Have you actually read page twenty of the Goldman Sachs New Economics report. Approximately 40% of those earning six figures and seven figures annually live literally paycheck to paycheck. If we went back to the taxation of the Truman administration of 90% on high incomes then practically all of these folks would be out on the street looking for cardboard boxes to live in. Surely out of empathy you will call for tax cuts.
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Merged 2026 Mid-Term election outcomes: US Congress
- Thread starter Trebuchet
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Have you actually read page twenty of the Goldman Sachs New Economics report. Approximately 40% of those earning six figures and seven figures annually live literally paycheck to paycheck. If we went back to the taxation of the Truman administration of 90% on high incomes then practically all of these folks would be out on the street looking for cardboard boxes to live in. Surely out of empathy you will call for tax cuts.
The Great Zaganza
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... because they have gotten used to a lifestyle that is difficult to sustain.
Not because 6 figure salaries are not enough
Not because 6 figure salaries are not enough
Gulliver Foyle
Philosopher
Taxes have got nothing to do with their money problems. Idiot who choose to live beyond their means to keep up with the Jonses have wlways existed.
They're still vastly undertaxed.
Pixel42
Schrödinger's cat
"Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery" - Dickens
The Great Zaganza
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It's actually a deliberate strategy: paying upcoming talents huge salaries, but at the same time pressuring them into a lifestyle that makes it impossible for them to quit their job without losing everything.
Many of the Wall Street hotshot traders earned millions but were many millions in debt.
I am reminded of the Spanish Conquistador who exploited the continent with utter ruthlessness because they had to pay off massive debts at home or end up in debtor's prison themselves.
Many of the Wall Street hotshot traders earned millions but were many millions in debt.
I am reminded of the Spanish Conquistador who exploited the continent with utter ruthlessness because they had to pay off massive debts at home or end up in debtor's prison themselves.
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Mongrel
Begging for Scraps
Sounds like those lottery winners who just don't know how to handle wealth and end up losing it all in a couple of years
Beelzebuddy
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You had to read twenty pages in to find that Goldman Sachs thinks rich people don't make enough money?
P.J. Denyer
Penultimate Amazing
I'd assumed it was sarcasm... "Will nobody think about the millionaires?"
kookbreaker
Evil Fokker
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So having seen some more data about this: Ogles was constantly demanding that Tennessee gerrymander its districts. They did exactly that. That turned Ogles district into a lot less of 'area added to remove the Democratic effect of Nashville' into a much more rural district awkwardly shoved into the Northwest corner of the state. Ogles barely lived within its borders.
So no surprise the person who primaried him was a farmer.
5th will still likely go for a Republican but I doubt the new guy will be as much of a loudmouth as Ogles was.
Beelzebuddy
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Ah, yeah, mea culpa. Sometimes I forget to do recalibration after reading some of the more interesting takes elsewhere on the forum.
Yup, in 2000 I remember hearing a sob story on the radio about a London couple who couldn't get on the property ladder because nobody would give them a mortgage and they couldn't save for a deposit, despite obviously being able to afford the high rent and thus the mortgage.
They both had six figure salaries (26 years ago) but somehow were unable to cut a few thousand quid a month to save. I found it hard to find sympathy.
Good news for Democrats
www.newser.com
A Deadline Passes, and Max Miller Stays Put
Congressman says he's not withdrawing from reelection race amid abuse allegations
www.newser.com
shemp
a flimsy character...perfidious and despised
Either he'll lose, or a majority of voters in the district will prove that they are soulless immoral ◊◊◊◊◊◊◊◊.Good news for Democrats
A Deadline Passes, and Max Miller Stays Put
Congressman says he's not withdrawing from reelection race amid abuse allegations
shemp
a flimsy character...perfidious and despised
Well, at least Cobb came to his senses and now is a Trump critic:
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Brainster
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Taking a look regularly at the Senate elections. The Democrats currently hold 47 seats (including two independents). They need to flip four Republican seats to blue in order to win control of the Senate. Here's a look at the six most competitive races, of which the Democrats need to win five. North Carolina is all but guaranteed and I suspect Maine will be headed that way once updated polls come out.
The fact that Texas is even in play shows how dim the outlook seems to be for GOP candidates. Note: Polling is the current RCP average for each seat, while Poly is the difference between the Polymarket price for the leader versus the other candidate. For example, in North Carolina Democrat Roy Cooper is at 90.5% while his Republican opponent is at 10.5%, hence D+80.
The fact that Texas is even in play shows how dim the outlook seems to be for GOP candidates. Note: Polling is the current RCP average for each seat, while Poly is the difference between the Polymarket price for the leader versus the other candidate. For example, in North Carolina Democrat Roy Cooper is at 90.5% while his Republican opponent is at 10.5%, hence D+80.
| State | Polling | Poly |
| Texas | D+1.6 | R+1 |
| Maine | NA | D+36 |
| Alaska | D+0.4 | D+4.0 |
| Ohio | D+0.6 | D+2.0 |
| Michigan | R+0.3 | D+18 |
| North Carolina | D+8.0 | D+80 |
I like those odds. Assuming the national mood sort of stays like this until November, four out of six seems quite doable. Of course the Dems will have to hold on to their seats too.
Yes. And that was the joke.
As they said on page twenty, "While the portion of those living paycheck to paycheck declines and is only 16% of respondents within the $200,000 to $300,00 income group, above $300,000, this paycheck to paycheck group jumps to 40% potentially illustrating the impact of lifestyle creep, the phenomenon of luxuries becoming necessities to certain income cohorts."
I'm immune to this lifestyle creep, by the way.
That one stood out the most. Had good laugh over that one.
The ability save for retirement on page fifteen was also strange. I didn't think the extremely or moderately confident in their ability to save for retirement would respond they way they did to various financial issues.
dudalb
Penultimate Amazing
Max Miller cannot take a hint and is staying in the race.
GOod news for the Democrats.
GOod news for the Democrats.