Reply #13: Weak response from you. [View All]

[JoePhilly]

1) Is a recent graduate who is a doctor, a medical specialist making 250k a year rich, if that same person has no assets from their parents, and 400k in debt from school?

They have a large salary, but no assets. Given you know what "rich" means, are they rich?

2) A woman in hr 70s has no income, but she has assets of about 200,00 dollars. Her out of pocket medical costs are about 20k a year. Is she rich?

3) A person has 10 million dollars of assets. They're capital gains are about 200,000 a year. Are they rich?

Catching on?

If you want an actual discussion, you need to define what "rich" is in some manner.

On edit ... the answers you are getting reflect my point. If you don't provide some kind of definition of what you think "rich" is ... you will not get many direct responses, beyond, "the rich are evil".