I know I’m upper middle class, but $1 million sounds too low these days. Especially if you want someone highly educated. I just had a state university education and military experience and with the rate I’m saving for retirement I’m protected to be more than that $1 million. I’m not trying to brag, I’m trying to say that I hope the people running the country would be better educated and more qualified than me.
Just an example number. That’s still really high compared to the median net worth of the US being $141,000. And the 90th percentile household wealth was 1.4 million in 2020.
Yes, but I do want the people running the country to be in the top 10 percentile at least as far as qualifications go. Which doesn’t always translate to wealth, but has a pretty strong correlation.
1 million might be a tad on the low side. If you own a nice 3 bedroom 2 bath family home depending on location that could be $500k or even $700k all on its own. It doesn’t take much to get to 1 million from there. Toss in a couple nice but not fancy cars and that’s another $50k easily if not $100k, then the value of all your other possessions, and maybe a decent retirement account and you’re basically there.
2 million on the other hand, and that’s well into “rich” territory (but sadly barely even moves the needle of the ultra wealthy like the Koch brothers or Jeff Bezos).
How much a sandwich costs depends entirely on where you’re buying the sandwich, though.
Ask someone from Rochester New York and someone from New York City how much a sandwich costs, and you’re going to get wildly different answers, and that’s the same state
Starting with a test on basic constitutional rights would be a start. It’ll be nice if politicians actually know basic 5th grade material like this.
Then we can move on to other tests to weed out the old and decrepit. Memory test. Drivers test. If they can walk a mile.
And lastly a test asking them basic things. For example: How much does a sandwich cost? If they say $0.50 or $600 dollars, we know they’re not fit.
I mean it’s one banana, Michael. What could it cost, $10?
The problem isn’t that they don’t know things. It’s that they don’t care.
To be honest, all those tests plus a net worth requirement under 1 million (including their home value) would be nice too.
We need people who actually know what it’s like to live like everyone else.
I know I’m upper middle class, but $1 million sounds too low these days. Especially if you want someone highly educated. I just had a state university education and military experience and with the rate I’m saving for retirement I’m protected to be more than that $1 million. I’m not trying to brag, I’m trying to say that I hope the people running the country would be better educated and more qualified than me.
Just an example number. That’s still really high compared to the median net worth of the US being $141,000. And the 90th percentile household wealth was 1.4 million in 2020.
Yes, but I do want the people running the country to be in the top 10 percentile at least as far as qualifications go. Which doesn’t always translate to wealth, but has a pretty strong correlation.
I’ll go $10 million, no higher!
1 million might be a tad on the low side. If you own a nice 3 bedroom 2 bath family home depending on location that could be $500k or even $700k all on its own. It doesn’t take much to get to 1 million from there. Toss in a couple nice but not fancy cars and that’s another $50k easily if not $100k, then the value of all your other possessions, and maybe a decent retirement account and you’re basically there.
2 million on the other hand, and that’s well into “rich” territory (but sadly barely even moves the needle of the ultra wealthy like the Koch brothers or Jeff Bezos).
How much a sandwich costs depends entirely on where you’re buying the sandwich, though.
Ask someone from Rochester New York and someone from New York City how much a sandwich costs, and you’re going to get wildly different answers, and that’s the same state
Someone from Rochester would probably be buying a Garbage Plate, anyway