Balanced View wrote:

avid E. Powell wrote:
: On Sep 16, 1:13 pm, A Boater wrote:
:
: SNIP
:
:
: Of course, Davis' "arugula war" is just another attempt at misdirection.
: After all, John McCain's $5 million threshold where "you move from
: middle class to rich" is just the latest episode of his enduring
: disconnect from the real lives of the American people.
:
:
: With real estate prices, inflation, and the need for a cushion in case
: of sickness, as well as need to invest, $5 mill in assets may be the
: line between "still having to worry" and "being set for life." Not to
: mention the cost in land, assets etc. of maintaining a "rich"
: lifestyle. Many folks who have a couple mill don't have uber-cars and
: don't live with a mindset of spending all their cash as it comes in or
: spending more than they have. Indeed, for many of those who are past
: 50 and have a couple mill after working about 30 or so years, that's
: how they got to be that way.
:
: Remember that "5 million dollars" figure would be counting bank
: accounts, stocks, land, assets etc. all together. Not just cash on
: hand.
:
: So that would cover owning a house, preferably a decent one (Depending
: on area real estate values vary) that is all paid off, a servicable
: car, and enough stocks and bank accounts to have dividend income you
: can live on or boost earnings with while having left over money to
: reinvest and put back into the bank. Looking at it that way, a lot of
: that 5 Mill gets tied up pretty quickly. Especially in areas where
: housing prices are really rough and cost of living is high. Even then
: we are talking 5 Mill as a figure for someone who has worked their
: tail off for quite a number of years. It isn't like "Oh someone showed
: up, and was handed 5 Million dollars" certainly that gets portrayed as
: how it happens by some but usually there is seriously hard work
: involved in someone getting to that point. Which is why it shouldn't
: be punished too severely, as a balance for the income it provodes the
: government, etc.
:
: McCain seems to acknowledge that. Obama's in the same club but
: doesn't.
:
:
:They were not talking about assets, they were talking about yearly
:income. Even if you consider assets,
:the vast majority of Americans don't have anywhere near $200,000 in
:assets let along $5,000,000.
:According to WSJ the average net worth was $93,100 in 2004. ;~)
:

Did ANY of you people actually see this?

McCain was *JOKING*, you silly idiots!

--
"Ordinarily he is insane. But he has lucid moments when he is
only stupid."
-- Heinrich Heine