Cocktail Crowd: "The well-off sector is tired of being beaten up."

[kpete]

Cocktail Crowd Split on Tax Plan

..................

"In New York City, being considered 'a millionaire' doesn't always mean you have so much extra cash. Five hundred thousand dollars goes to the city, state, and federal government. If you have kids in private school, that's about $105,000 in tuition, which pays teachers' salaries, janitors, etc. Mortgage and maintenance can easily be another $100,000 a year. That's lot of money already going into the economy. Over the last few years, relatively well-to-do New Yorkers have been made to feel as if they're doing something wrong by being successful and making money. The well-off sector is tired of being beaten up."

http://online.wsj.com/article/SB10001424052970204226204576601211659913564.html?mod=googlenews_wsj

[SpiralHawk]

1. "Why don't you smelly American proles just STFU?" - Republicon FatCats (R)

[sarcasmo]

56. +1

[hifiguy]

2. They can fornicate themselves with

an iron stick. Bastards.

[meegbear]

3. Right on sistah!

[ixion]

4. perhaps they should stop beating on the working class, then

sounds like they love to dish it out, but can't take like returned in kind.

[The Velveteen Ocelot]

5. My heart fucking bleeds.

:nopity: :nopity: :nopity:

[hobbit709]

6. The privileged class never gets the point until they are running for their lives.

[Brigid]

55. And sometimes not even then.

I wonder if Marie Antionette really understood why she was being hauled up the steps to the guillotine.

[tk2kewl]

7. .

:nopity:

[deutsey]

8. Oh, boo fucking hoo n/t

[Blue_Tires]

9. figures this would be the WSJ

[Ready4Change]

10. Live within your means.

That's what's always said when referring to the lower classes. All those people losing their homes are said to have bought too much house. All the people complaining about living hand to mouth are criticized for wearing a new pair of shoes.

But suddenly, since you have a million dollars, you 'have' to live somewhere where "Mortgage and maintenance can easily be another $100,000 a year." That's over 8 thousand dollars a month for a home. Enough for a 1.75 million dollar home. Sending kids to a private school cost $105,000 a year. What's wrong with public schools? Oh, sorry, you have a million dollars. Public schools just wont do.

Punished, I tell you. Punished because they MUST live in 1.75 million dollar homes and send their kids to snob nosery schools. They have NO choice. Boo hoo.

But for everyone else? Give up on owning a home and rent a trailer. Surrender your retirement plans and just be thankful IF you have any income at all. Name brand Kraft mac and cheese is unneeded luxury when their are generics that are just as orange.

[Fuzz]

41. The poor aren't really poor, 99% have refrigerators!

Remember?

[BuelahWitch]

50. And air conditioning too! Oh the pain!

The Pain! /Dr. Smith impersonation

[pacalo]

11. Well, cut down on unnecessary expenses. That's what we little people have to do.

So you have $295,000 left over after taxes, school tuition, mortgage/maintenance. That's $24,583 per month.

The little people are thankful to have $24 left after expenses per month. And we are continuously being targeted by Republican lawmakers to give up what we can't afford to lose.

They would rather see people go hungry than to give up any of their $24,583 per month to sacrifice for the wars their favored political party pushed for but don't want to pay for.

[City Lights]

12. Poor dears!

:cry:

:nopity: None.

[Tuesday Afternoon]

13. beaten up?????? Dear well-off sector,

please post pics of your black eyes . . .

[The Magistrate]

30. Hear Hear, Sir!

[xchrom]

14. posts #s 10 & 11 speak for me. nt

[Uncle Joe]

48. I second your post, xchrom. n/t

[JBoy]

15. Funny how their definition of "millionaire" differs from mine, too

I always understood a "millionaire" is someone who was worth a million, not someone who earned a million annually. If your income is a million dollars a year, you should be well past being a "millionaire".

[gordianot]

16. I just bleed for them in their pain. n/t

[tularetom]

17. They want you to pay to read that crap?

Well, it's the Wall St Urinal, what can you expect.

[Kurovski]

39. Good paper name there. (nt)

[HughBeaumont]

18. OK, whoever said that (don't know, because I'm not subscribing to WSMurdoch) . . .

. . . just really needs to shut the slappity fuck up, like, NOW.

It's like the old Bizarro comic strip that had the guy on the street with the sign that said "Won the Lottery Twice, Blew the Money Foolishly, Please Help" and the cop tells him "OK, you just need to get off the street now before you get beaten" or something to that effect.

If their lucky asses are boo-hooing on what they have to spend their money on, then maybe they shouldn't be spending it so frivolously.

And who are they trying to bullshit . . . the government takes half? Horseshit. If that's the case, then you people have some really shit-bad accountants.

[Ruby the Liberal]

24. Easy way around Journal subs

Google the exact title of the article.

I have not paid to read a Journal article in eons.

[Lucian]

19. Awwww...I didn't know it was that hard to be a millionaire.

I worked full time last year and earned $12,000.

Try living on that assholes. :eyes:

[frylock]

20. perhaps a real, physical ass-kicking is in order to kinda help put things in perspective..

these sniveling fuckwads have no idea what getting beat up is really all about. the single mom working multiple jobs just to put food on her fambly is getting beat up every fucking minute of her life.

[FiveGoodMen]

26. I think we're about down to that.

They aren't listening now...

[SOS]

21. Something wrong

"well-to-do New Yorkers have been made to feel as if they're doing something wrong by making money. "

If that "making money" included stuffing lousy mortgages into CDOs, bribing S&P to rate them AAA and then selling them to suckers thereby
destroying the US economy and costing the taxpayer billions in bailouts....

Well then yes, you should feel bad for being "successful".

[Ruby the Liberal]

22. The heart bleeds.

She makes her money managing other people's money - just like her father (whose firm she took over) and her grandparents (who founded the firm).

Grade for having the foresight to be born with a silver spoon in your mouth and never actually working a day in your life: A+

Grade for productivity and worth to society: F

[lifesbeautifulmagic]

23. So , what, that leaves $300,000

for vacations, dinners out and shopping?? If they are feeling so broke, they can always put their kids in public schools.

[FiveGoodMen]

25. "If you have kids in private school"

...then go fuck yourself! (Directed at quote, not OP)

We need good public education for any sort of egalitarian democracy to work.

Abandoning the schools for private ones is kind of sucky to begin with.

But then complaining that your elitism costs so much that the rest of us should make sacrifices to support it?!?!?!

Fuck the fuck off!

[Jack Rabbit]

27. They better get used to it

It's not making money that wrong. It's making money in a way that pollutes the air and water, that drives middle class families out of their homes, that ships American jobs overseas, undermines democracy with bribes large campaign contributions and that destroys America's manufacturing base and replaces it with the unproductive, even destructive, financial service industry that's wrong.

Oh, and let's not forget how these assholes turned Wall Street into Las Vegas. No, I shouldn't say that. The Nevada Gaming Commission would shut down any Las Vegas casino that's run like Wall Street is these days.

Next time those motherfuckers want a tax payer bailout, they can suck on it.

[KamaAina]

28. "Five hundred thousand dollars goes to the city, state, and federal government."

Maybe. If your tax accountant got his certification from the bottom of a Cracker Jack box. :eyes:

[hobbit709]

32. If you make enough to pay a half mill in taxes

THEN YOU'RE MAKING TOO GODDAMN MUCH MONEY!

[Lorien]

35. Amen! I remember waaayyyy back when I still made a great salary

I had an accountant do my taxes one year and it turned out that I owed an extra 37k. She told me this and I just wrote the check without comment. She said "geez, usually when I tell clients that they owe that kind of money to the IRS they throw a fit!" I just shrugged and said "then they have no clue how fortunate they are. A person is making far more than they need if they end up owing more than 30k to the government after substantial deductions." The accountant said that she had never ONCE heard a client say that they were "fortunate" to have a large tax bill, which just goes to show how out of touch the wealthy are. A 500k tax bill? They would have to be pulling in -minimally- two million a year to owe that much. I'd bet that they're actually making closer to three million each and every year!

[Ikonoklast]

43. Yeah, that point is ridiculous.

If I earned $1 million a year in taxable income, I am fairly certain my guy can get my total tax liability under 30%, total, without breaking into a sweat.


Create and fund some revocable trusts, and that figure can get close to 0%.

It really ain't rocket surgery, the government gives you those loopholes, if you don't take advantage of them, you are a dolt and won't be wealthy for very long.

[a simple pattern]

51. Oh come now, surely those poor little rich people wouldn't lie about their taxes!

Surely a respected publication wouldn't brazenly repeat such a lie!

[BuelahWitch]

52. Well, they get first dibs on police protection

Why shouldn't they pay?

[Raksha]

29. Well, boo-friggin'-hoo, you whiny entitled assholes!

[Hydra]

31. This reminds me of the tears shed when Wall St blew up the economy

And we were talking about taxing their taxpayer supplied(and completely unearned) bonuses.

Man, those poor people! How can they make it on 500k+ per year?

A totally "Let them eat cake" moment.

[JHB]

33. But they work soooo hard squeezing money from everyone else! n/t

[treestar]

34. aW, being "punished" for their success

So they have to send the kids to 105K school, not 305K school!!!! :nopity:

[toddaa]

36. Let me get something for the poor dears

[butterfly77]

37. Kicked&Recommended...

[Worship Money]

38. If you are making

A million dollars a year- no matter WHAT absurdly expensive city you live in in the world- and you are whining about these specific ostensible "problems", there is something seriously wrong with you.

I'm so sorry you can only fly first class and not in a private jet. It's too bad you can only visit Rio 4x a year, and not own a high rise pent house down there. It must suck to have to shop at Saks and not Savile Row.

Boo fucking hoo.

[seabeyond]

40. it is expensive to live in NY and there are a lot of taxes. they ought to join us and demand the

coprs bring well paying, living wages back to the u.s. so all of us can do better.

we are talking about the people that are merely middle upper in NY area because of the cost. if they are concerned with this, they are not the rich ones people have issue with

[Exilednight]

42. I can tell them a way to save a 105k right off the bat. If their mortgage is a 100k a year, then I

really don't feel sorry for them. With that kind of mortgage, they have to be living in a house that is worth tens of millions.

[AsahinaKimi]

44. another words...

"I got mine, get your own, and leave us the hell alone!" ~Republican upper crust.

We shall see...

[Matariki]

45. It's *so* expensive educating our children because we oppose taxes to educate everyone.

Cry me a fucking river.

[Matariki]

46. These people are NOT helping themselves.

Seriously. Stuff like this reads like a cartoon.

[Warren DeMontague]

47. Small price to pay to live in THE CENTAH OF EVERYTHING, DAHHLING!!!

I'm fucking tired of self-absorbed Manhattanites. If you can't manage to pay the mortgage on the $4 Mil. upper West Side Condo AND the tuition at Brayden's exclusive private school, MOVE SOMEWHERE ELSE.

A-holes.

[handmade34]

49. solution...

consider this article...

http://online.wsj.com/article/SB10001424053111903285704576557610352019804.html?mod=WSJ_hp_mostpop_read

"...From California to Massachusetts, districts are hiring special investigators to follow children from school to their homes to determine their true residences and decide if they "belong" at high-achieving public schools. School districts in Florida, Pennsylvania and New Jersey all boasted recently about new address-verification programs designed to pull up their drawbridges and keep "illegal students" from entering their gates.

Other school districts use services like VerifyResidence.com, which provides "the latest in covert video technology and digital photographic equipment to photograph, videotape, and document" children going from their house to school. School districts can enroll in the company's rewards program, which awards anonymous tipsters $250 checks for reporting out-of-district students.

Only in a world where irony is dead could people not marvel at concerned parents being prosecuted for stealing a free public education for their children..."

NOW, if the unfortunate millionaires would just put a portion of the money they spend on private schools into helping the public schools become excellent for all students, we could eliminate a number of concerns...

[Warren DeMontague]

53. why is that surprising? We spend $40B/year to put cancer grannies in prison for smoking pot

to say our priorities are fucked is an understatement.

[Tennessee Gal]

54. call a whaaaaambulance