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Socialist Progressives

In reply to the discussion: Shame on the Rich [View all]

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(32,382 posts)
7. It might just be me, but I'm definitely more grudgy against our current economic ruling class.
Thu Mar 1, 2012, 12:09 AM
Mar 2012

I mean, they make it so easy! I just found this right before I saw your reply. This story is from *today*. Check this out!: http://finance.yahoo.com/news/bonus-withdrawal-puts-bankers-malaise-050100338.html

Bonus Withdrawal Puts Bankers in "Malaise"



Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country's top 1 percent by income, doesn't cover his family's private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.

"I feel stuck," Schiff said. "The New York that I wanted to have is still just beyond my reach."

The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters.

"People who don't have money don't understand the stress," said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. "Could you imagine what it's like to say I got three kids in private school, I have to think about pulling them out? How do you do that?"




I guess at this point I'd rather take my chances with a socialist government leader, than the system that props up the poor soul who has to cry in the lap of his therapist that his Wall Street lifestyle is not living up to his expectations.

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