BC Teachers have voted 87% to escalate the strike...

[bobsticks]

Re: Post #117--- you do realize that more words does not a logical argument make...

Maybe something will get done if rich people (people who earn $100k a year) actually find some generosity

MDs propose tax increases for wealthiest Canadians, starting at $100,000 - Yahoo! News Canada

I find it slightly disturbing that you consider $100k per annum "rich".

[Luvin Da Blues]

Re: Post #117--- you do realize that more words does not a logical argument make...




I find it slightly disturbing that you consider $100k per annum "rich".

What's the problem, up here in the Ruperts Land it doesn't cost much to maintain an igloo or a dog sled team. Seal meat is gettin' a bit expensive tho. $100k is plenty (unless you are a teacher I 'spose).

[RGA]

Re: Post #117--- you do realize that more words does not a logical argument make...

I find it slightly disturbing that you consider $100k per annum "rich".

I find it quite disturbing that you do not. Since 99% of the population (in wealthy countries) make less than $100,000 a year - (indeed most make less than $50,000, I'd say the 1% that's left is rich.

If $100k is middle class - then $50k is poor. What is $20k (the Poverty line) the really poor?

$40-$80k is lower to upper middle class IMO. Above that is rich (entry level rich but rich) The fact that the idiots spend more than they earn and get themselves in massive debt by buying $800,000 homes and 2 cars and Audio Note level 5 gear may be a reason they don't feel very rich - but I can tell you if I made $100,000K a year I would be living the life of Reilly. Cause - I would not buy stuff way beyond my means.

I agonize over spending $150 on a watch that may last 20 years. The $100k earners drop 8 large on a Rolex and then say that $100k isn't rich. Puhleeze.

A distinction needs to be made about individual and family income here as well. I am talking about single person income.

Canada Income range % of families

Quintile 1 up to $40,000 21.1% Poor & near poor
Quintile 2 $40 – $60,000 17.9% Lower-middle
Quintile 3 $60 – $85,000 20.4% Middle income
Quintile 4 $85 – $125,000 21.4% Upper-middle income
Quintile 5 over $125,000 19.2% High income or well-off

I would call the lower middle dirt poor - a family would seriously struggle at $40-$60k if they had children and they would have no ability to save. At the $60k end they might be OK but at $40k it would be ridiculous.