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DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Rs want to pay 70% of ear... » Reply #30

Response to stopbush (Reply #10)

Mon Jul 27, 2020, 12:52 PM

30. I'm not arguing with your point, just trying to figure this out.

Some things to keep in mind:

The very high wage earners you're talking about also get huge bonuses, and have a much easier time obtaining loans than medium or low income workers. It's not fair, but such employees have an easier time accessing capital in general.

They are likely to have a high net worth overall, separate from their annual salary.

They are more likely to have equity holdings they can liquidate for cash should the necessity arise.

This is one reason that people earning over a certain amount of money didn't receive stimulus checks. Having more money does make a difference because assuming you're sensible and prudent, you have a cushion.

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stopbush Jul 2020 OP
Sherman A1 Jul 2020 #1
stopbush Jul 2020 #2
Sherman A1 Jul 2020 #3
Sherman A1 Jul 2020 #9
LakeArenal Jul 2020 #29
MrsCoffee Jul 2020 #4
FBaggins Jul 2020 #15
durablend Jul 2020 #22
FBaggins Jul 2020 #27
House of Roberts Jul 2020 #6
Mike 03 Jul 2020 #5
uponit7771 Jul 2020 #8
stopbush Jul 2020 #10
LineLineLineNew Reply I'm not arguing with your point, just trying to figure this out.
Mike 03 Jul 2020 #30
stopbush Jul 2020 #32
Mike 03 Jul 2020 #33
Buckeyeblue Jul 2020 #7
stopbush Jul 2020 #12
Buckeyeblue Jul 2020 #20
Johnny2X2X Jul 2020 #11
stopbush Jul 2020 #13
Johnny2X2X Jul 2020 #19
Mike 03 Jul 2020 #16
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stillcool Jul 2020 #26
dlk Jul 2020 #14
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underpants Jul 2020 #17
stopbush Jul 2020 #25
underpants Jul 2020 #28
obamanut2012 Jul 2020 #31
MoonlitKnight Jul 2020 #35
underpants Jul 2020 #36
RainCaster Jul 2020 #18
stopbush Jul 2020 #24
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