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(GQ)   How to live on $625,000 a week: "WAAAAH I'M BEING PERSECUTED"   (gq.com) divider line 121
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6711 clicks; posted to Politics » on 30 Jun 2012 at 4:13 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-30 12:23:04 PM
Quit counting other people's money and get on with your life.
 
2012-06-30 12:29:01 PM
FTA: "If there were a shred of truth to the claim that the rich are our nation's job creators, then given how rich the rich have gotten, America should be drowning in jobs!"

Good point.
 
2012-06-30 12:44:12 PM

BarkingUnicorn: FTA: "If there were a shred of truth to the claim that the rich are our nation's job creators, then given how rich the rich have gotten, America should be drowning in jobs!"

Good point.


Yup. The rich have enjoyed a huge tax cut for over a decade, therefore, the unemployment rate should be zero, right??
 
2012-06-30 01:26:14 PM
Clearly these people are evil and we should throw their money into the Government black hole to create jobs.
 
2012-06-30 01:43:16 PM

It's Interesting When People Die: Clearly these people are evil and we should throw their money into the Government black hole to create jobs.


Except that, that money in the black hole actually does create jobs instead of sitting there acrueing interest for one person. Take the tax money and pay down your debt , then fix your infrastructure it sure needs it. Then other projects like an actual mission to mars or a space elevator, things that will grow your countries power and prestige.
 
2012-06-30 02:45:39 PM
While I appreciate the fact that Wayne claims he is a secret philanthropist and I'm sure that his generous grants have gone to what he deems worthy causes, his point about him being in control of where his donations go gets lost in the big picture.

I understand him having a desire to feel good about the projects his money is fostering, but by doing so it's being distorted by his pet projects vs. the greater public good.

For example, he sleeps well at night because he pumped millions of dollars into a particular bit of cancer research which, while certainly a good thing, comes at the expense of state budgets causing governments to have to cut back services and increasingly shut some of them down altogether.

It's bad for people who rely on those services, and it's a drain on the economy.
 
2012-06-30 02:56:44 PM

Lorelle: BarkingUnicorn: FTA: "If there were a shred of truth to the claim that the rich are our nation's job creators, then given how rich the rich have gotten, America should be drowning in jobs!"

Good point.

Yup. The rich have enjoyed a huge tax cut for over a decade, therefore, the unemployment rate should be zero, right??


See, this is why the "tax cuts create jerbs" people flabbergast me. It's a simple goddamn question none of you answer - it's been ten years, so where are the jobs you were going to create?

Accusing me of "class warfare" (more accurately, a return to prior levels of taxation) is not a farking answer. Flicking spittle while calling me a socialist is not a farking answer. Quoting Sean Hannity is not a farking answer. Where are the jobs?

The best part? So many of you defending this stupid slogan are making 40k a year and your bosses wouldn't piss on you if you were on fire. Yet here you are, doing their dirty work by reciting their mantras for them. And you don't even realize it because Jesus and Fetus and Apple Pie.

Anyway, where are the jobs?

You know what? Don't bother trying. Just fark off.
 
2012-06-30 03:02:42 PM

dickfreckle: Anyway, where are the jobs?


China. But they'll justify that somehow, assuming you could get them to admit it.
 
2012-06-30 03:56:19 PM
A decade? They've been pushing trickle down economics for 30 years.
 
2012-06-30 04:11:12 PM
Sponsor all the Farkers.

ALL OF THEM.
 
2012-06-30 04:15:10 PM

Toshiro Mifune's Letter Opener: Sponsor all the Farkers.

ALL OF THEM.


GIVE ME THINGS
 
2012-06-30 04:18:05 PM

valar_morghulis: Toshiro Mifune's Letter Opener: Sponsor all the Farkers.

ALL OF THEM.

GIVE ME THINGS


ALL THE THINGS

...

But not Miracle Whip.
 
2012-06-30 04:19:28 PM
id be happy to try to live on $5,000 a week, seeing as that would be more than i make in a week now.
 
2012-06-30 04:20:32 PM
My bucket of "Give a shiat" for the extremely wealthy has been empty for some time...
 
2012-06-30 04:22:55 PM

sithon: It's Interesting When People Die: Clearly these people are evil and we should throw their money into the Government black hole to create jobs.

Except that, that money in the black hole actually does create jobs instead of sitting there acrueing interest for one person. Take the tax money and pay down your debt , then fix your infrastructure it sure needs it. Then other projects like an actual mission to mars or a space elevator, things that will grow your countries power and prestige.


Nice points there, I'm gonna be using that to argue the case for taxing the wealthy now :D

/I had a strange sense of playing Civilization when I read that. Weird how that works
 
2012-06-30 04:24:08 PM
But you see they can't make those jobs because somewhere down the line, there's the possibility that they might get taxed more, and how can we expect them to create jobs when they live under the ever present looming specter of possible future taxation?

The only way to really fix the economy is to eliminate all personal and corporate taxes on any individual or business that clears over $100K a year. Do that, and that shiat will trickle down like a mother farker!
 
2012-06-30 04:27:54 PM

dickfreckle: It's a simple goddamn question none of you answer - it's been ten years, so where are the jobs you were going to create?


My God man, are you really some damn stupid?! The ten years has been spent massing capital to invest in companies once they get even more tax cuts. If you'd stop holding them hostage and cut their taxes again to something more manageable like 6%, then they will finally unleash the golden stream of jerbs upon us unwashed masses. It's simple economics or so I'm told by a lot of the incredibly informed Farkers when my education in English means that numbers are hard and stuff.

Jesus! Just give the terrorists what they want. Give them tax cuts so that we can finally trade for the economy. Who cares if they've already killed a few of the hostages (read: social programs) when all it will take is giving into more of their demands. After all, isn't is American policy to submit to hostage takers?
 
2012-06-30 04:31:30 PM

grimlock1972: id be happy to try to live on $5,000 a week, seeing as that would be more than i make in a week now.


All public employee income should be tied to average educator salary and all law enforcement, emergency service, and education jobs should be tax free. There should be some benefit to dealing with the utter BS this country's populace throws at them.
 
2012-06-30 04:32:58 PM
That lady who pays a business manager $100K/year and still pays 35% in taxes needs a new business manager.
 
2012-06-30 04:35:51 PM
That was a very interesting read ...
 
2012-06-30 04:36:46 PM
Look, it's a simple equation, rich guys.

EVERY time throughout history where there has been a massive gap in wealth/power, things have ended badly for you. I'm not talking about higher taxes as a penalty for you. I'm talking about the fact that when the poor are pushed to their limits long enough, blood begins to flow in the streets. Entire social structures are decimated. Family fortunes are lost. Ever wonder why your patron saint Ayn Rand left Russia?

The point is that inequality on this scale does not, ultimately, serve your interests. You would be well advised to study world (and especially American) history because the parallels between what is happening now and what led to some of the most horribly violent revolutions across the world are staggering.

There is a tipping point.
 
2012-06-30 04:38:59 PM
"In the 1940s and 1950s, the top tax bracket paid more than 80 percent."

No, they didn't.

The top BRACKET was that high, but the amount paid? Actually about the same as right now.

You see, when they had those high brackets, you could also deduct pretty much anything, and the high-dollar employees and company owners got massive perks that came with the job.

The key concept is "marginal tax rate versus effective tax rate." The writer apparently either never heard of it, or decided to ignore it.
 
2012-06-30 04:41:11 PM
FTA: "I live my life paying my taxes and taking care of my responsibilities, and I'm a little surprised to find out that I'm an enemy of the state at this time in my life,"

I don't think the ire is directed at the men and women who made their own fortunes the legitimate way (no one takes a crap on RK Rowling, do they?).

It's against the trust-fund punks like Grover Norquist and the Koch Brothers, who not only had their fortunes handed to them because their filthy rich father keeled over, but actually use their fortunes to torment the middle class & the poor.

www.backfirealley.commjcdn.motherjones.com
THESE are the vile sunzab*tches who are the enemies of the state!
 
2012-06-30 04:43:09 PM
The observation I would make is this: for all his complaining, he actually did something. He hires people to build his units and employs people to manage them. He found a need people had, and created products and services to meet it. As opposed to what we see on wall street, which isn't far removed from what happens in Vegas. But, yeah, get over your imagined affronts. You're a very wealthy man, you have more money than you'll ever need.
 
2012-06-30 04:45:00 PM

Toshiro Mifune's Letter Opener: But not Miracle Whip.


Especially the Miracle Whip.
 
2012-06-30 04:50:51 PM

mr intrepid: and employs people to manage them. He found a need people had, and created products and services to meet it. As opposed to what we see on wall street, which isn't far removed from what happens in V


I actually like the comparison between him and the guy one step down. That guy got lucky by giving a friend $50k. He sees his world as having been bought and paid for by luck. He doesn't think he's earned it so he's okay with the government taking some of that and using it to help other people.

Wayne, on the other hand, built his empire from scratch, one building at a time. Sure, he probably had some luck along the way but the bulk of his fortune was made with his own two hands. He's more than charitable enough and it's his money, dammit, and he'll be damned if anybody's going to tell him how to use it.

I actually have way more respect for him than the Amazon guy because at least Wayne's willing to do something good with his money, he just wants to define what "good" is. The other guy is fully comfortable doing nothing until somebody tells him to.
 
2012-06-30 04:54:50 PM
ESPECIALLY NO MIRACLE WHIP
 
2012-06-30 04:58:25 PM

HawgWild: That was a very interesting read ...


Great idea for a story to talk to people from 6 separate brackets and compare how they live and what they think. Definitely not a waste of bandwidth. From GQ? Who'da thunk?

Loved the part where the self storage magnate called Forbes up and asked them take his name off the annual list of America's Richest People.

"And what did they say?" I ask.

"They said when Trump called up, he said the number next to his name was too small."


*rimshot*
 
2012-06-30 04:58:50 PM

cirby: You see, when they had those high brackets, you could also deduct pretty much anything, and the high-dollar employees and company owners got massive perks that came with the job.


Today's high-dollar employees and company owners get massive perks that come with the job, and have a raft of deductions to take advantage of...
 
2012-06-30 04:58:57 PM

rugman11: I actually have way more respect for him than the Amazon guy because at least Wayne's willing to do something good with his money, he just wants to define what "good" is.


And he's earned the right to determine what "good" is because...?

Also, it's very hard for me to believe someone who saw how awful life is when you're poor (as he claims to have been when he was younger) would not bemoan the social programs that made their life just a little better back then. In other words, this guy is either a) an amnesiac or b) a liar. I'm going with B.
 
2012-06-30 05:01:07 PM
I'm in my forties and I've never gotten a job from a rich person. Not once.

Every job I've ever had I got from a middle class person who wanted to be rich.
 
2012-06-30 05:01:30 PM

PapaChester: All public employee income should be tied to average educator salary and all law enforcement, emergency service, and education jobs should be tax free.


Yes, because law enforcement is sooooooooooooooooooooooooooooooooooooooooo f*cking mistreated in this country.

How many teachers in tiny, crappy towns are going to make $100,000 a year after twenty years teaching? I'm not talking about New York City, I'm talking about Butfuk Falls, Nevada,
 
2012-06-30 05:02:44 PM

puffy999: How many teachers in tiny, crappy towns are going to make $100,000 a year after twenty years teaching? I'm not talking about New York City, I'm talking about Butfuk Falls, Nevada,


Is that by Rimjob Junction?
 
2012-06-30 05:04:35 PM

TV's Vinnie: FTA: "I live my life paying my taxes and taking care of my responsibilities, and I'm a little surprised to find out that I'm an enemy of the state at this time in my life,"

I don't think the ire is directed at the men and women who made their own fortunes the legitimate way (no one takes a crap on RK Rowling, do they?).

It's against the trust-fund punks like Grover Norquist and the Koch Brothers, who not only had their fortunes handed to them because their filthy rich father keeled over, but actually use their fortunes to torment the middle class & the poor.

[www.backfirealley.com image 226x226][mjcdn.motherjones.com image 300x226]
THESE are the vile sunzab*tches who are the enemies of the state!


Agreed!

I have no problem with people being millionaires or billionaires in the least.

I do have a problem when people like Romney, Koch, Norquist and many others make their money at other peoples expense and it is done deliberately.
I do have a problem with Republicans gaming regulation and legislation for huge corporate profit at the expense of Americans.
 
2012-06-30 05:05:41 PM

cirby: The top BRACKET was that high, but the amount paid? Actually about the same as right now.


So, not one single person, the "top" taxpayer as it were, paid 80% of the top bracket of his or her income? Not one?
 
2012-06-30 05:05:52 PM
That was a very good article.

Author was much more gracious writing about some of his subjects than I would have been.
 
2012-06-30 05:06:15 PM
Pallwitz scrapes by on $900 a week-enough to qualify as middle-class but not to take his wife away for an anniversary weekend.

Unless you live in some major metropolis- fark you. We're talking Iowa here, not Conneticut. If you have to "scrape by" at $900/weekly, you're doing it wrong. "Surviving" pretty well at $700+ weekly myself- 2 paid off late model cars, able to maintain a nice suburban home, and contributing to my savings account weekly. This idiot can't even get out of state? My wife is able to swing a pilgrimage back to Japan every year though, admittently, her parents cover for the kids' plane tickets. Accessing a food bank? Something seriously isn't adding up here.
 
2012-06-30 05:06:28 PM
Also, the effective tax rate for many high income earners is lower today than even when deductions were like the wild west, particularly for investors.
 
2012-06-30 05:08:06 PM
This was a very fair and thoughtful piece, in my opinion, which portrayed some of the legitimate roots of the views that are held across the economic spectrum.

Unfortunately, this is Fark, and everyone is already screaming.
 
2012-06-30 05:09:30 PM
Raise the capital gains tax. That's the main loophole the wealthy use to get around paying income taxes.
 
2012-06-30 05:11:01 PM

rugman11: I actually have way more respect for him than the Amazon guy because at least Wayne's willing to do something good with his money, he just wants to define what "good" is. The other guy is fully comfortable doing nothing until somebody tells him to.


Actually, it sounded like one person was simply trying to brag about his philanthropy (but oh so secretly, which is why he kept bringing it up) while railing against the freeloaders (which means, I'm pretty sure his philanthropy is spent on some pretty horrendous causes), while the other simply didn't give a fark (literally) whether anyone thought he was doing what's right with his money.

I don't really understand where you got "doing nothing." Because I'm sure that guy just sits on a billion dollars and never uses it for worthwhile causes. Maybe he doesn't, but the fact that he's not GLOATING about it doesn't really say anything.
 
2012-06-30 05:12:39 PM

puffy999: How many teachers in tiny, crappy towns are going to make $100,000 a year after twenty years teaching? I'm not talking about New York City, I'm talking about Butfuk Falls, Nevada,



I'm guessing zero.

Pulled up on just a quick Google Search that the average teacher in South Carolina for someone with a Bachelor's Degree and 20 years experience is $48k.

Which is certainly much lower than 100k, and probably much lower than other college educated professionals with 20 years experience in their field.
 
2012-06-30 05:12:52 PM

dkendr: Quit counting other people's money and get on with your life.


Whoa, whoa whoa, fella.

Remember how when things go to crap, the first thing - the FIRST thing - that we do is give tax breaks to the rich. But when we sit down and try to build a future for our country, the rich can't be asked to do their part?

Bull f*cking shiat.
 
2012-06-30 05:13:36 PM

Mugato: A decade? They've been pushing trickle down economics for 30 years.


30 years? Tax rates, especially for the rich, have been on a virtually monotonic decline since the Kennedy administration. Surely if the top tax bracket has declined from 70% (which Kenny reduced it to) to 33% now, and with the rich actually paying typically between 10-20%, rather than complaining that they "terk er jerbs" we should be offering bonuses to the entire population of Central America to come here since we've got more jobs than we know what to do with.

Oh, well... It's... as if the whole trickle-down theory is complete bullshiat! Except for the part about giving the super rich all your money.
 
2012-06-30 05:13:36 PM

clowncar on fire: Pallwitz scrapes by on $900 a week-enough to qualify as middle-class but not to take his wife away for an anniversary weekend.

Unless you live in some major metropolis- fark you. We're talking Iowa here, not Conneticut. If you have to "scrape by" at $900/weekly, you're doing it wrong. "Surviving" pretty well at $700+ weekly myself- 2 paid off late model cars, able to maintain a nice suburban home, and contributing to my savings account weekly. This idiot can't even get out of state? My wife is able to swing a pilgrimage back to Japan every year though, admittently, her parents cover for the kids' plane tickets. Accessing a food bank? Something seriously isn't adding up here.


I was wondering if it was $900 net or gross.
 
2012-06-30 05:16:08 PM

rugman11: mr intrepid: and employs people to manage them. He found a need people had, and created products and services to meet it. As opposed to what we see on wall street, which isn't far removed from what happens in V

I actually like the comparison between him and the guy one step down. That guy got lucky by giving a friend $50k. He sees his world as having been bought and paid for by luck. He doesn't think he's earned it so he's okay with the government taking some of that and using it to help other people.

Wayne, on the other hand, built his empire from scratch, one building at a time. Sure, he probably had some luck along the way but the bulk of his fortune was made with his own two hands. He's more than charitable enough and it's his money, dammit, and he'll be damned if anybody's going to tell him how to use it.

I actually have way more respect for him than the Amazon guy because at least Wayne's willing to do something good with his money, he just wants to define what "good" is. The other guy is fully comfortable doing nothing until somebody tells him to.


Wayne wants the recipients of his miserly "largesse" to grovel and weep with gratitude and humiliate themselves and give his taint a tongue bath. The Amazon guy is much less Scrooge-ish and has a happy demeanor as well as much less bitterness.
 
2012-06-30 05:18:31 PM
"...plenty of statistics showing that a guy with Wayne's level of wealth has never had it so good in America. And yet of all the people I interview, Wayne is the only one who seems angry about the politics of his situation. Frantz, Rebecca, Dennis-those at the bottom looking up showed no animosity for the rich at all."
 
2012-06-30 05:18:39 PM

Dr. Whoof: rugman11: I actually have way more respect for him than the Amazon guy because at least Wayne's willing to do something good with his money, he just wants to define what "good" is.

And he's earned the right to determine what "good" is because...?

Also, it's very hard for me to believe someone who saw how awful life is when you're poor (as he claims to have been when he was younger) would not bemoan the social programs that made their life just a little better back then. In other words, this guy is either a) an amnesiac or b) a liar. I'm going with B.


Because it's his money. He gives away tens of millions of dollars, probably hundreds of millions and still people are clamoring for more and claiming that he's the villain because he does what every single other person in this country does and minimizes his tax payments.

Now, I think are tax code does need a lot of overhauling, but I don't think his position is unreasonable.
 
2012-06-30 05:22:00 PM

clowncar on fire: We're talking Iowa here, not Conneticut.


And we're talking a suburb of Des Moines, not f*cking Field of Dreams in a cornfield.

SHOCKING, I know, but metro areas with a population around 500,000 people don't have $10,000 homes just laying around (unless you're likely to be shot in them... and in PARTS of Des Moines, this is actually the case). In fact, these people make well below the median household income for their community. For a comparison, the median income in the town in which these people live is higher than that of Hamden, a suburb of New Haven (probably the closest population comparison to Des Moines).
 
2012-06-30 05:23:34 PM
It's been said many times that the GOP want to return America to the glory days of Eisenhower, but actually they despise the Eisenhower era. In the 1950s, people admired and appreciated middle class like teachers, fire fighters and policemen. The GOP propaganda manhine has turned gullible people to believe the reason why 30 years of trickle down economics hasn't trickled down to them is because their middle class peers are eating up their share. It would be hilarious folly if it wasn't so sad how easily manipulated they are.
 
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