530
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Nov 2023
530 points (96.8% liked)
News
23284 readers
1475 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I mean by all standards they should be completely fine.
I make less than $30k/year and make it work without credit. I honestly want to see their bills and what their living situation looks like because if you can't manage $150k/year comfortably you're definitely doing something wrong.
Other places may have higher cost of living. Hard to tell. But it does sound like a lot of money.
I make a lot less than $150k in CAD and live in one of the most expensive cities in the world and I'm doing fine. But yeah obviously billionaires are the problem.
I don't disagree, but $150k is just not that much money any more for a household. My wife and I make probably around $110 or so. I got lucky and bought a house 6-8 years ago (I'd never be able to afford interest rates or what that house appraises at now) we have a couple of <$20k used cars with good rates, and a household of 6-8 depending on which of my kid's friends basically live with us this week.
if I were buying my house today, we'd need to make much closer to the 150 just to maintain our current middle class lifestyle, and trust me, it's not like we're eating steak every night (or probably even every month.) I mean, sure, there are things we can do to make that money go further, and we will likely have to do as my kids get older/more expensive.
You get used to the money and spend more until you are broke. Maybe it's peer pressure, irresponsibility or a lack of financial education.
I read it as whether it's fine (moral) that they make that much money, not whether they could live off it. Else, what context for billionaires being mentioned?
I'm a software developer, a couple years outta college. My girlfriend and I are living together, and make about $120k/yr combined. We have no problem, I save a lot of my income and still have a bunch left over for hobbies. She has maybe a couple grand in student debt left and I've never been in debt in my life. I'd be willing to bet that a large portion of the issue is car payments and payments on a house that's fancier than they need.
It's also wild that roughly the same percentage (36%) of people making $50k-$150k are also living paycheck to paycheck. Live within you means. It isn't hard.
Now live in San Francisco, have 2 kids and a house.
Probably not even possible on 120k
Edit: im not in San Francisco, but I don't think you could own where i am with a dual income of 120k and have a place that would work for 2 kids. At least moving here today. 5-10 years ago it'd work no problem. Cheapest 3 bedroom condo is 525k with $620 monthly fees, but almost all of them are 700k+ (in CAD)
If I had kids, I wouldn't live there. If I lived there I wouldn't have kids until I was able to move.
It obviously isn't as simple as that, and it's a personal choice, but that's how I see it. Kids isn't just an emotional choice, you've gotta be able to raise them within your means.
Where I live, we could own a house and have a couple kids, but it makes more sense to rent right now. Where we currently live, we could have a couple kids, and they'd each have their own room, but it'd be a bit tight.
That's part of the problem though. We should all be able to have a house and kids. Those are not luxuries. The fact that you're arguing that income is fine if you forego those means the corporations and billionaires have successfully convinced you to fight against your own class and self interests.
I'm not arguing that it isn't bullshit, I'm just arguing that it's possible, considering the situation. Just because it's bullshit that I can't afford kids doesn't mean I'm going to accumulate credit debt by having kids.