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Old 12-19-2014, 06:45 PM   #929
taxwonk
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Re: Poor man wanna be rich; rich man wanna be king.

Quote:
Originally Posted by Not Bob View Post
I don't think of Joe Six-Pack as poor. I think of him as working class, aka lower middle class. He owns a house and a car; if he were poor, he'd probably rent and take the bus, and his kids certainly wouldn't play Little League.
An awful lot of working class people are making about $10-$12 an hour right now, as 1099 contractors and their hours kept well below the threshold for getting them in ERISA trouble. $420 a week doesn't buy much. Joe's kids might still be able to play little league through the park district or Boys and Girls Clubs of America (an incredible organization if anyone needs a last-minute charitable contribution deduction).
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