Comments on: Define Class with Financial Planning Time Horizons

By: J D Walling

J D Walling — Sat, 22 Jan 2011 01:58:41 +0000

The short ans. is VERY LITTLE. Though by soc. standards in Euro. it makes better sense as 1 defines “happy.”

In fact, it’s the kind of “thinking” that teaches the masses to love their servitude in this moneyed aristocracy (plutocracy).

By: living on fumes

living on fumes — Wed, 22 Oct 2008 04:22:06 +0000

As I started to read this, my first thoughts were “OMG” and “WTF?” It came off initially as rather, shall we say, classist.

But if you look at it as a function primarily of income and secondarily of character, there’s a case to be made for letting those working at the bottom of the economy keep more of what they earn, before cutting taxes for those at the top.

By: Caleb Nelson

Caleb Nelson — Mon, 20 Oct 2008 19:08:41 +0000

That’s an incredible way to define “class”. I had never really thought about it that way before until reading this article. I heard once, that you are really dreaming when you begin to dream about life after your death. I can’t wait until I have enough progress to push off dreams onto my future grandchildren.

Caleb

By: Mr. ToughMoneyLove

Mr. ToughMoneyLove — Mon, 20 Oct 2008 17:50:09 +0000

The problem with this characterization of “class” is that the government will not look at this way, because what matters most to the government is income. Even if a higher income earner is living paycheck to paycheck, tax treatment is the same.

A related issue in the class warfare position taken by many politicians is the incessant reference to “working families.” When these politicians use the phrase “working family” they intend to exclude those who make a lot of money, or who have positive net worth, as if those folks don’t actually work or have families they are supporting.

By: Rob Carlson

Rob Carlson — Mon, 20 Oct 2008 17:21:02 +0000

Excellent concept. Here’s an ancillary thought:

If you are in a lower class and you expand your time horizon and put away those extra pennies to your retirement/kid’s education in ten years instead of saving to buy yourself something nice in the next few months, you are moving yourself up in terms of success in spite of your actual income.

Likewise, if you’re a sports or music star who has millions of dollars but only thinks a day or two ahead to the next big party or new car, you will soon be parted with your money because you are acting as if you are already poor.