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(Gothamist)   Professions that pay $400/hour: 1) Lawyer 2) Brain Surgeon 3) Play-Date Consultant for rich snowflakes who suck at playing   (gothamist.com) divider line 11
    More: Asinine, Rich Kids  
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6376 clicks; posted to Main » on 20 Jul 2013 at 2:31 AM (39 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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m00
2013-07-20 06:33:41 AM
2 votes:

ennuie: Reading comprehension fail. OP clearly stated a number of acceptable ways to become rich ("by writing an awesome app or making an awesome movie or buying a chain of laundromats "), however investment banking was explicitly not one of them.


Thank you :)

I believe in the free market. Which is... you make something great, or provide a great service, and people buy or use it... and you get wealthy. I'm not begrudging the Bill Gates or Steve Jobs or even the Sam Walton's of the world. I'm not criticizing professional athletes or movie stars or rock stars who entertain millions and become extremely wealthy.

But in my mind, there is a specific group of the 1% who really are parasites on the system. Chief among this class are investment bankers and those who make money in high finance, but generally speaking anyone whose primary business is to leverage the relationship between government and money in order to redistribute the wealth from the tax base at large to themselves. The two cities most notorious for creating this class of parasitic millionaire are New York and DC. What's particularly galling is that even in the midst of a crippling recession they still manage to vacuum up whatever public funds are supposed to go to recovery.

The problem is that criticizing this group has been equated with criticizing the concept of wealth. When in fact the least free-market policy government can implement is one where money is taken from the poor and middle-class and give it to the rich. Investment bankers aren't operating in a free market -- they are operating in a protected market for their own personal enrichment, where no matter what they do they are guaranteed the government will take the wealth out of your pocket and put it into theirs.

See, I believe the underlying principle of free market is risk v reward. Bill Gates took a risk. Steve Jobs building the Apple I in his garage which he funded by selling his personal items is taking a risk. Anyone who founds a startup takes a risk. The vast majority of new businesses fail in the first year. The vast majority of people who try and become a professional athlete, or musician, or actor don't make it. You can keep your stable boring job, or you can take a chance. But there is no risk in high finance. Regardless of whether their reckless gambles pay off or fail catastrophically they earn millions a year. And when they still manage to blow it, the government just bails them out and they go right back to paying themselves million dollar bonuses.

It's a rigged game. This is not capitalism. It's shameful.
m00
2013-07-20 03:04:10 AM
2 votes:
I'm not against the rich, but I am against people gaining their wealth by dishonest or anti-capitalist means. Since this is New York, we're probably talking about investment bankers. If it were DC, it would be government contractors.

So I am saying if these parasites don't stop spending their vast wealth in asinine ways there's going to be some social accountability down the line when the proles get fed up enough to start voting in serious wealth re-distributors. Because these people didn't get rich by writing an awesome app or making an awesome movie or buying a chain of laundromats. They got rich by making risky bets with other people's money, failing, and getting bailed out with those same people's tax dollars (who already lost everything). If these "posh Manhattanites" are spending $400 for this nonsense, then clearly the only lesson they learned from the banking/mortgage crisis is that they are a government-protected privileged class.
2013-07-20 05:51:54 AM
1 votes:
Moms?  One of these days, your little accessory is going to hit puberty and become interested in other aspects of their lives outside of providing you with "well MY PRECIOUS BABY has.." stories for the other vain, competitive cows you hang out with when you should be raising your kids.  50.00 says they wont send a thank you card.
2013-07-20 05:32:16 AM
1 votes:

digistil: This. Lawyers that aren't 110% morally corrupt don't actually take home anywhere near that.


Apparently I married a more than 110% morally corrupt lawyer. Score.
2013-07-20 04:36:19 AM
1 votes:
m00: Are you trolling or what?

Your post was the equivalent of claiming not to be racist, using a qualifying 'but', and then telling a racist joke.

Your post was the equivalent of claiming to condemn terorrism, using a qualifying 'but', and then providing a full justification for the motivations of a suicide bomber.

Your post was the equivalent of stating X, using a qualifying 'but', and then going full !X.
2013-07-20 03:33:06 AM
1 votes:

letrole: m00: I'm not against the rich, but [class warfare rant redeacted]


its only class warfare when the poor fight back.
2013-07-20 03:14:43 AM
1 votes:
d3gtl9l2a4fn1j.cloudfront.net
2013-07-20 02:50:39 AM
1 votes:
Makes me has a sad that there are rich people out there who would hire a service like this and willingly pay them $400 an hour because they're unwilling to parent, like they were willing to fark to make the kid; but also own a business and have an average wage for those employees leveled out around $9 an hour, even though their employees do more for that rich man than the snot nosed kid they didn't want.
2013-07-20 02:48:27 AM
1 votes:
I would say this is silly, but then I thought about how babies grow up observing their parents interact more with their phones than with other humans and suddenly it started to make sense.
2013-07-20 02:45:48 AM
1 votes:
Um, lawyers may charge the client $400+ dollars per hour. Most of that money goes straight to court fees, private court reporters, copy guys, rent, paychecks for secretaries, local hookers . . .
2013-07-20 02:33:49 AM
1 votes:
Psychology majors have to make a living somehow.

/ducks
 
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