I profess no such thing, sw. I live a simple life but value the essential small pleasures which seperate us from the beasts, that is all.
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Out of curiosity who was it that decided this arbitrary figure of £70k??
It does not seem a lot to me as you have correctly pointed out a few normal outgoings would eat into that quite considerably.
Moving away from the cut and thrust of debate regarding the concepts of rich v wealth, I personally would define being wealthy as being able to live the life one wanted to the very full, and at 70k I am not sure that would always be the case.
I suspect the figure was the output of some scientist of analyst **** with a massively large head, a chap (or female, who knows) who once they stepped out of the safe environs of their office or lab would struggle to find their own arse using both hands.