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(GQ)   How to live on $625,000 a week: "WAAAAH I'M BEING PERSECUTED"   (gq.com) divider line 121
    More: Interesting, Pacific Coast Highway, enemy of the state, washing dishes, Sun Valley, hand sanitizer, Grapes of Wrath  
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6711 clicks; posted to Politics » on 30 Jun 2012 at 4:13 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-07-01 10:18:56 AM  

tenpoundsofcheese: 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.


i.qkme.me
 
2012-07-01 10:23:44 AM  
Wayne talked to me about "derelicts on welfare" who check themselves into the hospital because they're "bored" and "want feeding," and "we're paying for all that activity." He said too much tax money is spent on "guys going to chiropractors, guys getting massages! On us! Give me a break. Guys getting Viagra!" He talked about "Los Angeles bus drivers who are on permanent stress leave because someone spat on them when they got on the bus, and now they're emotionally upside down. More than half the bus drivers are out on stress leave! Systems like that cannot work!" It seemed as if, for Wayne's philosophy to work, he needed to believe that those who don't make it deserve their ill fortune.

Later, I hunt for data that back up Wayne's feckless-bus-driver nightmare scenario. I can't find any. I do find something else, though-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.


I wonder which names in my ignore list belong to Wayne.
 
2012-07-01 10:27:27 AM  

GolemGolem: 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...


Well of course it matters. If he's bringing $900 net in a week, yeah, I don't want to hear about how he can't drive across Iowa. If that's gross, with the insurance payments and the kids and feeding two little human beings every day? That's pretty rough.
 
2012-07-01 11:04:42 AM  

ocirats: 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.


They are just horrible with their money. They're the upper class's version of the poor guy who spends $50 a week on smokes and that much on lottery tickets.
 
2012-07-01 11:07:31 AM  

Nemo's Brother: ocirats: 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.

They are just horrible with their money. They're the upper class's version of the poor guy who spends $50 a week on smokes and that much on lottery tickets.


Poor guy: smokes, lottery ticket, $35,000 car, $85,000 house.

Rich guy: 500,000/year salary, 2 million dollar home, 50,000/year tuition for kids, when confronted with increased taxes he talks about laying off minimum wage gardener and calls you a heartless asshole for making him the job uncreator.
 
2012-07-01 12:05:21 PM  

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


........and accept that your Legislators are owned by 'other people' and that things are skewed in their favor at your expense.

true.
 
2012-07-01 12:06:26 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.



the new america is all about the Owners and what they want their government to do. the other 95% can f*ck off.
 
2012-07-01 12:08:15 PM  

themindiswatching: dickfreckle: Anyway, where are the jobs?

China. But they'll justify that somehow, assuming you could get them to admit it.



ahem. Communist China. its still run by the Communist Party of the People's Republic of China.
 
2012-07-01 12:09:20 PM  

HawgWild: That was a very interesting read ...



yes it was.

the truth is always stranger than fiction.
 
2012-07-01 12:16:41 PM  

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


The richer rich people get, the poorer poor people get.

Are the rich making you poor?
 
2012-07-01 12:58:46 PM  

Umeraken Ideut: 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.


Wow. This thread has been a wake up call for me. I didn't realize so many people were making so little.
 
2012-07-01 01:58:45 PM  
Is it just me, or does every billionaire Jon Ronson interviews sound like Holden Caulfield?

static8.businessinsider.com

B. Wayne Hughes:

"It's the idea of entitlement," he snapped. "That idea wasn't there in the history of this country. When the politicians said, 'Everybody is entitled to a house,' you saw what happened. And now you have 'Everybody is entitled to go to college.' Which is stupid! When I went to college, I had to drive a truck to pay. I had a partial scholarship, but I took care of myself."

"So you're saying everybody is entitled to college but should have to pay his or her own way?" I asked.

"Some people don't belong in college!" he said. "That should occur to you."


i158.photobucket.com

Al Dunlap:

"I've got a list of personality traits written down here that define psychopathy," I said, pointing at my pocket.

"Who the hell are the people who make the list?" said Al. "What are their names? How about I never heard of them?"

At this, I realized I could turn the situation around, to make Bob Hare take the blame, in absentia, for the unpleasantness. "Bob Hare," I said. I pronounced his name quite clearly. "Bob Hare."

"I've never heard of him," said Al, a triumphant glint in his eye.

"Never heard of him," Judy agreed.

"He's a psychologist," I said. I exhaled, to indicate that I felt the same way he presumably did about psychologists.

"So that list," said Al. He suddenly looked intrigued. "Go ahead," he said. "Let's do it."
 
2012-07-01 02:03:37 PM  

Otherwise Just Fine: Wow. This thread has been a wake up call for me. I didn't realize so many people were making so little.


The median personal wage in 2011 was just over $26k/year, or about $500 per week. That's the median, which means that half the people in this country, or more than 100 million folks, make less than $500 a week.

So yeah. Most people are making so little.
 
2012-07-01 02:12:28 PM  
Wow, this chart is pretty depressing.

upload.wikimedia.org
 
2012-07-01 02:31:26 PM  

Chameleon: Otherwise Just Fine: Wow. This thread has been a wake up call for me. I didn't realize so many people were making so little.

The median personal wage in 2011 was just over $26k/year, or about $500 per week. That's the median, which means that half the people in this country, or more than 100 million folks, make less than $500 a week.

So yeah. Most people are making so little.


Right. I was responding to a guy who said he made 200 a week, which is just over 10k a year. I think that's really low. Like college part time job low. But that's just me. Again, I'm surprised someone can get by on that. But it is apparently very possible.

Original comment about 200 bucks a week.
 
2012-07-01 02:43:51 PM  

Otherwise Just Fine: Chameleon: Otherwise Just Fine: Wow. This thread has been a wake up call for me. I didn't realize so many people were making so little.

The median personal wage in 2011 was just over $26k/year, or about $500 per week. That's the median, which means that half the people in this country, or more than 100 million folks, make less than $500 a week.

So yeah. Most people are making so little.

Right. I was responding to a guy who said he made 200 a week, which is just over 10k a year. I think that's really low. Like college part time job low. But that's just me. Again, I'm surprised someone can get by on that. But it is apparently very possible.

Original comment about 200 bucks a week.


Don't worry, if he gets in a car accident or sick for a few weeks he's pretty much dead without assistance, so he really isn't getting by. :/
 
2012-07-01 02:52:20 PM  

Otherwise Just Fine: Right. I was responding to a guy who said he made 200 a week, which is just over 10k a year. I think that's really low. Like college part time job low. But that's just me. Again, I'm surprised someone can get by on that. But it is apparently very possible.


I think he means he makes $200 net per week, which means after he's paid his bills for the month, he has an extra $1000 dollars. I wish I could complain about that. Anything "net" goes straight back into student loans.
 
2012-07-01 02:59:08 PM  

Otherwise Just Fine: Right. I was responding to a guy who said he made 200 a week, which is just over 10k a year. I think that's really low. Like college part time job low. But that's just me. Again, I'm surprised someone can get by on that. But it is apparently very possible.


Well, note the chart above. Apparently just over 7.5% of households manage to live with less than 10k a year in income. So it's obviously possible.
 
2012-07-01 03:09:43 PM  

Chameleon: Otherwise Just Fine: Right. I was responding to a guy who said he made 200 a week, which is just over 10k a year. I think that's really low. Like college part time job low. But that's just me. Again, I'm surprised someone can get by on that. But it is apparently very possible.

Well, note the chart above. Apparently just over 7.5% of households manage to live with less than 10k a year in income. So it's obviously possible.


But not with copious amounts of booze. I guess you could make your own still and buy molasses in bulk.
 
2012-07-01 04:46:09 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).


Urbandale resident here... just slightly more income than the interviewed family, only one kid, own a house instead of rent an apartment, and not much fluff in my family budget. So this struck me as being very personal when I read it in the article. This family isn't going to come out money ahead every month.

We'll assume the $900/week is gross. So, what, about $3200/month after taxes with two kids? Here's a family budget:
-The article mentioned around $375 in health insurance. That will just be the adults - the kids are probably covered by HAWK-I (tobacco-settlement funded state plan).
-2-3 bedroom apartments in Urbandale: $850-$1100 with no utilities covered. Utilities for an apartment that size would probably be $75-$100 a month, renters' insurance another $40 or so. Are there cheaper areas in the metro? Yes. But Urbandale's public schools are among the best in the nation, so renting here is worth every penny with two small kids.
-I'm guessing they only have a single income, which hopefully means they don't have to pay for daycare. Daycare centers around here start at $150/week per kid, so it would completely offset a second income.
-Hopefully they don't have a monthly car payment and have decent driving records. For comparison's sake, we own both of our family vehicles and pay about $120/month in car insurance.
-For our family of 3, we spend over $400/month in groceries (but we do spoil ourselves on fresh fruit and veggies). So we'll call it $500/month for this family unless they use that food bank.
-Gas is cheap here (don't complain - it keeps food prices down everywhere). Call it $100-$150/month for fuel if they drive roughly as much as we do
-We'll say a minimum of $100/month for a shared cell phone plan and no home phone
-Minimum $40/month for internet. Since they have children, we'll assume they have cable or dish, adding at least another $50/month.
-Don't remember the kids' age from the article. But we'll figure a bare minimum of $100/month for child needs (clothing, books, household).
-Another $50-$100 for grownup clothing, hygiene, sundries, incidentals.
-Hopefully neither of the adults are smokers. That's another, what, $100/month each (I honestly don't know)?

So we're at around $2700/month for bare living expenses. This isn't accounting for any kind of medical bill, car repair, student loan, an occasional outing at a restaurant, zoo, science center, or movie theater, birthday and Christmas gifts... and assuming they're both non-smokers and the kids don't need daycare. Even on a conservative estimate for incidentals - they probably aren't saving more than a couple hundred bucks on a good month.

Middle-class life? Yep. Could it be worse? Certainly. But they aren't on any state or federal welfare dollars (not counting the tobacco-funded health insurance).
 
2012-07-02 03:26:50 PM  

T.M.S.: 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.


Only the elite and their slobbering goons use that allegation. OWS isn't anti-capitalism. It's anti-white collar criminals who want to create a new Dark Age, with the rich as the new Lords and Ladies, and everyone else living like animals.
 
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