A chronicle reporter, Debra Saunders, was chastised by San Franciscans after she called people that earn between $200,000 and $250,000 a year "rich." One lawyer said that "salary cannot make one rich because a ‘rich’ person does not need to work. Like Bruce Wayne." I think this was an attempt by this lawyer to argue that the word "rich" pertains to a person’s wealth and not their income. I mean really. How spoiled are these people that contacted the reporter to complain!? If you make $200,000 or more you may not be wealthy now, but you certainly have the means to amass a decent level of wealth over 20 years of earning that much money. Over $4 million over 20 years to be exact. Add to that several shrewd investments and compound interest and those $4 million in earnings could conservatively double. That’s not a bad deal. San Franciscans and the top income earners in the state just need to concentrate on what they have, rather than what they don’t have. |
No Comments »
No comments yet.
RSS feed for comments on this post.