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Douglas Bell

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Who do you consider "Rich?"

The "Rich" seem to be causing a lot of problems these days. The general consensus is that we should tax, limit, restrict and all around get them under control. But who are they. What do you mean when you say that someone is "rich?" The top 1% of income earners? The top 5% of net worth? Anyone who makes 5 times as much money as you do? Just where exactly would you draw the line?

A modest income in my location enjoys luxuries that would make my grandparents (or a subsistance farmer in the 3rd world) green with envy, but no one would call them rich.

What is your definition?

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    Jamil El-Imad

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    Dec 8 2011: A person that is fulfilled.
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      Krisztián Pintér 200+

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      TED Translator
      Dec 9 2011: this topic is about taxing the rich, or limiting income. so your proposal is to find out who is fulfilled, and tax them?
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        Jamil El-Imad

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        Dec 9 2011: In this context rich must then be everyone above the poverty line.

        The common international poverty line has in the past been roughly $1 a day. In 2008, the World Bank came out with a revised figure of $1.25.

        Subject to where one lives this may be the case since the poverty line is normally adjusted to the national PPI (purchasing power index)

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