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Bonus Withdrawal Puts Bankers in "Malaise"

As if this means anything for the general state of the economy for the rest of society.

I guess getting stuffed in trash cans as a child, outworked in the workplace, and outachieved elsewhere leaves little left but to trumpet the bad news of others.
 
Conservatives are quick to point out that the poor should just learn to live within their means, bootstraps, etc, but when you apply it to someone in the top 1% income group, it's class warfare.
 
Conservatives are quick to point out that the poor should just learn to live within their means, bootstraps, etc, but when you apply it to someone in the top 1% income group, it's class warfare.

I am not a conservative that would be quick to point out that everyone learning to live within their means is class warfare. Just the opposite. I have about as much sympathy for a poor 350k/year accountant that has to wash his own dishes as I do for the person at the bottom who complains that the handout given to him/her is not enough.
 
Conservatives are quick to point out that the poor should just learn to live within their means, bootstraps, etc, but when you apply it to someone in the top 1% income group, it's class warfare.

No, it's just sad that the enjoyment found by some in life comes from chuckling at these folks' troubles.
 
What troubles?

It's all relative. What "troubles" do American poor people have versus those in Afghanistan or Sudan? Most "poor" people here have three squares, a flat screen, and DirecTV.
 
Looks like bonuses are down at Wall Street and some of the 1 percenters are having a rough go at it. Food Stamps anyone?

"Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.

"I'm not Zen at all, and when I'm freaking out about the situation, where I'm stuck like a rat in a trap on a highway with no way to get out, it's very hard," Schiff, director of marketing for broker-dealer Euro Pacific Capital Inc., said in an interview.

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.
[...]"
Bonus Withdrawal Puts Bankers in "Malaise" - Yahoo! Finance
lol....yeah, i read this yesterday, makes 350,000 and is struggling to make ends meet...awwwww poor forkin' baby, isnt life a beyatch? not much sympathy here for him.
 
Just out of curiosity, at what exact income do you then have the opportunity to become "underemployed?"
 
Just out of curiosity, at what exact income do you then have the opportunity to become "underemployed?"

I think the number is about 10 bucks under your opportunity to become overexpensed.
 
Looks like bonuses are down at Wall Street and some of the 1 percenters are having a rough go at it. Food Stamps anyone?

"Andrew Schiff was sitting in a traffic jam in California this month after giving a speech at an investment conference about gold. He turned off the satellite radio, got out of the car and screamed a profanity.

"I'm not Zen at all, and when I'm freaking out about the situation, where I'm stuck like a rat in a trap on a highway with no way to get out, it's very hard," Schiff, director of marketing for broker-dealer Euro Pacific Capital Inc., said in an interview.

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.
[...]"
Bonus Withdrawal Puts Bankers in "Malaise" - Yahoo! Finance

Wasn't the common excuse for poor people losing their homes and such something like "they shouldn't have overextended themselves". Well, I guess he shouldn't have overextended himself.
 
that story read like something from the onion.

i worked a contract job at a place where people were paid very, very well. they were good people, but there was a real disconnect. someone who felt trapped in a position once asked me, "if i don't get promoted, what's the motivation?" i had just spent 9 months unemployed and was giving it everything i had to even have a sliver of a chance of not getting fired at the end of my contract. i politely explained the current job market and told the person to hang in there and hope for the best.

the really mind-boggling part was when workers found out there would be no raises that year. overnight, obvious Republicans started talking like union organizers from the early 20th century. "they're taking food out of my kid's mouths" was one that i heard more than once.

anecdotal evidence aside, i do somewhat understand the frustration. one's expenses tend to grow with an influx of money, and it's hard for anyone to take a significant pay cut. however, i took a big one when i left that job; a little less than half of my overall salary, and i couldn't afford it. however, count me very, very grateful to still have a job in my field. i like my job, and i give this one everything i have just like i did for almost twice the pay.

i don't pretend to be perfect; far from it. but i wash my own dishes in the sink, too, and i'm pretty happy to have water and soap to do it with.
 
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It's all relative. What "troubles" do American poor people have versus those in Afghanistan or Sudan? Most "poor" people here have three squares, a flat screen, and DirecTV.

And I'm supposed to feel sorry for this guy over them?
 
It happens. Many people have had to cut back. New GM employee's aren't making what the old ones did (yet). Bankers shouldn't be exempt.
 
No, it's just sad that the enjoyment found by some in life comes from chuckling at these folks' troubles.

People enjoy laughing at OWS too. Turn about, as they say, is fair play.
 
Boo hoo! I'd say my heart bleeds peanut butter for him (not), but pb is too expensive right now. So, I'll change that to mayonaise.

How would you feel if the government pressured your employer to cut your salary, just because someone thought you made too much money?
 
Yeah, but they really are funny. Did you see them?

This guy's pretty hilarious to me.

How would you feel if the government pressured your employer to cut your salary, just because someone thought you made too much money?

You mean like, say, if I were a teacher?
 
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"How would you feel if the government pressured your employer to cut your salary, just because someone thought you made too much money?"
You mean like, say, if I were a teacher?

The government is their employer, so that's not the same. Now if Queen Elizabeth pressured the US government to lower US teacher salaries, then you would be comparing apples to apples, very silly apples, but still apples.

But its all ok, government employees think they are underpaid already, even though the CBO says they are drastically overpaid.
 
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