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Post by NOTTHOR on Mar 20, 2009 11:00:09 GMT -6
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Post by socal on Mar 20, 2009 11:10:06 GMT -6
How in the hell can someone making that kind of $ not have anything to show for it? |
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Post by NOTTHOR on Mar 20, 2009 11:21:03 GMT -6
My guess is the Chinese ask the same question about us a nation everyday.
You back out close to half for taxes, dude's taking home a little over $400k in the good years off of the $750k salary. So he's pulling about $35k a month. He probably had all the trinkets, at least 2 grand a month for car payments, 10 to 15 grand for house payments, those trips to Aspen ain't free, some double porterhouses, the old lady was probably spending at least 10 grand a month on shit like clothes, purses and jewelry to wear to the country club, he was probably only putting away a max of $10k a month during the boom years. So he's probably sitting somewhere around a million or two million dollars in investments, all of which he plowed into the hedge fund. He didn't raise a lot of money from other people, but kept running up giant expenses every month, what money he did have in the hedge fund, he probably blew up and now he is toast.
$750K ain't a whole helluva lot of money in the first place and the mentality of "I have to show it off" is the biggest reason this guy is fucked.
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Post by socal on Mar 20, 2009 11:22:53 GMT -6
My guess is the Chinese ask the same question about us a nation everyday. You back out close to half for taxes, dude's taking home a little over $400k in the good years off of the $750k salary. So he's pulling about $35k a month. He probably had all the trinkets, at least 2 grand a month for car payments, 10 to 15 grand for house payments, those trips to Aspen ain't free, some double porterhouses, the old lady was probably spending at least 10 grand a month on shit like clothes, purses and jewelry to wear to the country club, he was probably only putting away a max of $10k a month during the boom years. So he's probably sitting somewhere around a million or two million dollars in investments, all of which he plowed into the hedge fund. He didn't raise a lot of money from other people, but kept running up giant expenses every month, what money he did have in the hedge fund, he probably blew up and now he is toast. $750K ain't a whole helluva lot of money in the first place and the mentality of "I have to show it off" is the biggest reason this guy is fucked. Sounds like someone else around here... |
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Post by 101 on Mar 20, 2009 11:29:19 GMT -6
This story is pathetic. I can't say that I feel the least bit bad for this guy, but it does piss me off that they quality for $500 @ month in food stamps. Holy crap.
Make shit loads of money, piss it all way until you're deep in debt, then ask for a government handout.
Fucktard is the only word that comes to mind.
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Post by Saggitariutt Jefferspin (ith) on Mar 20, 2009 11:38:54 GMT -6
This story is pathetic. I can't say that I feel the least bit bad for this guy, but it does piss me off that they quality for $500 @ month in food stamps. Holy crap. Make shit loads of money, piss it all way until you're deep in debt, then ask for a government handout. Fucktard is the only word that comes to mind. Right on....and the fact that this is presented as a sappy piece is laughable. |
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Post by thunderhawk on Mar 20, 2009 11:48:47 GMT -6
If I made 750K per, I'd be retired after ten or 15 years. It's called "critical mass," to crib a term from Bob Brinker. My only indulgence would be a nice vacation home in the Colorado Rockies. Which would also be an investment adding to my net worth.
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Post by lpcalihawk on Mar 20, 2009 12:05:42 GMT -6
Poor money management being rewarded by a spot on GMA. This guy sucks and so does his family.
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Post by twinegarden on Mar 20, 2009 12:07:32 GMT -6
Fucktard is right, Ron.
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Post by thunderhawk on Mar 20, 2009 13:19:20 GMT -6
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Post by mattahawk on Mar 20, 2009 14:49:12 GMT -6
I find that laughably hilarious. Idiots like that deserve what they get.
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Post by NotMyKid on Mar 20, 2009 15:06:52 GMT -6
I can't see the video because of the fire wall at work but,
The SI this week has a huge story on broke NFL, MLB, and NBA players.
I read a little bit of it last night, I think it said that 75% of NFL players are broke or in serious financial trouble 2 years after they are out of the league and something like 60% for NBA players after 2 years.
F'ing idiots.
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Post by NOTTHOR on Mar 21, 2009 8:46:36 GMT -6
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Post by thunderhawk on Mar 21, 2009 9:04:15 GMT -6
Your attempt at the predictable reverse class warfare diversion won't deter nor defeat my argument. You know who the "rich" are. They are the people running the government. They are the 18 ultra-wealthy families who bankrolled the assault on the estate tax. They are not you, they are not me. We are their chattel. www.rollingstone.com/politics/story/26793903/the_big_takeover/printJohn Edwards may have been a smarmy womanizer, but that fucker was dead right: The system is rigged, and y'all ain't doing the rigging. |
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Post by NOTTHOR on Mar 21, 2009 10:17:42 GMT -6
Wow, you really think "the takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations" was just some kind of recent revolution? Where the hell have you been? You know good and god damned well that since its founding, America has been a place to care for the rich above all. You certainly can't have gone through law school and not understood the liberal fascism inherent in a substantial percentage of the laws in this country. The rich hate freedom more than anyone else, freedom entails the freedom to fail and the freedom to lose all of one's money.
This quote from the article you linked above is the problem that I have with your class warfare schtick - "The real rich -- the top 1% -- work very hard for reasons other than money," Reuven S. Avi-Yonah, a tax historian at the University of Michigan, told me this week. The quest for prestige, political power and self-esteem, the ability to control things and people, are all factors in their behavior.
Wrong. I am close to this "top 1%" in terms of income, as is my brother. I don't work for prestige, political power or self-esteem nor does my brother. I work and live like a fucking pauper for my fuck you number. My number where when someday I get some bullshit that I don't want to do, I can finally say "fuck you, I quit." The rich are the people who can say that shit. That's my definition of rich.
With every new assault on the wage earners in this country, such as my state's new governor's plan to increase state income taxes by approximately 50% or the Treasury's policy of printing a trillion new dollars debasing the currency and lowering the return on my investments, my fuck you number becomes harder and harder to attain. Liberals are so blinded by their rage against the rich, that they want to make it as hard as possible for anyone to ever become rich. In my opinion, that poses a very grave threat for the future of American society.
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Post by iammrhawkeyes on Mar 21, 2009 16:30:02 GMT -6
Wow, you really think "the takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations" was just some kind of recent revolution? Where the hell have you been? You know good and god damned well that bince its founding, America has been a place to care for the rich above all. You certainly can't have gone through law school and not understood the liberal fascism inherent in a substantial percentage of the laws in this country. The rich hate freedom more than anyone else, freedom entails the freedom to fail and the freedom to lose all of one's money. This quote from the article you linked above is the problem that I have with your class warfare schtick - "The real rich -- the top 1% -- work very hard for reasons other than money," Reuven S. Avi-Yonah, a tax historian at the University of Michigan, told me this week. The quest for prestige, political power and self-esteem, the ability to control things and people, are all factors in their behavior. Wrong. I am close to this "top 1%" in terms of income, as is my brother. I don't work for prestige, political power or self-esteem nor does my brother. I work and live like a fucking pauper for my f**k you number. My number where when someday I get some bullshit that I don't want to do, I can finally say "fuck you, I quit." The rich are the people who can say that shit. That's my definition of rich. With every new assault on the wage earners in this country, such as my state's new governor's plan to increase state income taxes by approximately 50% or the Treasury's policy of printing a trillion new dollars debasing the currency and lowering the return on my investments, my f**k you number becomes harder and harder to attain. Liberals are so blinded by their rage against the rich, that they want to make it as hard as possible for anyone to ever become rich. In my opinion, that poses a very grave threat for the future of American society. Looks like that FU number is going to be a mirage. The beginning of the end. www.nytimes.com/2009/03/22/us/politics/22regulate.htmlThe Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said. |
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Post by thunderhawk on Mar 21, 2009 21:12:15 GMT -6
Wow, you really think "the takeover of the government by a small class of connected insiders, who used money to control elections, buy influence and systematically weaken financial regulations" was just some kind of recent revolution? Where the hell have you been? You know good and god damned well that bince its founding, America has been a place to care for the rich above all. You certainly can't have gone through law school and not understood the liberal fascism inherent in a substantial percentage of the laws in this country. The rich hate freedom more than anyone else, freedom entails the freedom to fail and the freedom to lose all of one's money. This quote from the article you linked above is the problem that I have with your class warfare schtick - "The real rich -- the top 1% -- work very hard for reasons other than money," Reuven S. Avi-Yonah, a tax historian at the University of Michigan, told me this week. The quest for prestige, political power and self-esteem, the ability to control things and people, are all factors in their behavior. Wrong. I am close to this "top 1%" in terms of income, as is my brother. I don't work for prestige, political power or self-esteem nor does my brother. I work and live like a fucking pauper for my f**k you number. My number where when someday I get some bullshit that I don't want to do, I can finally say "fuck you, I quit." The rich are the people who can say that shit. That's my definition of rich. With every new assault on the wage earners in this country, such as my state's new governor's plan to increase state income taxes by approximately 50% or the Treasury's policy of printing a trillion new dollars debasing the currency and lowering the return on my investments, my f**k you number becomes harder and harder to attain. Liberals are so blinded by their rage against the rich, that they want to make it as hard as possible for anyone to ever become rich. In my opinion, that poses a very grave threat for the future of American society. Looks like that FU number is going to be a mirage. The beginning of the end. www.nytimes.com/2009/03/22/us/politics/22regulate.htmlThe Obama administration will call for increased oversight of executive pay at all banks, Wall Street firms and possibly other companies as part of a sweeping plan to overhaul financial regulation, government officials said. About fucking time. Those fraudulent excessive payments, regardless of performance, to executives are contrary to shareholder interests. Corporations exist to enhance shareholder value, not to serve as the personal piggybanks of sociopath executives. As per BTR's predictable anti-liberal Jonah Goldberg-inspired (oxymoron?) rant, I am not anti-rich, so long as the rich obtained their wealth by creating value (see: Gates, William; Buffet, Warren.) Shit, I could care less if such rich folk ever give a dime to charity. No, and back to the point, what I will not stand for is the fraudulently wealthy using their fraudulent wealth to rig the system to further enhance themselves and to necessarily fuck everybody else in the process. BTW, BTR...the fact that you work for a living implies that you are not the "rich" of which I speak. Get back to me when you've got enough bank to buy Senators. I know people like that. They are real mendacious fuckers who really oughta be serving time for the shit they pull. You ain't them. |
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