Quote:
Originally Posted by KSigkid
But, it's not just the top 3% or the hoitytoity who want a stop to the over-spending or who believe in some sort of financial conservatism. There are a lot of us who grew up in lower-middle class households (like myself) who also hold those beliefs.
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You misinterpreted my post or I didn't convey the point clearly.
I wasn't talking about over-spending and financial conservatism when I referenced the top 3% and the hoitytoity. I was talking about the fact that these social programs are designed as safety nets for* those who are
not of the top 3% or who come from generations of wealth (which isn't the same thing as "hoitytoity" unless you have a sense of entitlement (often for money that you didn't work for yourself) that translates to your views on certain social policies). These people represent the minority but are the majority in terms of power.
* Of course, technically, social programs are available to all citizens but there tend to be maximum income requirements, etc.
ETA: And I only included those two categories because there's a HUGE difference wealth and income. I should've included the wealthy who don't come from generations of wealth.
Anyway, a lot of people confuse living comfortably and affording certain luxuries with having a safety net in times of recession. Families don't invest or build wealth. They accumulate debt because they overestimate their income's worth. That goes for folks making 60K and folks making 200K who aren't putting money away in investments and wealth-building assets.