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Thread: Bonus Withdrawal Puts Bankers in "Malaise"

  1. #11
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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Quote Originally Posted by Hikertrash View Post
    LOL... are these guys for real.
    Meanwhile kids in rural Africa are saying, "What's a dishwasher? What's private school? What's school?"

    America as a whole is spoiled. That these two guys are more spoiled than most really doesn't matter. There's always a sliding scale.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Quote Originally Posted by tessaesque View Post
    I don't care how much you make, relying on a bonus to survive is just ridiculous.

    On one hand, the guy doesn't have much room to complain when he's better off than many.
    On the other hand, the guy is reinvesting a lot of his money back into the economy through that tuition, the mortgages, and into the construction industry with remodels, so his not having that money to spend does hit the economy negatively as well. I'd villify him more if he were whining that he couldn't put the money into an off shore account or hoard it away in investments that don't spur a lot of growth.
    How much growth do private school tuitions spur, or mortgages for that matter?

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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Quote Originally Posted by Hikertrash View Post
    How much growth do private school tuitions spur, or mortgages for that matter?
    I read one article that says every home purchased creates two jobs. The results of those new jobs would be compounding. So the result could be rather beneficial in a time of general economic stagnation. As for tuition...a private school teacher makes about 45-50k a year on average, so we can assume that 20-35k of that goes back into the market through rent/mortgage and purchases, plus the purchases made by the school, which feed into the economy.

    But really, any money that isn't locked in a safety deposit box or sent overseas will directly benefit the economy here. If I get a $1,000 bonus and I use it to fix my car up, that's $1,000 that goes into the economy. If I put it in my safe at home it's essentially lost in terms of economic growth.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Quote Originally Posted by tessaesque View Post
    I read one article that says every home purchased creates two jobs. The results of those new jobs would be compounding. So the result could be rather beneficial in a time of general economic stagnation. As for tuition...a private school teacher makes about 45-50k a year on average, so we can assume that 20-35k of that goes back into the market through rent/mortgage and purchases, plus the purchases made by the school, which feed into the economy.

    But really, any money that isn't locked in a safety deposit box or sent overseas will directly benefit the economy here. If I get a $1,000 bonus and I use it to fix my car up, that's $1,000 that goes into the economy. If I put it in my safe at home it's essentially lost in terms of economic growth.
    Spot on.

    Biggest plus about the wealthy is that they spend their money.

  5. #15
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    Quote Originally Posted by Samhain View Post
    Spot on.

    Biggest plus about the wealthy is that they spend their money.
    Everyone spends money. Also as a percentage of income, those less well off spend more.

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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Quote Originally Posted by megaprogman View Post
    Everyone spends money. Also as a percentage of income, those less well off spend more.
    And against the size of the economy, the rich spend a larger percentage.

  7. #17
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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Can't help but laugh....
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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    Quote Originally Posted by iliveonramen View Post
    Can't help but laugh....
    The poor guy complaining about only making 350k is truly childish.

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    Re: Bonus Withdrawal Puts Bankers in "Malaise"

    Quote Originally Posted by megaprogman View Post
    The poor guy complaining about only making 350k is truly childish.
    But if he lost 25% of his "salary", then its a big deal, right?

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    Quote Originally Posted by Samhain View Post
    But if he lost 25% of his "salary", then its a big deal, right?
    Not at that level of income. I am quite sure he has a roof over his head, is not going to starve, etc.

    His needs are still being met.

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