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(GQ)   How to live on $625,000 a week: "WAAAAH I'M BEING PERSECUTED"   (gq.com ) divider line
    More: Interesting, Pacific Coast Highway, enemy of the state, washing dishes, Sun Valley, hand sanitizer, Grapes of Wrath  
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6712 clicks; posted to Politics » on 30 Jun 2012 at 4:13 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-30 05:23:37 PM  
Also, I know, *gasp* PRICES ARE HIGHER IN AREAS WITH HIGHER MEDIAN INCOMES, GENERALLY. Which, oh right, was your point, wasn't it?
 
2012-06-30 05:27:03 PM  

Dr.Zom: 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.


^^^^^ THIS

Once a business incorporates and starts listening to the "Bright Boys" with the MBA's, instead of the employees and management that got them that far, then it becomes a game of Three Card Monte. When they are convinced that its more profitable to suck the profits out and offshore their investments instead of plowing it back into creating a better, more competitive product, It's game over man. Game Over!
 
2012-06-30 05:30:54 PM  
I am not an economist, but even though I think it would be like pigs to a slop pit, we should've given the bailout money to the people and have them buy stuff as that would've increased demand which would've created jobs. As we get larger in numbers we have to build more disposable things for people to keep creating demand for things to buy therefore having people hired to make them. Unfortunately this would make us a very fat and wasteful society (as if we aren't already). Growth requires consumption, no matter how odious.

The rich by hoarding the wealth don't create consumption and people are trying to pay down their debts which limits consumption.

(the only way to survive is to become assholes, as I believe America is too large of a space to govern well re: Jefferson)
 
2012-06-30 05:31:06 PM  

puffy999: 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).


Yeah, my wife and I earn a little better than $900/week (assuming that's net and not gross) in a similar area, but in Kansas. We're doing pretty well for ourselves (would be even better without $750/month in student loan payments) but if we had two kids and non-city jobs (with their cheap health care plans) we'd be really struggling.
 
2012-06-30 05:31:34 PM  

rugman11: 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.


Everybody sending money to their pet charities would be a horrible way for society to address the poor and uninsured and elderly problems we have. Also, many charities are horrible at actually getting that money to the problem.
 
2012-06-30 05:34:25 PM  

Mawson of the Antarctic: I am not an economist, but even though I think it would be like pigs to a slop pit, we should've given the bailout money to the people and have them buy stuff as that would've increased demand which would've created jobs. As we get larger in numbers we have to build more disposable things for people to keep creating demand for things to buy therefore having people hired to make them. Unfortunately this would make us a very fat and wasteful society (as if we aren't already). Growth requires consumption, no matter how odious.


The structural problems of wage stagnation would would still exist and the problem would just pop up in 6 months anyway. Until businesses stop using the labor force as their first cost-cutting measure nothing will change.
 
2012-06-30 05:35:11 PM  

qorkfiend: 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...


So, things are just as they were back in the Goode Olde Dayes! What's your complaint?
 
2012-06-30 05:36:37 PM  

Sabyen91: Everybody sending money to their pet charities would be a horrible way for society to address the poor and uninsured and elderly problems we have. Also, many charities are horrible at actually getting that money to the pro


I'm not saying that's the way it SHOULD be, I don't agree. I'm just saying, from his perspective, he's being a good citizen and people are out there calling him the devil (probably not literally). That would piss me off, too. I don't agree with his interpretation of how governments and wealth transfer should work, but I understand where he's coming from.
 
2012-06-30 05:37:51 PM  
I've worked for small companies and large. One small company I worked for was deep in the red when I started working there. Then the software team (which I was a part of) managed to turn things around by significantly improving their software package. I worked on the design, user interface, and did the majority of the testing on the software. We worked 60 to 70 hour weeks for months on end to make that happen. Then the boss announced that we were no longer in the red and that it was largely due to the hard work of the software team. It was around Christmas time and a day or two before we closed up for the holiday the CEO called all the guys on the software team to come check something out. A few of us thought maybe we would get a Christmas bonus for all the hard work we had put in. We get up to the front and the CEO calls us outside. So we walk outside and there is a brand new Denali with a matching trailer with a matching custom golf cart on the trailer. The CEO wanted to show us what he bought himself with some of the profits... that was it. They didn't even give us so much as a box of peanuts as a thank you for all the long hours, but he sure as hell wanted to make sure we knew he was being hooked up.

Long story short... the entire software team quit and moved to other jobs inside of a month. A lot of rich folks... just can't bring themselves to share the spoils.

IF I had a company and was paying X% on wages for my employees and they did their jobs well and then the company turned a decent profit, everyone in my employ would receive an increase in their wages that directly reflected how profitable the company was. Essentially... the more the company made, the more the employees would make. Most companies seem to dump the vast majority of that extra profit into CEO bonuses, perks, and pay. And that seems to be where the hording really gets rolling.

Sounds to me like the guy who owns the storage units... well... if he's got billions in extra money, sounds to me like he's not paying his employees nearly what he could afford to pay them (and still live more than comfortably). In fact, if he did pay them more, chances are he would get even better work out of his employees since they wouldn't have to struggle as much. Greed, unfortunately, trumps logic far too often in my opinion.
 
2012-06-30 05:43:56 PM  

JohnnyC: I've worked for small companies and large. One small company I worked for was deep in the red when I started working there. Then the software team (which I was a part of) managed to turn things around by significantly improving their software package. I worked on the design, user interface, and did the majority of the testing on the software. We worked 60 to 70 hour weeks for months on end to make that happen. Then the boss announced that we were no longer in the red and that it was largely due to the hard work of the software team. It was around Christmas time and a day or two before we closed up for the holiday the CEO called all the guys on the software team to come check something out. A few of us thought maybe we would get a Christmas bonus for all the hard work we had put in. We get up to the front and the CEO calls us outside. So we walk outside and there is a brand new Denali with a matching trailer with a matching custom golf cart on the trailer. The CEO wanted to show us what he bought himself with some of the profits... that was it. They didn't even give us so much as a box of peanuts as a thank you for all the long hours, but he sure as hell wanted to make sure we knew he was being hooked up.


What? Was he looking to get crucified when he woke up that morning? It sounds like in addition jackassery, money also buys you obliviousness.
 
2012-06-30 05:54:33 PM  
The "politics of envy' that I see is Republicans who make very little hating people in the middle class a notch above themselves. Especially union members for some reason.

"That union guy makes more than me!" So, join the union, or insist that unions be abolished, union members make the same as the low-paid morons, and give the difference to the wealthy, who are Like Unto Gods?

Why, insist that union members be brought down.
 
2012-06-30 05:57:07 PM  

germ78: Raise the capital gains tax. That's the main loophole the wealthy use to get around paying income taxes.


Doesn't that suggestion make you guilty of being an Anti-American, Socialist, Freedom Hating, Anti-Business Liberal that should be tried and found guilty of treason?

Or something like that....
 
2012-06-30 05:59:39 PM  

ghare: The "politics of envy' that I see is Republicans who make very little hating people in the middle class a notch above themselves. Especially union members for some reason.

"That union guy makes more than me!" So, join the union, or insist that unions be abolished, union members make the same as the low-paid morons, and give the difference to the wealthy, who are Like Unto Gods?

Why, insist that union members be brought down.


Unfortunately, they are Authoritarian puppets being used like pawns.
 
2012-06-30 06:03:25 PM  
Guess what, compatriots? The gap between the richest and the poorest among us is now wider than it has been since we all nose-dived into the Great Depression.

The reaction of the richest:

legacy.stripes.com

"I'M COMING IN FIRST! I'M WINNING, I'M WINNING!"
 
2012-06-30 06:09:34 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.


People do not have money that is theirs. Money is a function of states and governments and has nothing to do with private enterprise.
 
2012-06-30 06:20:11 PM  

rugman11: 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.


Wayne, on the other hand, paid others to build his empire, one building at a time.

Wayne looks down on the very workers who build his buildings and rent his units.

If we raise his tax rate he'll still be a billionaire. So what is the problem?
 
2012-06-30 06:22:50 PM  

Without Fail: rugman11: 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.

Wayne, on the other hand, paid others to build his empire, one building at a time.

Wayne looks down on the very workers who build his buildings and rent his units.

If we raise his tax rate he'll still be a billionaire. So what is the problem?


The problem is we might be forcing him to go all John Galt and get a time machine and not build those buildings and more people would be homeless.
 
Ant
2012-06-30 06:24:07 PM  

quatchi: 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?


It's Jon Ronson. I love Jon Ronson.
 
2012-06-30 06:28:04 PM  

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


Thread-sh*tting Teabagger - drink!
 
2012-07-01 12:36:20 AM  

ghare: The "politics of envy' that I see is Republicans who make very little hating people in the middle class a notch above themselves. Especially union members for some reason.

"That union guy makes more than me!" So, join the union, or insist that unions be abolished, union members make the same as the low-paid morons, and give the difference to the wealthy, who are Like Unto Gods?

Why, insist that union members be brought down.


During the Walker recall I heard a woman on the radio complaining how these Union types had it so much better than her and why shouldn't they be poor with no insurance like her? It never dawned on her that perhaps she could join a union herself or what was going to happen when all those middle class dollars left the state's economy. Nope, she just wanted her neighbors to suffer as she did, out of spite.
 
2012-07-01 12:53:05 AM  

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.


Someone show this farking moron a chart or two on the returns of government spending.
 
2012-07-01 01:01:07 AM  

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.


Its all fun and games until we run out of rich people and its your wealth they are taking.
 
2012-07-01 01:03:01 AM  

InmanRoshi: 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.


Trickle down economics is about economic wealth, not accoutning wealth. Perhaps it is a bad idea to take economic advice from a actor opposed to economists.
 
2012-07-01 01:05:38 AM  

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,


You lose credibility when you make farking stupid blanket statements. I earn less than $60K gross, and that's with ten years, a masters and a $4K bonus for teaching math.

And from here it doesn't go up much more...the steps end after around 15 years. After that it's just COLA, if you are lucky.
 
2012-07-01 01:06:57 AM  
If we lower taxes on the richest Americans then those individuals can keep more of their wealth, which they can then reinvest in creating jobs and opportunity, however the taxes are still too high, so if we lower taxes on the richest Americans those individuals can keep more of their wealth, which they can then reinvest in creating jobs and opportunity, however the taxes are still too high, so if we lower taxes on the richest Americans...
 
2012-07-01 01:12:55 AM  

derpdeederp: Trickle down economics is about economic wealth, not accoutning wealth. Perhaps it is a bad idea to take economic advice from a actor opposed to economists.


FTFY
 
2012-07-01 01:21:15 AM  
The only sentence you need to read in the whole thing:

"The best ideas in the world aren't worth jack shiat unless you have someone to sell to."
 
2012-07-01 01:33:50 AM  

dickfreckle: 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.


I think that says just about everything that needs to be said in re the mindset of these fools.
 
2012-07-01 02:27:09 AM  

make me some tea: 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,


Does he give more than the average middle class American, percentage wise? Does what he gives affect his lifestyle more or less than the donations of the average middle class American?

Even if you make 2 billion a year and give half of that away, the simple truth is that what you gave away was still likely to have less of an impact on your lifestyle than what others give.

rugman11: Now, I think are tax code does need a lot of overhauling


Account created:

2012-05-17 23:01:19

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


When you are rich enough, you get to write the bible, or at least what the next generation will teach their kids is in it.
 
2012-07-01 02:55:32 AM  

mitchcumstein1: 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.

Does not matter. Me an my wife together bring in 400$ a week, both working all the hours we can weasel out of our middle class managers. I dream of going back to the days of making 12$ an hour and getting overtime. As it stands until we fell in love with a dog that hates strangers and strange situations we could get across the state and get a shiatty motel for a couple days, and we still eat well, still putting the max I can in the ol' 401K. . .Just can't get financing for a 30K house we want, and once one of us gets the cancer and/or loose work it's all over. 900$ a week I'd love it, but my life ain't dickens at half that, until something goes wrong...
 
2012-07-01 03:12:57 AM  
Thanks for the article, subby, and approving admin. It was an interesting read.
 
2012-07-01 03:36:04 AM  
Good article.

FWIW, even the upper 20% (but less than 10%) are "struggling."Partners at my firm in SF are making good money @ 500k/year on average, but considering their mortgage and kid tuition payments (farking $25k per year, per kid!), they are what I would consider middle class twenty years ago.
 
2012-07-01 04:06:30 AM  
Its all fun and games until we run out of rich people and its your wealth they are taking.


BS
Money spent returns to the economy. Inovators will become wealthy despite paying their fair share.
 
2012-07-01 04:52:11 AM  

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.


I'd be happy with $5,000 a month, since that's roughly a third of what I make in a year.
 
2012-07-01 05:22:08 AM  

BarkingUnicorn: That lady who pays a business manager $100K/year and still pays 35% in taxes needs a new business manager.


No, she just needs to not lie. She has no idea how much she pays in taxes- percentage wise or dollar amount, it's one of those bills she puts in a box and says "take care of this".

She agreed to this interview, knowing what it was about, and so she knew she'd be asked that question, so she asked someone or looked up what the tax rate is, and gave that as her answer
 
2012-07-01 05:23:07 AM  
Link

Here's that Nick guy, I watch this about once a week.
 
2012-07-01 05:54:34 AM  

RINO: 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.

I'd be happy with $5,000 a month, since that's roughly a third of what I make in a year.


I need to start making $5000 a month, since half of that will be going straight back to Sallie Mae.
 
2012-07-01 06:50:16 AM  

RINO: 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.

I'd be happy with $5,000 a month, since that's roughly a third of what I make in a year.


That's what I was thinking. I'm college educated, 31 years old, work my ass off, always try to get overtime, and I'm LUCKY if I'm taking home $200/week.
 
2012-07-01 07:13:26 AM  

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.


I would settle for $2500/week
 
2012-07-01 07:18:50 AM  

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!


Then OWS needs a new schtick. Because loudly claiming everyone with a high income or assesst is a criminal is getting old.
 
2012-07-01 07:39:18 AM  

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.


Yeah, those Mara and space elevator ideas certainly arent a black hole. And we know that money"accruing interest" just sits in a banks vault and isn't redeployed in any productive investments. Banks are happy to pay interest and just put cash in a vault making
nothing. They make it up on volume.

Article is total fail that repeats the lie about preferential rates for investors.
 
2012-07-01 07:50:23 AM  
I threw up a little in my mouth when I read that "healthcare" was the boogeyman and that UK had "free" healthcare.

A fair mix of European subserviance, ignorance and gullibility is required to believe that anything in a socialized economy is free; ESPECIALLY as we are now watching the slow motion disintegration of that socialized ideal in Europe. UK PLEASE GO STUFF YOUR "FREE" SOCIALISM UP YOUR A$$3$ ALONG WITH YOUR DOLE. Welfare states are sickening to people who have worked for their money.
 
2012-07-01 07:51:47 AM  

Debeo Summa Credo: 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.

Yeah, those Mara and space elevator ideas certainly arent a black hole. And we know that money"accruing interest" just sits in a banks vault and isn't redeployed in any productive investments. Banks are happy to pay interest and just put cash in a vault making
nothing. They make it up on volume.

Article is total fail that repeats the lie about preferential rates for investors.


You mean the lie about how people who invest capital are so likely to lose money that they have to have preferential tax rates? Yeah, that lie is really annoying- risk is an element of investing, as it is an element of pretty much any other form of endevour, and there is no legitimate reason to tax investment returns or capital gains at a lower rate than other forms of income.

Keep spreading the truth, brother!
 
2012-07-01 08:31:34 AM  

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


As soon as the financial system ceases to be rigged and gamed by the people with 99% of the money, then I will. Until then, every penny they own is the equivalent of a crime.

/they're not all bad, but many are.
 
2012-07-01 09:05:36 AM  

thrgd456: A fair mix of European subserviance, ignorance and gullibility is required to believe that anything in a socialized economy is free;


It's a shame the British don't get to enjoy the freedom of being denied insurance because you're too sick like we do here in the US.
 
2012-07-01 09:17:12 AM  

BraveNewCheneyWorld: As soon as the financial system ceases to be rigged and gamed by the people with 99% of the money, then I will. Until then, every penny they own is the equivalent of a crime.


Okay then. So the system is rigged to benefit the people with 99% of the money. So we are really close to it benefiting 100% of the population!! Win!!

Are you for real? If a system is benefiting people with 99% of the money, then it must be at that expense of people with 1% of the money, otherwise there is no benefit to it being rigged.
 
2012-07-01 09:31:04 AM  

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.


www.legalpad.com

What a government black hole may look like.

/people who capitalize Government are a lot like people who capitalize Truth.
//in that they're usually both delusional
 
2012-07-01 09:32:37 AM  

thrgd456: A fair mix of European subserviance, ignorance and gullibility is required to believe that anything in a socialized economy is free; ESPECIALLY as we are now watching the slow motion disintegration of that socialized ideal in Europe.


You say that as if the US is not going through the slow-motion disintegration of the capitalist ideal.

/besides, Sweden is doing great
 
2012-07-01 09:34:23 AM  

HeartBurnKid: 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.

[www.legalpad.com image 640x425]

What a government black hole may look like.

/people who capitalize Government are a lot like people who capitalize Truth.
//in that they're usually both delusional


I can tell that this picture wasn't taken in Indiana or Pennsylvania.

Because I can actually see work being done in the "work zone" in these pictures.
 
2012-07-01 09:36:25 AM  
FTFA: "So if the rich don't create the jobs," I ask, "who does?"

"The middle classes!" Nick roars. "A huge middle class will produce an unbelievable opportunity for capitalists."


This guy needs to be a Senator.
 
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