I’ve joked for years they should pivot to legit Michelin quality white tablecloth restaurants called Charles E Fromage.
blitzen
I take some issue with some of those numbers. My calculations look at the tax table at 150k with standard deduction, shows 52333/150000 =0.349. And even 35% takes some working at not minimizing your liability; no mortgage deduction, no tax advantaged savings etc.
I feel it’s important to further clarify that California is only a high tax state for the very high bracket earners.
Not to mention it’s extremely rare for someone to have an effective combined tax burden of 40%.
Put the part about contacting the authorities about 20 lbs at the end, and you have the perfect joke.
I think my point isn’t being well taken, or perhaps I phrased it incorrectly. I certainly agree with the sentiment that wealth disparity is maybe the biggest problem we face.
The vast vast vast majority of the wealth of the uber wealthy come from the assets they own. If they can be said to “make” money over the course of the year, it’s as a result of those assets increasing in value and not directly tied to the “work” they put in.
My problem with these comparisons are two-fold. One, they usually conflate an individuals net worth with income. If Elon has 365 billion dollars, he doesn’t “make” 1 billion per day. Two, phrasing it as “making” “per hour” implies their income is tied to the hours they work, and that’s just not true. It puts value on their labor I think isn’t justified.
Most of these memes simply take a net worth a divide it by 365 or whatever.
I don’t mean it as acceptance of the massive wealth disparity, about which I agree fully.
I meant that “per hour” implies a wage paid by somebody/ some company, and the uber wealthy don’t really collect a wage.
It’s fair enough to say that a person’s wealth went up *x *last year, or y the year before that. But whatever the increase (or decrease) in net worth was, it’s not dependent on the number of hours they worked in the same way it does with a wage.
I cannot take seriously any claim of the ultra wealthy “making” x number of dollars per minute/hour/day. That’s just not how wealth works.
Would’ve taken less time than commenting to go to bestbuy.com to see that indeed first purchase is currently giving 15% back.
Probably the first purchase.
PlexAmp is so good. Nothing else comes close.