Quote:
Originally Posted by VVG
Ever hear the term "idle rich". This is what you are referring to. There is also the "working rich" which is probably the category that most M3 owners belong to. Sure there is money, but we have to keep working to sustain the lifestyle.
The problem is that you can't really lump the "top 1%" together. Here's why:
Example:
20th percentile=$20,000
99th percentile=$350,000
This is a factor of 17.5 over 79 percent of the population. The top 1%, however spans over a factor of 1000, if you take $350,000 as the bottom and $350,000,000 as the top (which is still a very conservative top number)
The top of the top 1% is in a far, far, far different place than the bottom of the top 1%.
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Thanks for making me feel like a stupid worthless person
