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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 378.35+2.7%Nov 10 4:00 PM EST
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To: elmatador who wrote (36471)7/2/2008 6:59:22 PM
From: Ilaine  Read Replies (3) of 217654
 
The income gap in America isn't between rich and poor so much as smart and dumb.

If you spend 105% or more of your income every year, you are a dumbass.

If you file for bankruptcy every eight years and pay 30% interest on maxed out credit cards during the eight year interim, you are a dumbass.

If you take out payday loan after payday loan, you are a dumbass.

If you drive a brand new enormous honking SUV that you paid cash for by cashing out the equity in your house with a home equity loan that you now can't pay, you are a dumbass.

Dumbass and middle class are antithetical. Dumbasses may have middle incomes but they ain't middle class.
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