Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (293386)	7/5/2006 1:15:20 AM
From: Elroy	Read Replies (1) \| Respond to of 1574680

. They were for the rich elite in this country who are roughly ten percent of the population 10%? If you're talking based on salary, I don't think you are "rich elite" if you're only in the 10% range. What would that be, $90k per year? If you are talking liquid net worth, 10% still isn't that high. I read some recent research that the US has something like 8 million millionaires. That's less than 3% of the population. Once you get down to 10% it probably means you have $600k liquid net worth. At 5% interest, that's enough to make $30k per year pre-tax without working, doesn't sounds too much like "elite cruising on a yacht rich" if you ask me. I think you want to focus your discussion on the top 1/2 of 1% if you want to talk about the very rich.