4.30.2011

Google Sidewiki entry by Praveen

Good point, but lacks substantive argument. That TV shows have much to do with the rich not feeling rich is kind of a stretch. There are more serious factors. For one: those who are earning $250,000 may really be five times the avg income in the country, but many of them are also living in areas where property and property taxes are as much or more higher. Add to that, the fact that home owners feel anything but rich when they see the housing market.

in reference to: Culture and economy: Watching rich people on TV | The Economist (view on Google Sidewiki)