How much money is enough money for one person

The median worker's wage for men is around $60,000. The median worker's wage for woman is around $48,000. The two together is around $100,000. So a billionaire has more money than than an husband and wife could possibly make 10,000 years. Ten thousands years is what it take a couple making the median worker's wage to accumulate a billion dollars. Some people are just worth more than others I guess.

Median Workers Wages Bureau of Labor Statistics



I'm not sure having such extreme wealth inequality means we have too much socialism or communism in this country. With such extreme wealth inequality it seems to me taxes can't be too bad if the rich keep getting richer.

Lessons from the Great Depression and One of the Biggest Tax Hikes in U.S. History. The chart above shows the highest marginal individual income tax rates from 1925 to 1945, using data from the IRS. The highest income tax rate was increased from 25% in the early 1930s, to 63% in 1932, and then to 79% in 1936.

a reply to: dfnj2015

Greed is an illness, not really any different to drug,gambling or alcohol addiction.

For me enough is being comfortable and able to provide for my children, so they can become responsible caring adults.

a reply to: dfnj2015

Your assumption is too broad. It assumes a man and a woman making $100,000/year consume all of that money and never save and increase their savings through any investment.

This year, the stock market has returned 20%. Just this year. Look at returns over the past 20 years and think about what automated investments would do to their $100,000.

Imagine if they invested $1,000 in year one, then $2,000 in year two, then $3,000 in year three, and so on. As their income increased each year, they increased their investments. What starts as a small yearly investment grows to be a more substantial sum. Then they have the growth of the market on top.

Investing is a big part of why there are so many "rich" Baby Boomers out there. It's not that they necessarily made a big salary or "got lucky" or any other BS that so many Millennials seem to fault them for. They simply have had more years in the market than the rest of us. Add to that the inflation that occurs in homes and there you have it. Market and home inflation added to their bottom line. Boomers even went through the Dot Com crash and 2008 and look where they are now.

At my stage in life as an elder person, money is only a means to an end. If the pursuit of that money causes me any grief, then my end goal changes substantially. It is a balance, a harmony of life, if you will.

a reply to: Ameilia

How many billionaire boomers are there out there?

a reply to: dfnj2015


It depends on how selfish the person is who gives the answer. I know lazy, jealous people who feel that no human should be worth $1 million!

originally posted by: dfnj2015
The median worker's wage for men is around $60,000. The median worker's wage for woman is around $48,000. The two together is around $100,000. So a billionaire has more money than than an husband and wife could possibly make 10,000 years. Ten thousands years is what it take a couple making the median worker's wage to accumulate a billion dollars. Some people are just worth more than others I guess.

Median Workers Wages Bureau of Labor Statistics

I'm not sure having such extreme wealth inequality means we have too much socialism or communism in this country. With such extreme wealth inequality it seems to me taxes can't be too bad if the rich keep getting richer.

Lessons from the Great Depression and One of the Biggest Tax Hikes in U.S. History. The chart above shows the highest marginal individual income tax rates from 1925 to 1945, using data from the IRS. The highest income tax rate was increased from 25% in the early 1930s, to 63% in 1932, and then to 79% in 1936.

Why are you worried about what someone else has?

Billionaires create many times their wealth in jobs and wealth for others. Think of how many jobs Bill Gates alone has created. How many other billionsires and millionaires?

Envy is just as big of sin as greed.

originally posted by: carewemust
a reply to: dfnj2015


It depends on how selfish the person is who gives the answer. I know lazy, jealous people who feel that no human should be worth $1 million!

Do you ever question the type of people you know?

a reply to: Edumakated

Why do you equate his view to envy? Why is it one cannot point out the destructiveness of one who hoards billions of dollars?

As an example I'm not envious I'm disillusioned.

originally posted by: InTheLight

originally posted by: carewemust
a reply to: dfnj2015


It depends on how selfish the person is who gives the answer. I know lazy, jealous people who feel that no human should be worth $1 million!

Do you ever question the type of people you know?

No. I've lived long enough to accept all views, but to only associate with those who are most like me. VERY few people.

originally posted by: hopenotfeariswhatweneed
a reply to: Ameilia

How many billionaire boomers are there out there?

I don't know. It doesn't matter. Lots of Boomers have * Enough * which is what matters. If I had a million bucks right now, I probably wouldn't much care if it were one or two million. A million, managed correctly and added to by regular investment, should definitely be enough for me to last the rest of my life and pass on if there was anything left.

originally posted by: hopenotfeariswhatweneed
a reply to: Edumakated

Why do you equate his view to envy? Why is it one cannot point out the destructiveness of one who hoards billions of dollars?

As an example I'm not envious I'm disillusioned.

It isnt hoarding billions. Most billionaires and millionaires are wealrhy because the own shares in a company that became extremely valuable. Itisnt like they are keeping billions under their mattress.

If bill gates gave up his fortune tomorrow it wouldnt affect your life one bit.

originally posted by: carewemust

originally posted by: InTheLight

originally posted by: carewemust
a reply to: dfnj2015


It depends on how selfish the person is who gives the answer. I know lazy, jealous people who feel that no human should be worth $1 million!

Do you ever question the type of people you know?

No. I've lived long enough to accept all views, but to only associate with those who are most like me. VERY few people.

So, again, do you ever question the type of people you accept views from, or because their views match yours, they are immediately accepted?

I don't care how many people make more than us, we live within our means and we do alright. We have a little put aside to fix things around the house and buy a used vehicle if we need one or a cheaper new one if we feel like we need to.

The house is paid off, that is a big thing. Just maintenance and taxes and utilities. We live on about twenty five grand a year now, that is fine. We eat a lot better when we cook lots of home cooked meals now too, we are staying healthier because of that....so far anyway.

a reply to: Ameilia

I like your view and agree, I have no issue with boomers, other than they were really crappy parents that is, as far as wealth goes they earnt it, their comfortable, good luck to them.

I'm sure the op is not thinking of people with a couple of million dollars, I'm pretty sure he's aiming that at people who have billions of dollars.

a reply to: Edumakated

The problems I see with that is those billions of dollars are not circulating back into the economy, therefor that hoarded wealth becomes destructive.

originally posted by: hopenotfeariswhatweneed
a reply to: Ameilia

I like your view and agree, I have no issue with boomers, other than they were really crappy parents that is, as far as wealth goes they earnt it, their comfortable, good luck to them.

I'm sure the op is not thinking of people with a couple of million dollars, I'm pretty sure he's aiming that at people who have billions of dollars.

Oh, I didn't realize it was aimed at people with a billion or more. There aren't many of those. And it's not likely that anyone here knows anyone with billions, and if they did they certainly won't be talking about that.

a reply to: dfnj2015

Parable of the rich Fool
www.bible.com...


Ecclesiastes it is all for nothing if it is of this world and there is nothing new under the sun


Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless.

Basically they are powerless, there feeling of power gained from there wealth is an illusion because they shall still die but they die having harmed those around them whom are the only real wealth on earth and they die poor in spirit.

There greed is driven by a need for power, an illusion that they tell themselves that this power them make's them free while in fact they still can not escape there own death's.

And to reach this wealth they either turn a blind eye or simply don't know the suffering along the way or else they actually harm others along the way.

On the other side if I may use that term they are the poor, poor in spirit - not all there are decent one's among them and Jesus said that it is harder for a camel to pass through the eye of a needle than it is for a rich man to enter heaven BUT for god all thing's are possible - after a young rich man whom was devout had come to him and asked him what more he must do to earn salvation and Jesus had told him to go sell all he owned, give it to the poor then come and follow him but that young man had then gone away sad because he owned a great deal, in a round about way Jesus more or less aid he liked him because he was still a decent human being - for god it is possible.

So just because they are rich does not damn a person, in general it does but not always - case by case.

But our world today with it's worship of wealth and greed driven economic's lacking any form of corporate ethic's is a very wicked place that actually drives poverty, creates suffering and strip's the wealth from the already poorest in the world.

The rich used to make businesses and supply jobs for the working man before, now they import everything instead of creating factory jobs. I worked for a while at Kohler, it was a decent job. Go to work, get paid well with bennies, and you did not have to take your work home with you. It was warm there and the work kept you in good shape usually, no need for paying for a gym membership. Working conditions were good too. Poor people in China, they don't have nearly as much employee protection rules there and their air is bad when all the factories are over there. The rich make a lot of money utilizing the cheap labor there and jacking up the price here. They also got real rich on oil speculation, I should say pillaging, they never lost money and always made oodles on jacking up the price of the oil. It was not the oil companies that made all the money, but the people running them did make oodles in speculation too.

a reply to: hopenotfeariswhatweneed

Most of it is circulated through investments.