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Wed Jan 16, 2013, 09:13 PM

What Planet is the WSJ living on?



How many single parents do you know make over a quarter million dollars… Or retirees that make almost two hundred grand?

http://online.wsj.com/article/SB10001424127887323689604578220132665726040.html

13 replies, 893 views

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Arrow 13 replies Author Time Post
Reply What Planet is the WSJ living on? (Original post)
MrScorpio Jan 2013 OP
liberal N proud Jan 2013 #1
Courtesy Flush Jan 2013 #2
MrScorpio Jan 2013 #3
longship Jan 2013 #8
Brother Buzz Jan 2013 #4
hatrack Jan 2013 #5
Canuckistanian Jan 2013 #10
Iris Jan 2013 #6
unblock Jan 2013 #7
JaneyVee Jan 2013 #9
Bigmack Jan 2013 #11
Speck Tater Jan 2013 #12
bigapple1963 Jan 2013 #13

Response to MrScorpio (Original post)

Wed Jan 16, 2013, 09:18 PM

1. They are talking to their target reader, the 1%.

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 09:32 PM

2. I love the image of that married couple with kids

They have such downtrodden expressions, like they just don't know how they can keep things together on $650,000.

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Response to Courtesy Flush (Reply #2)

Wed Jan 16, 2013, 09:33 PM

3. It's really hard to live on that little. nt

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Response to Courtesy Flush (Reply #2)

Wed Jan 16, 2013, 10:10 PM

8. The poor, poor dears!



So sad. I bet they're starving on a piddly $650K a year.

Poor, poor dears!


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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 09:38 PM

4. Planet Murdoch

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 09:51 PM

5. It's the Planet Of The People Who Really, Really Matter

You and I need not apply.

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Response to hatrack (Reply #5)

Wed Jan 16, 2013, 10:17 PM

10. It's a big club

And you ain't in it.

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 10:08 PM

6. Obscene.

That is all.

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 10:09 PM

7. they all have investment income of at least $25,000.

that comes to a 5% taxable return on the $500,000 portion of their wealth outside of retirement accounts and other shelters.


how can anyone give a crap about a tax difference of about $3,000 for people in such situations?

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 10:12 PM

9. I feel terrible for that married couple with children who have to survive on only $54,166 per month.

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 10:20 PM

11. I posted this on FB....

... and added this.

Back here on earth, only 1.5 % of households earn more than $250K, the median income of real people is $46K, the median income of single moms is $25K and blacks make up 1/100th of the 1% of families who make more than $500K. The median income for black senior families is $35K. That black senior couple making $650K in the cartoon.... as rare as a banker with a sense of guilt.

Got a lot of outrage, but then my FB friends are mostly Progressive and Leftist.

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 11:25 PM

12. When the great hunger comes and they have to scrounge for their own food,

 

the 1% will be the first to perish.

They consider themselves self-sufficient because they know how to open a jar of caviar without any help from the butler. Their world bears no resemblance to reality.

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Response to MrScorpio (Original post)

Wed Jan 16, 2013, 11:29 PM

13. ok

 

this is about what someone in New York makes in finance/law/medicine after 10 years.

The investment income seems on the high side given where interest rates are.

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