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Have the Rich Gone to War Against the Poor and Middle Class in America?

Magic Man

Reaper of Conversation
I'm sure you could but please don't. You have proselytized your opinion enough.

Ah, I see. So, your new thing is calling anything you disagree with "proselytizing". Great, good thing they made you staff, huh? :rolleyes:

So, anyway, do you see how bad your argument about a millionaire not being rich is now?
 

Magic Man

Reaper of Conversation

Is there a point to that read? They are basically saying the definition of "rich" is subjective. That may be, but I don't care who you are, if you have $1 million, you're rich. If you can afford to have a nice house in a nice neighborhood, with 2 or more nice cars, no payments other than insurances and daily needs, with over $100,000 in the bank, you're rich. That doesn't mean there aren't different levels of rich.

This is why you should pay attention to what others say. The person with a 5-bedroom home in Howard County, MD (one of the richest counties in the country) may not be as rich as the person with a 3-bedroom apartment overlooking Times Square, but that doesn't mean they're not both rich. It just means one is richer than the other. See how that works? Again, that would be something I'd expect you to know with your MBA.

As far as the article goes, I'd love to have $100 million. That way I could set up my family and friends for life, and donate lots of money to charities, and have a really nice house where I want to live, and travel a lot. However, I don't need that much to consider myself rich. Yes, it takes more these days to be set for life than it did 20 years ago, but that's because of a little thing we call inflation, a term I'd expect you to be familiar with considering your MBA. But having $1 million is still rich.
 

Reverend Rick

Frubal Whore
Premium Member
Is there a point to that read? They are basically saying the definition of "rich" is subjective. That may be, but I don't care who you are, if you have $1 million, you're rich. If you can afford to have a nice house in a nice neighborhood, with 2 or more nice cars, no payments other than insurances and daily needs, with over $100,000 in the bank, you're rich. That doesn't mean there aren't different levels of rich.

This is why you should pay attention to what others say. The person with a 5-bedroom home in Howard County, MD (one of the richest counties in the country) may not be as rich as the person with a 3-bedroom apartment overlooking Times Square, but that doesn't mean they're not both rich. It just means one is richer than the other. See how that works? Again, that would be something I'd expect you to know with your MBA.
No, it means one is well off and the other is rich. What is your definition of well off and how does it differ from being rich Matt?

I guess if a person has set the bar low, a million may seem like alot. 5 million makes a better clear cut distinction.

If you have to continue to work and cannot live anywhere you want or travel at will, you are not rich, you are well off.

Did you even read the article? A million in the bank will get you 40,000 in interest. That is not rich. Even by the lowest definition of rich, (120,000 a year) you would need 3 million.

A person who is "land rich" and owns a farm worth over a million may not have a six figure income. They are not rich.

It is so narrow minded to say a man who inherited a million dollar farm should have to sell it and buy a house and a couple of cars.

You see, to be truly rich you have more than you need and pass the wealth down for generations.

I guess if you where 12 years old and had 100 dollars some could make a case that the kid was rich. :facepalm:
 

McBell

Admiral Obvious
No, it means one is well off and the other is rich. What is your definition of well off and how does it differ from being rich Matt?

I guess if a person has set the bar low, a million may seem like alot. 5 million makes a better clear cut distinction.

If you have to continue to work and cannot live anywhere you want or travel at will, you are not rich, you are well off.

Did you even read the article? A million in the bank will get you 40,000 in interest. That is not rich. Even by the lowest definition of rich, (120,000 a year) you would need 3 million.

A person who is "land rich" and owns a farm worth over a million may not have a six figure income. They are not rich.

It is so narrow minded to say a man who inherited a million dollar farm should have to sell it and buy a house and a couple of cars.

You see, to be truly rich you have more than you need and pass the wealth down for generations.

I guess if you where 12 years old and had 100 dollars some could make a case that the kid was rich. :facepalm:
Thank you so much for showing just how subjective the terms "rich" and "well off" actually are.

In fact, you have just furthered MY point.
You give me one million dollars and I will be rich.
I can live the rest of my life comfortably without me or my wife ever HAVING to work again.
that fact is what I base my having a million dollars makes me rich on.
 

Magic Man

Reaper of Conversation
No, it means one is well off and the other is rich. What is your definition of well off and how does it differ from being rich Matt?

No, it means there are different levels of rich. If you own your home and your cars outright, don't have to work and you can still take expensive trips and buy nice things you're rich.

If you have to continue to work and cannot live anywhere you want or travel at will, you are not rich, you are well off.

Not quite. If you don't have to work and can travel at will, you're rich. Living wherever you want is not a qualification, unless, like you, you're trying to set the bar too high.

Did you even read the article? A million in the bank will get you 40,000 in interest. That is not rich. Even by the lowest definition of rich, (120,000 a year) you would need 3 million.

You're forgetting one thing: You already have $1 million in the bank. If I don't have a mortgage payment or car payment, and I am making $30,000 a year off the money I have simply in a savings account, I'm rich.

A person who is "land rich" and owns a farm worth over a million may not have a six figure income. They are not rich.

Then again, they don't have $1 million, do they?

It is so narrow minded to say a man who inherited a million dollar farm should have to sell it and buy a house and a couple of cars.

Who said that? You're moving the goalposts.
 

Watchmen

Well-Known Member
Premium Member
To answer the OP, I do not believe the rich have gone to war against the poor...at least, not recently. Rather, I believe the rich have almost always been at war with the poor. Indeed, our system is based on having winners and losers. Ultimately, such a system will create rich and poor as winners keep on winning and losers keep on losing. Then, it gets to a point where the rich can create a system, changing the rules and preventing the poor from ever being competetive again.
 

dust1n

Zindīq
I don't see how mball was proselytizing Rick, should mball back down in his argument? This is in the political debates forum, after all.
 

Reverend Rick

Frubal Whore
Premium Member
I'm not going to discuss moderation folks, so give it up. The proper place to discuss any moderation issues would be site feedback.
 
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Reverend Rick

Frubal Whore
Premium Member
You see, the difference between us is, you think everyone should be a Liberal socialist like you. :yes:

You actively seek to change how people think about a subject. That is seeking conversion which you have admitted to. :sorry1:

You see, when we debate, we should debate each others argument not seek to convert each other to the opposite opinion. :foot:

I don't want Matt to become an evil capitalist, that would be unfair competition for me. :p

Disclaimer: This is the sole opinion of me personally about the moral elements of debate in general. Respect and tolerance for the other side is key when debating.

It is the ultimate insult to try to convert someone don't you think?
 

Kathryn

It was on fire when I laid down on it.
My parents have worked hard all their lives. They are in their seventies.

My father owned a small business. In fact, they only had three employees - themselves and one other person for clerical help. They paid that person well, including a nice benefits package that included education benefits, bonuses, and vacation.

My dad's dad had a farm that has been in the family for 120 years. My grandmother worked at a drug store for 40 years, lived in a small frame house, and somehow - SOMEHOW managed to save $100,000 over her frugal lifetime. (his parents were divorced.)

My dad inherited these since he was an only child. He invested the $100,000 wisely and has made some more money off that. He has mineral rights and timber rights on the farm and those are income producing as well. He manages his property well.

Technically, my parents are millionaires now. But every bit of their money is the direct result of our family's hard work - over 100 years of hard work.

How is it fair that their "wealth" be redistributed to others who have not worked for this land and income producing property? And when I inherit this, and continue to maintain and grow the income from this place - remind me again why Uncle Sam should get 1/3 of it in the form of an inheritance tax? It's already been taxed, over and over again.
 

Willamena

Just me
Premium Member
No, it means there are different levels of rich. If you own your home and your cars outright, don't have to work and you can still take expensive trips and buy nice things you're rich.
That's right. The homeless person with a bicycle, who can collect far more pop bottles than the guy on foot, and has a sturdy abandoned barn to sleep in, is rich.
 
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