You Try to Live on 500K in This Town
"The total costs here, which do not include a lot of things, like kennels for the dog when the family is away, summer camp, spas and other grooming for the human members of the family, donations to charity, and frozen hot chocolates at Serendipity, are $790,750, which would require about a $1.6-million salary to compensate for taxes. Give or take a few score thousand of dollars."
I understand it's jokey, but one of the students here pointed out that it displays an insider's wink/nod that really does beg sympathy. So . . . now we are to pity the people who ran the world economy into the ground because Obama says they have to trade their 3/4 of a million dollar lifestyle for a 1/2 million dollar lifestyle? Most of the people I meet these days still work for under $12 per hour.
UNRELATED: Anyone out there know a simple HTML trick for indenting lines in Blogger?
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What's sad is that New York's economy has really been driven by the luxury spending of the financial class for a long time (an example of trickle down I guess...but limited trickle down where most of the water evaporates back to those wealthy fucking clouds before it reaches the desert...or something; this is a really stretched metaphor).
Anyway, so reducing their salaries could actually deepen the recession...high financial sector salaries is a form of stimulus!
But seriously, fuck those guys.
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