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In Reply to: RE: Whether I am rich or not depends on how I define rich on the test posted by Goober58 on May 7, 2021 at 12:24:24:
I should have said income and not wealth as you point out, they are completely different animals. The truly rich, like billionaires may not have much income because their wealth is in real estates, stocks, etc. At the same time, they may not need high incomes to maintain their lifestyles.Where there is a high turnover is in the high income group that does change a lot from year to year. That why the tax the rich mantra is unlikely to be much of an issue to those billionaires, it hits the high income folks that aren't necessarily super rich.
-Rod
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Follow Ups
- RE: Whether I am rich or not depends on how I define rich on the test - Rod M 05/7/2112:57:22 05/7/21 (8)
- I doubt many billionaires live modest lifestyles and keep their cash in a mattress. - Rick W 12:32:45 05/8/21 (0)
- That's the problem I have with tax the rich - Goober58 13:41:46 05/7/21 (6)
- You heard very very wrong. nt - tinear 18:24:27 05/7/21 (5)
- No I heard correctly - Goober58 19:55:50 05/7/21 (4)
- RE: No I heard correctly - rivervalley817 21:17:07 05/7/21 (3)
- I always think that maybe if I work REALLY heard. . . - Chris from Lafayette 10:45:13 05/9/21 (2)
- RE: I always think that maybe if I work REALLY heard. . . - fantja 23:41:51 05/9/21 (0)
- RE: I always think that maybe if I work REALLY heard. . . - rivervalley817 22:43:08 05/9/21 (0)