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Post Reply Is it no longer a big deal to be a millionaire?
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24 / M / USA
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Posted 8/8/15
By that I mean liquid assets worth a million. Say for example someone lives in an average suburban home(say 300-400k), has a decent car and a steady income and he has a net worth of one million dollars. And if you are trying to build your wealth it is now much harder due to higher taxes on income. Tax the rich, and they end up raising taxes on people who earn income who are not rich.

Truly rich people do not work for wages as politicians want people to believe. Why do they want people to think that? So they can get the financially uneducated worked up to support raising taxes therefor funneling more money to government and make people think they are sticking it to the rich.
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38 / M / Kansas
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Posted 8/8/15
It's no big deal to the bourgeois, modern millionaires are merely petit bourgeois. But it's still a big deal to proletariat such as myself.
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24 / M / USA
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Posted 8/8/15
It's still a nice living. I don't get it. Taxes are what they are, but they don't make you poor lmao.

If it's no longer a big deal someone throw me a million. I would love to take it off your hands.



Posted 8/8/15
Maybe to other millionares. To those who have never been poor. Pfft.
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24 / M / USA
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Posted 8/8/15

PrinceJudar wrote:

It's still a nice living. I don't get it. Taxes are what they are, but they don't make you poor lmao.

If it's no longer a big deal someone throw me a million. I would love to take it off your hands.





Wait before I give you a million I have to know if your worthy! So the question is do you or do you not like SAO?
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24 / M / USA
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Posted 8/8/15

biscuitnote wrote:

Wait before I give you a million I have to know if your worthy! So the question is do you or do you not like SAO?


If yah checked my profile mate, it's quite obvious I enjoyed the first arc of SAO.

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20 / Cold and High
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Posted 8/8/15
Money will be so worthless that everyone becomes a millionaire...

Hey look now my neighbor becomed a millionair like my sister.
Oh damn they made my dog a millionair too?!

Where will this end?
*got nuked 2121 by billionairs*
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24 / M / USA
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Posted 8/8/15

PrinceJudar wrote:


biscuitnote wrote:

Wait before I give you a million I have to know if your worthy! So the question is do you or do you not like SAO?


If yah checked my profile mate, it's quite obvious I enjoyed the first arc of SAO.



Ah I don't click profiles to bad you coulda been a contender
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23 / M / Apple Valley, CA
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Posted 8/8/15
Here's the thing that people don't understand; a million dollars now isn't worth as much as it used to be. The goal used to be to save up a million dollars for retirement, but nowadays, if you live for 30 years after retirement.. a million is nothing. Especially with inflation. So in a sense, no. Being a millionaire doesn't really mean much, and a million doesn't last for very long. It's still a nice goal, though.
Posted 8/8/15
There are million dollar homes in my neighorhood but I'm far from a millionaire myself.

That's the problem with America. The gap.
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24 / M / USA
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Posted 8/8/15

AiYumega wrote:

There are million dollar homes in my neighorhood but I'm far from a millionaire myself.

That's the problem with America. The gap.


People are not equal in skill and ability and wages reflect that.
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27 / Naked in a pine tree
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Posted 8/8/15

AiYumega wrote:

There are million dollar homes in my neighorhood but I'm far from a millionaire myself.

That's the problem with America. The gap.


There's really a big, wide, spread open gap isn't there.
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27 / Naked in a pine tree
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Posted 8/8/15

biscuitnote wrote:


AiYumega wrote:

There are million dollar homes in my neighorhood but I'm far from a millionaire myself.

That's the problem with America. The gap.


People are not equal in skill and ability and wages reflect that.


So does heredity, location, and what time you're growing up in.
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24 / M / USA
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Posted 8/8/15

netdisorder wrote:


biscuitnote wrote:


AiYumega wrote:

There are million dollar homes in my neighorhood but I'm far from a millionaire myself.

That's the problem with America. The gap.


People are not equal in skill and ability and wages reflect that.


So does heredity, location, and what time you're growing up in.


There is a component of luck sure but 2015 america is far from a dystopian nightmare.
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23 / M
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Posted 8/8/15
base salary for a congressman is 174,000 per year.

Assuming they can save 50,000 of that per year, the time it takes to be a millionaire is 1,000,000/50,000 = 1000/50 = 100/5 = 20 years, with no interest or inflation.(keeping the math easy) What that basically says, is that every person who's been in congress for 20 years has practically no excuse not to be a millionaire.

Some professions, like say, medical doctors, can get paid $500,000 or $1,000,000, in a single year. They are certainly working. Something like 47% of millionaires own their own businesses 23% by being paid to work and 16% inherited it.
https://en.wikipedia.org/wiki/Millionaire

I've also heard that people who inherit money tend to squander it within about three generations.
Anyway, if you want money, start a successful business.
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