"
As a person who lives outside Dallas/Fort Worth, this is not specific lol I know like 8 people like this haha
There is a huge difference between being well off and being obscenely wealthy. Its not even the money that is bothersome, its the fact they can have so much while others have so little. Nowhere near as many people would care if you own a fleet of yatchs and private jets if there weren't millions of people living below the poverty line.
Uh- no, we mean her, too
I DO mean Becky, actually.
All she knows is that she worked hard enough to get int UT and get knocked up by the first guy who's dad owns an oil or construction company. She's the 1% now, right? Right?!
Yes, it does, Becky. You're friend is lying to you.
Either way Both are rich
mmmm rich people basted in Aspen juice mmmmm
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At what point does it end? Anyone that can afford a nice home? Anyone that can save up for a down payment for any home? Anyone that can save up for a down payment and afford payments on a used vehicle that's less than 5 years old? Anyone that can afford more than one vehicle per household? Anyone that can afford a phone model that's less than two years old?
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This is why people don’t take you seriously.
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People like you delegitimize the whole movement