General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDo you wish you were rich?
I would define rich as having assets of greater than 8 million dollars and an independent after tax net annual income of greater than $300,000. That is approximately what it would take to just make it into the 1%.
12 votes, 2 passes | Time left: Unlimited | |
No, being extremely wealthy would run counter to my core progressive values | |
1 (8%) |
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The rich are our class enemies. "Is their ought we hold in common with the greedy parasites who would lash us into serfdom and crush us with their might?" | |
0 (0%) |
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Both #1 and # 2. | |
0 (0%) |
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It not a matter of politics or even philosophy - but I am just reasonably content without being rich and don't wish to have those complications in my life. | |
0 (0%) |
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I would like it very much and think it would be just great and a whole lot of fun. Besides I can and would do a whole lot of good with that money. | |
10 (83%) |
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Dom Perignon is the most fabulous drink the world has ever known. | |
1 (8%) |
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2 DU members did not wish to select any of the options provided. | |
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Disclaimer: This is an Internet poll |
Xyzse
(8,217 posts)I like the security and stability it can provide, but it isn't a big thing.
NuclearDem
(16,184 posts)My values don't change with the size of my bank account.
Lots of good independent outlets that could use a hefty donation.
VanillaRhapsody
(21,115 posts)NuclearDem
(16,184 posts)VanillaRhapsody
(21,115 posts)NuclearDem
(16,184 posts)No, I meant like Democracy Now.
VanillaRhapsody
(21,115 posts)one never knows in these parts....
Douglas Carpenter
(20,226 posts)corporate news is something I would want to support in a major way if I had major financial resources.
Warpy
(111,410 posts)and left me enough to live on but not enough to ruin my life.
I am delighted to be in the lower middle class at last but I'd really hate to have to keep track of more than I have.
I am especially glad that it's not quite enough to make me a target come the revolution.
Because my mother came from serious money (all gone in the Depression), I was brought up able to speak the language of old money. Fortunately, a lifetime in the working class has made it impossible to buy any of what they believe.
MillennialDem
(2,367 posts)I wouldn't have to work.
Would I keep working at a $300,000+ a year job or try to make myself uber wealthy? No. Just enough to never have to work. $2 million is definitely enough. $1 million probably is too, but borderline.
KatyMan
(4,214 posts)being Romney or Gates level rich would, of course, be nice (especially when donating massive amounts of money to Planned Parenthood, a Wendy Davis PAC, etc), but ultimately we'd be happy to be able to live our current lifestyle without having to work. I'd even be willing to tone it down a notch in exchange for no working (not that we have a luxury flamboyant lifestyle but you know what I mean).
Douglas Carpenter
(20,226 posts)with a secure retirement program. Times have changed.
Art_from_Ark
(27,247 posts)someone who can consistently keep a month's wages in the bank is "rich".
seaglass
(8,173 posts)just as much bad as good. I would like being able to give to others and to take care of my family financially but I think it would change those relationships too.
Plus I would not like to compete with others in my income bracket for who has the best stuff, I don't like those kind of people in my income bracket and I think there would be many more of them in higher brackets.
But I do want to quit my job badly.
So again, not sure.
shenmue
(38,506 posts)JaneyVee
(19,877 posts)Throd
(7,208 posts)MicaelS
(8,747 posts)I could retire, travel, and help out some friends. Donate money to the local homeless shelters and food banks.
Jgarrick
(521 posts)As for what to do with the money, I'm reminded of someone who had just won the lottery. When asked what they knew what they were going to do with the money, they answered, "Um...enjoy it?" while looking at the reporter as if they were crazy.
winter is coming
(11,785 posts)But damn, to have enough money to be in the middle class again, and not lying awake worrying about money -- that I'd take in a heartbeat.
Nye Bevan
(25,406 posts)I would live in such a way that nobody would really even realize I was rich.
FreeJoe
(1,039 posts)I make about 10x what I did at the start of my career. I'm not "do whatever I want all day and fly around the world" rich, but I live very comfortably. I have found that my life has improved as my income has increased, but that the rate of improvement has been slower as my income has gotten higher. In other words, earning $75,000/yr is MUCH more pleasant than earning $37,000/yr. Earning $150,000/yr is noticeably better than $75,000/yr, but the improvement is not nearly so dramatic. As you keep doubling that, I suspect that things get better in some ways, but the major improvements are probably already over.
The biggest improvements I've seen from having money are:
1) Not having to worry as much about money. I no longer worry about being able to feed myself or my family, making my rent payments, etc. I just take it for granted that I'll have enough money for the basics.
2) A nice place to live. Our house is comfortably large, in a neighborhood with great neighbors, and with great schools. Our older homes felt cramped at times. On the other hand, I have friends that have "moved up" from our neighborhood and they complain about the lack of neighborliness in their new locations.
3) The additional freedom of being able to do more different things.
If I was offerred tens of millions of dollars, I wouldn't turn it down, but I would worry about whether it would make my life better or worse. I can say this for sure, if I had that kind of money, I wouldn't let anyone else know. Money doesn't just change you; it changes how people relate to you.
oneofthe99
(712 posts)Where I didn't have to worry if what I'm saving will be enough to last me for retirement
or if I was to lose my job how would I pay a mortgage or afford to have my car fixed if it broke.
It would be nice to have a 2 million dollars where these things wouldn't be a concern.
Hell never mind , just a million would accomplish this
BKH70041
(961 posts)But my clients pay me handsomely to do so. And it's something from which I also benefit.
el_bryanto
(11,804 posts)That's very appealing.
Also I would like an Aston Martin.
Bryant
herding cats
(19,569 posts)Not that your estimation of where the 1% begins is off, it's just what I consider mega rich. I'd be very happy with say 2 million in assets and half of your $300,000 in income. I'd consider myself very well off, rich even.
I just realized I've never even tasted Dom Perignon. I doubt I ever will. Even if I had the money I mention above, I don't know if I could waste it on extravagances like that. What I would do is buy well made shoes and clothes, and enjoy having things that fit properly and don't fall apart after their first few washings.
Douglas Carpenter
(20,226 posts)Last edited Wed Apr 23, 2014, 03:22 PM - Edit history (1)
"Brothers! Come quickly! I am drinking stars!" - Dom PerignonDom Pierre Perignon, O.S.B., (December 1638/January 1639 14 September 1715) was a French Benedictine monk
"My only regret in life is that I did not drink more champagne." - John Maynard Keynes (on his deathbed)
herding cats
(19,569 posts)That seems a worthy event to try something so special.
Douglas Carpenter
(20,226 posts)I might suggest serving it very cold and with strawberries on ice if you want something sweet and not too expensive. Although beluga caviar for something really classic and admittedly considerably more expensive
Zorra
(27,670 posts)ever had a whole lot of money, but I've been blessed with good health, had lots of free time, been able to make a living doing things I enjoy, have been able to travel, had one great love, and always had more than I really needed. My kids are grown, I have 2 young grandchildren, with another arriving soon.
I'm one of the happiest people in the world, my life is full of joy, and I truly believe that having large quantities of money would put me in a condition of poverty, and if I could be granted one wish, I would wish for everyone in the universe to always be happier than me.
lumberjack_jeff
(33,224 posts)Although wishing that everyone is happier than me is a challenge because most of my joy comes from helping others.
If I'm the least fortunate person in the universe, I become a consumer of help rather than a provider.
moondust
(20,019 posts)Would be okay if I won the lottery, but I knew 30+ years ago that I'd never be willing to screw lots of other people to make myself rich even if indirectly responsible through stock ownership, etc.
High_Voltage
(11 posts)Higher than that and you start to worry about your family getting kidnapped...
lumberjack_jeff
(33,224 posts)I want enough net worth that I can fulfill all my needs and most of my interests without the need to kiss anyone's ass.
Giving of one's self is great. Selling it... not so great.
clarice
(5,504 posts)dionysus
(26,467 posts)I'd get a pretty large house with some land (no tackily oversized mansion) with enough room for a billiards room and a music studio. maybe a basketball court.
then I'd focus my time on music, golf, and gardening.
it'd also free up time to be more involved with politics and charitable causes.
11 Bravo
(23,928 posts)Bluenorthwest
(45,319 posts)Having plenty is better than enduring paucity in general, but as Shakespeare said 'they are as sick that surfeit with too much as they who starve with nothing'.
It's a matter for detail and context.
Blaukraut
(5,695 posts)brooklynite
(94,858 posts)I have a Government job benefiting the public; why would I want to stop just because I can?
dawg
(10,624 posts)It wouldn't solve any of my biggest problems, but it'd rip the hell out of all the smaller ones.
HughBeaumont
(24,461 posts)I'd like to know that I'm able to earn a paycheck until I'm able to retire in my 60s.
I'd like to know that my health care would cover me if I get sick.
I'd like to know that my house (which isn't all that big) will eventually be paid off.
And while I'm still dreaming, I wouldn't mind a beach vacation.
bigwillq
(72,790 posts)Neoma
(10,039 posts)Shoulders of Giants
(370 posts)I like video games, so I'd get a lot about them. However, the main reason I'd be glad to be rich is not having to worry about losing my house due to be fired, being a slave to a terrible boss for fear of making it on my own, or having an illness wipeout all my savings.
joshcryer
(62,280 posts)DUers wishing to be oligarchs. :O
eShirl
(18,506 posts)Warren DeMontague
(80,708 posts)At 100 Million you hit semigarch status*.
* unless you live in Manhattan, in which case it just means you can afford a 2 bedroom condo.
Douglas Carpenter
(20,226 posts)joshcryer
(62,280 posts)That's all I need. That might be considered rich, but it doesn't allow for political influence.
pipi_k
(21,020 posts)many (if any) actually wishing to be oligarchs.
What I see is people wanting to be rich enough to do good with their money.
As for myself, I would keep my little house out here in the woods and buy a second one closer to the city to live in during the winter because things can get pretty rough on a dirt road that can't be plowed for a couple of days, and it takes close to an hour to get to civilization anyway.
I would give some to all the kids...my own two, and three stepdaughters. In my daughter's case, I would probably buy her a small house so she's not constantly on the verge of being homeless.
No fancy car...no yacht...
I would like to have an animal shelter.
The only "power" I want is the power to make the lives of my family...and animals...a bit better.
handmade34
(22,759 posts)^
therein lies the problem...
eShirl
(18,506 posts)and myself
Response to Douglas Carpenter (Original post)
Warren DeMontague This message was self-deleted by its author.
Nine
(1,741 posts)Who doesn't want free money? Being rich doesn't mean you have to live in a mansion or stop working or become a Republican. Give the excess to charity or liberal causes if nothing else.
Now if the question were, "What would you sacrifice to be rich?"... well, that's a horse of a different color.
tazkcmo
(7,304 posts)to make a decision without checking my wallet first.
JustAnotherGen
(31,981 posts)What's the magical number liquid in the bank that we are measuring by?
Prophet 451
(9,796 posts)I'm fairly severely mentally ill (MDD, GAD, "visions" and voices) and physically crippled. I live on benefits (welfare to you) and I'm very much aware of both how precarious my existence is (because it relies on those benefits and the bean-counters who administer them) and how much teh general British public hates me (because they've been trained to resent any and all benefit claimants). Being rich would remove all that worry.
In addition to that, I could do some good with that money. My SO and I have an agreement that if we were to win the lottery, we'd donate a million each to Cat's Protection (who introduced us to the kitties who've saved my life many times) and the PDSA (national charity here who provide vet care to poor people). I'd have enough money to buy billboards and full-page newspaper ads about how fucking evil the Tories are. I could set-up a really luxurious cattery, like a kittie spa, and make the fees on a sliding scale so poor people actually have the chance to go on holiday while their pets are well cared for.
B Calm
(28,762 posts)with palm leaves by half naked hula girls.
H2O Man
(73,661 posts)Financially, I'm broke right now. It's not as pleasant as times when I've had a lot of money. But it isn't as important as many other things.
On Sunday, one of my best friends died. All four of my children immediately reached out to support me. Then, other relatives and close friends. By the end of the day, people I had not spoken to since 1976 were reaching out to me. There are things that money can't buy.
Note: To be fair and imbalanced, I will say that the Beatles' live version of "Money" remains one of my favorites.
yuiyoshida
(41,868 posts)I would like to be able to eat healthy once in while and afford some cookies when I want them. I would like to, just for once sit in a hot tub as the water is constantly heated, in a recycled system. I would like a nice futon bed with futon pillows to lay my head and be able to afford to take my cat to the vet when he needs to go. Just simple stuff like that.
SomethingFishy
(4,876 posts)I have friends and family that I love and I have a job that brings joy to people, all the money in the world couldn't buy that...
obnoxiousdrunk
(2,910 posts)but I don't want others to be rich.