Reply #149: Numbers

[bongbong]

$150,000? That's chicken feed, literally.

I had an acquaitance (sp) who was a senior VP at (one of the most evil) banks. That paid him $650K a year + whatever bonuses he got. He lived in a $2M house. He also had a directorship at some company that required him to make a symbolic vote on something once a year; he didn't have to travel anywhere. That paid him $75K a year. And he sued some former (nearly as evil bank) because they didn't pay him his promised $500K signing bonus after he jumped to the (most evil) bank (he won that case). In short, he was totally connected.

Well, one day he & I got talking about the rich-vs-poor divide (and this was years ago before the current situation where this issue is on everybody's mind). At one point, he started a sentence with "Those rich guys think they can ...."

IOW, he didn't consider himself one of the "rich guys". And, in his circle, he WASN'T. Add 4 or 5 zeros to that $150K and then you can start thinking about the "haves".

The top 1% are making returns right now that the top .1% consider worthless; the top .1% are making returns that the top .01% consider worthless; the top .01% are making returns that the top .001% would consider worthless, and so on....