Struggling to Get By On 250K

[quote name='Spacepest']Hmm, I haven't read the whole thread yet, but I just had to comment--to the man with the $250k family income, crying about going to the poorhouse:

fuck YOU

There are REAL poor people on this planet. And many people considered "middle class" throughout the world don't hire a gardener, house cleaner, and full time babysitter. Hell, most people in this country who are middle class don't have any of those extra hired hands either![/QUOTE]

Agreed.

The thread is interesting in that there are some who defend the guy and his so-called right to a tax break. I have to hand it to the Republican party - that is some masterful brainwashing.
 
[quote name='camoor']Agreed.

The thread is interesting in that there are some who defend the guy and his so-called right to a tax break. I have to hand it to the Republican party - that is some masterful brainwashing.[/QUOTE]

They keep selling the memory of good ole' America. The place where the Constitution reigned supreme, minorities knew their place, and anyone could get rich with hard work.
 
..
Census finds record gap between rich and poor

By HOPE YEN, Associated Press Writer Hope Yen, Associated Press Writer – 35 mins ago

WASHINGTON – The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession.

The top-earning 20 percent of Americans — those making more than $100,000 each year — received 49.4 percent of all income generated in the U.S., compared with the 3.4 percent earned by those below the poverty line, according to newly released census figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

A different measure, the international Gini index, found U.S. income inequality at its highest level since the Census Bureau began tracking household income in 1967. The U.S. also has the greatest disparity among Western industrialized nations.
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Poor rich. I don't know how they get by. I can't believe they haven't fled ObaMao's Communist AmeriKa.

Idiot: We're soaking the rich.
Everyone: The rich have more money than ever before. Double the share they had in 1968.
Idiot: Derp
 
[quote name='Clak']Funny Bob says that bit about voting ballots, since at one point in US history, only the rich land owners were even allowed to vote.[/QUOTE]

Yeah, because they thought the poor would use the ballot as an instrument of plunder. If I had to guess, I bet they were psychic.

[quote name='SpazX']But you didn't answer the question. Percentages necessarily discriminate against people who make more money - you will pay more in income taxes if you make more money. Why is it not unfair then? Shouldn't everyone pay X amount in actual dollars? Would that not be more fair?[/QUOTE]

You'll note that I have mentioned that there are multiple definitions of "fair".
I can see how $X=$Y could be considered fair.
I can see how X%=Y% could be considered fair.
I don't see how anyone can spin X%>Y%::$X>$Y as fair.

[quote name='camoor']Easily the stupidest thing said in this thread thus far.[/QUOTE]

No, your post was the first one in this thread.
 
[quote name='dohdough']I don't care what you think I do because I'm obviously pro-labor. I'm going to make personal jabs at you because you thought you were a special snowflake because of all that nice stuff you have due to "personal responsibility." Well guess what, I own my car, have a 401k, see people treated like crap, and been treated like crap at work as well. Hell, most of my friends have nicer cars, bigger homes, make more money, and have more money saved up than the both of us combined that still don't have similar views to you about "personal responsibility." I don't need my personal life disseminated by someone like you. I know what my privileges are. It'd do you some good if you could figure that out too.

How about you address my arguments instead of trying to score points on my personal life.[/QUOTE]


I was going to use your own points against you that you made about me and work. That's all.

Just to let you know, I never said the phrase "personal responsibility", but since you used it it isn't limited to poor people. I even said there are times you can't plan for everything. Just as counter-point to whatever your issue is, what about the NFL and all these owners that get tax funded stadiums? Tax money that could be used for much more important things? You think these owners shouldn't have thought that through better? The NFL is about to go to an 18 game season for this very reason. Instead of passing the bill to taxpayers don't you think they should have found a better way to fund it themselves? What about the bailout outs for AIG? What about General Motors?

I think some people took umbrage that you turned an anecdote about someone asking to borrow money from you into a rant about god knows what.
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Actually, I took the story the OP posted, which most people were also critical of that family (just look at the posts after it) and THEN just vented about a personal issue involving money as well. I probably should have kept it to myself, but I didn't. Why dodough (who is the only one I recall that said anything to me) has that big a deal with it is beyond me. I wasn't talking about anyone that he knows.
 
I'm looking at the last thirty years and trying to see where the rich created a lot of jobs. I guess the fourth decade is the charm?

Also, hehe. "Gini index." I'm trading at eight points a night, and my stock continues to grow.
 
If this thread proves anything it's that people making less than $250K per year like to bitch and moan just as much as anyone else.
 
[quote name='javeryh']If this thread proves anything it's that people making less than $250K per year like to bitch and moan just as much as anyone else.[/QUOTE]
How dare the TTT have an opinion on those of us on the New York scale. They'll just never know how hard it is to be among the top 1% of earners on the planet.
 
[quote name='javeryh']If this thread proves anything it's that people making less than $250K per year like to bitch and moan just as much as anyone else.[/QUOTE]

:bs:

The Republican party is flying high on their own supply. Even on this board with the starkest examples of oblivious rich and their unmitigated greed you still have UB and Knoell chanting "Thank you sir may I have another" every time you swing the paddle.

Your ilk has been very successful in brainwashing the lower classes with Horatio Alger mythology and the Fox news echo chamber. Too bad your Frankenstein experiment is now spiraling out of control with Glen Beck and his Tea Party army.
 
[quote name='camoor']:bs:

The Republican party is flying high on their own supply. Even on this board with the starkest examples of oblivious rich and their unmitigated greed you still have UB and Knoell chanting "Thank you sir may I have another" every time you swing the paddle.

Your ilk has been very successful in brainwashing the lower classes with Horatio Alger mythology and the Fox news echo chamber. Too bad your Frankenstein experiment is now spiraling out of control with Glen Beck and his Tea Party army.[/QUOTE]

I don't understand any of this. Are you referencing the plot of some video game I haven't played yet? ;)

Look, it is practically the American way to be greedy as hell. Most successful people are greedy - you have to be to a certain extent in order to be successful (in a financial/career sense, of course). Our entire society is built upon the idea that the more money you have the better off your life will be (which is basically true ignoring the intangibles like health and love). Doesn't everyone want as much money as possible?
 
Everyone wants to make as much money as possible, sure.

That doesn't mean that greed should go to the extent that people are unwilling to shoulder more of society's burden because they are more able to than those less fortunate than them.

You achieve success in the context of society, and thus more successful people have to shoulder more of the burden in supporting the growth of society and giving others more opportunity to achieve the success you enjoy.
 
[quote name='javeryh']Look, it is practically the American way to be greedy as hell. Most successful people are greedy - you have to be to a certain extent in order to be successful (in a financial/career sense, of course). Our entire society is built upon the idea that the more money you have the better off your life will be (which is basically true ignoring the intangibles like health and love). Doesn't everyone want as much money as possible?[/QUOTE]

What's next - the horse and buggy script?

Greed is not the American way - you buy wholesale into a fiction that was manufactured in the late 20th century, a fiction that greed made America great and trickle-down economics are the solution to our economic woes.

However as long as we're parading stock movie characters around as apriori truths, allow me to indulge:
How much is enough, Gordon? When does it all end, huh? How many yachts can you water-ski behind? How much is enough, huh?
 
[quote name='camoor']How much is enough, huh?[/QUOTE]

That's the point. It is never enough. I still pick up pennies off the ground when I see them. The guy in the OP is definitely a jackass and like DoK said we should laugh at the stupid people living above their means but I don't understand why people don't get that a guy (rich or poor and that guy isn't rich, IMO, but that's another discussion) wouldn't want hard-earned money taken away from him because he makes over $250K - a total arbitrary threshold without context.

What is the American way then? Let's all hold hands in a giant circle and sing Kumbaya?

P.S. I've never seen Wall Street.
 
[quote name='dmaul1114']Everyone wants to make as much money as possible, sure.

That doesn't mean that greed should go to the extent that people are unwilling to shoulder more of society's burden because they are more able to than those less fortunate than them.

You achieve success in the context of society, and thus more successful people have to shoulder more of the burden in supporting the growth of society and giving others more opportunity to achieve the success you enjoy.[/QUOTE]

Lol, I thought they already shoulder more of society's burden? Not enough eh?
 
[quote name='javeryh']That's the point. It is never enough. I still pick up pennies off the ground when I see them. The guy in the OP is definitely a jackass and like DoK said we should laugh at the stupid people living above their means but I don't understand why people don't get that a guy (rich or poor and that guy isn't rich, IMO, but that's another discussion) wouldn't want hard-earned money taken away from him because he makes over $250K - a total arbitrary threshold without context.

What is the American way then? Let's all hold hands in a giant circle and sing Kumbaya?

P.S. I've never seen Wall Street.[/QUOTE]
I guess minimum wage is arbitrary too since it's below the poverty line. And who says that it's hard earned? Why does someone making $250k a year deserve that share of the pie when they need the cogs that are necessary for his ability to "earn it," make so much less. Can you explain why a CEO makes 500x when the lowest paid worker doesn't have a living wage?

You're assuming that anyone that makes a lot of money worked hard for it. That's simply not true. The people that clean his office work harder than he does and have much more dire cosequences if they fuck up or get fired.
 
[quote name='Knoell']Lol, I thought they already shoulder more of society's burden? Not enough eh?[/QUOTE]
They benefit far more than what they pay into the system socially, economically, and politically. Don't be obtuse. I know it's hard for you.
 
[quote name='dohdough']They benefit far more than what they pay into the system socially, economically, and politically. Don't be obtuse. I know it's hard for you.[/QUOTE]

Oh its you. You still havent explained why the 100 year history of tax brackets is bias? Did you even click on the link?

What does it matter if they benefit far more for their money? If the top 1% is paying 40% of the taxes, I would think they are paying their share, do you not? If not what should be their limit, or do you believe there should be no limit and we should take money from them as we need it?
 
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I think it's pretty funny that immigrants can come here, work total shit jobs, still send tens of thousands of dollars back to their families, and be absolutely thrilled to be given that opportunity (i.e., not complain like babies)

Meanwhile, some people can't afford a third lake house. The horror.
 
[quote name='dohdough']Why does someone making $250k a year deserve that share of the pie when they need the cogs that are necessary for his ability to "earn it," make so much less. Can you explain why a CEO makes 500x when the lowest paid worker doesn't have a living wage?[/QUOTE]

Isn't it obvious? Any jackass can mop a floor or serve a hamburger or stock a shelf but not anyone can be CEO of an entire company.
 
[quote name='dohdough']I guess minimum wage is arbitrary too since it's below the poverty line. And who says that it's hard earned? Why does someone making $250k a year deserve that share of the pie when they need the cogs that are necessary for his ability to "earn it," make so much less. Can you explain why a CEO makes 500x when the lowest paid worker doesn't have a living wage?

You're assuming that anyone that makes a lot of money worked hard for it. That's simply not true. The people that clean his office work harder than he does and have much more dire cosequences if they fuck up or get fired.[/QUOTE]

You are assuming anyone who doesn't make a lot of money work hard for nothing. Here's a question, in a 1000 person company that pays a CEO $500K who makes alot of very important decisions for the company, took a pay cut of $400,000, they could give all of their workers a $400 dollar raise. Yippee Kiyay. Meanwhile they don't attract the knowledgable people required to be CEO. Quit bitching about CEO's, why not bitch about this: http://espn.go.com/mlb/team/salaries/_/name/nyy/new-york-yankees

Do you think Alex Rodriguez would play baseball if he got taxed 90%?
 
The American Dream (or I guess the American Way, the way javeryh thinks it is) is bullshit. The sooner people realize this, the better off we'll be.

[quote name='javeryh']Doesn't everyone want as much money as possible?[/QUOTE]

No.

Believe it or not, there are people out there who say "I have enough".

[quote name='Derek Sivers, former owner of CDBaby']Two friends were at a party held at the mansion of a billionaire. One said, “Wow! Look at this place! This guy has everything!” The other said, “Yes, but I have something he'll never have: enough.”

When I decided to sell my company in 2008, I already had enough.

I live simply. I hate waste and excess. I have a good apartment, a good laptop, and a few other basics. But the less I own, the happier I am. The lack of possessions gives me the priceless freedom to live anywhere anytime.

Having too much money can be harmful. It throws off perspective. It makes people do stupid things like buy “extra” cars or houses they don't use - or upgrade to first class for “only” $10,000 so they can be a little more comfortable for a few hours.

So I didn't need or even want the money from the sale of the company. I just wanted to make sure I had enough for a simple comfortable life. The rest should go to music education, since that's what made such a difference in my life.

So I found a great way to do this. I created a charitable trust called the “Independent Musicians Charitable Remainder Unitrust.” When I die, all of its assets will go to music education. But while I'm alive, it pays out 5% of its value per year to me.

(Note: 5% is the minimum allowed by law. It's still too much. I would have preferred 1%, but oh well. I'm free to use it to start new businesses to help people, or whatever.)

A few months before the sale, I transferred the ownership of CD Baby and HostBaby, all the intellectual property like trademarks and software, into the trust.

It was irreversibly and irrevokably gone. It was no longer mine. It all belonged to the charitable trust.

Then, when Disc Makers bought it, they bought it not from me but from the trust, turning it into $22 million cash to benefit music education.

So instead of me selling the company - (getting taxed on the income, and giving what's left to charity) - that move of giving away the company to charity then having the charity sell it saved about $5 million in taxes. (That means $5 million more going to music education.)

Also, the move of giving it away into a trust now - instead of holding on to it until I die - means its investments get to grow and compound tax-free for life, which again means more goes to musicians in the end.

I'm only writing this article because many people have asked why I gave it away, so I thought I'd write my long explanation once and for all.

It's not that I'm altruistic. I'm sacrificing nothing. I've just learned what makes me happy. And doing it this way made me the happiest.

I get the deeper happiness of knowing the lucky streak I've had in my life will benefit tons of people - not just me.

I get the pride of knowing I did something irreversibly smart before I could change my mind.

I get the safety of knowing I won't be the target of a frivolous lawsuit, since I have very little net worth.

I get the unburdened freedom of having it out of my hands so I can't do something stupid.

But most of all, I get the constant priceless reminder that I have enough.

bestthings.jpg
[/QUOTE]

http://sivers.org/trust

- edit [quote name='javeryh']Isn't it obvious? Any jackass can mop a floor or serve a hamburger or stock a shelf but not anyone can be CEO of an entire company.[/QUOTE]

lol
 
[quote name='Strell']I think it's pretty funny that immigrants can come here, work total shit jobs, still send tens of thousands of dollars back to their families, and be absolutely thrilled to be given that opportunity (i.e., not complain like babies)

Meanwhile, some people can't afford a third lake house. The horror.[/QUOTE]

I think its funny how you leave out the average american worker. Ill fix it for you.

[quote name='strell']
I think it's pretty funny that immigrants can come here, work total shit jobs, still send tens of thousands of dollars back to their families, and be absolutely thrilled to be given that opportunity (i.e., not complain like babies)

Meanwhile, some people can't afford a second car, and a flatscreen tv. The horror.
[/QUOTE]
 
Also, just so everyone knows, I'm starting a charity for rich people. I call it "Scrooge McDuck's Moneybins for Moneybabies" and I encourage all Americans who are making under $250K a year to donate to the poor underprivileged BMW owners who have to cut back on their Starbucks to only twelve times a week and have to fire one of their three maids.

In other words, put your money with your mouth is. After all, maybe then they'll hire you to weed their lawns and polish their beemers, and you can pretend that one day you'll ascend the backyard corporate ladder and become the VPofWP - Vice President of Weed Pulling (not be confused with the VPofWeP - Wiener Pulling).
 
[quote name='Sporadic']The American Dream (or I guess the American Way, the way javeryh thinks it is) is bullshit. The sooner people realize this, the better off we'll be.



No.

Believe it or not, there are people out there who say "I have enough".



http://sivers.org/trust

- edit

lol[/QUOTE]

Do you think the government should of handled that guys money? I mean it was obviously too much for him to handle right? Tax him at 90% I mean come on, hes just a greedy bastard who has too much money anyway right?
 
[quote name='Strell']Also, just so everyone knows, I'm starting a charity for rich people. I call it "Scrooge McDuck's Moneybins for Moneybabies" and I encourage all Americans who are making under $250K a year to donate to the poor underprivileged BMW owners who have to cut back on their Starbucks to only twelve times a week and have to fire one of their three maids.

In other words, put your money with your mouth is. After all, maybe then they'll hire you to weed their lawns and polish their beemers, and you can pretend that one day you'll ascend the backyard corporate ladder and become the VPofWP - Vice President of Weed Pulling (not be confused with the VPofWeP - Wiener Pulling).[/QUOTE]

Instead why don't we just steal their money through an oversized and overpurposed government? It sounds like a plan right? They can take the hit!
 
[quote name='Knoell']Do you think the government should of handled that guys money? I mean it was obviously too much for him to handle right? Tax him at 90% I mean come on, hes just a greedy bastard who has too much money anyway right?[/QUOTE]

Noice try but I never said they should be taxed at 90%. Just that they should be paying a higher percentage since they have so much more...and for some reason, I don't think he'll give a shit if the tax on his 5% a year he receives from his trust goes up 3% or 20%.
 
[quote name='depascal22']If the top 1% is holding 53% of the wealth, then no it's no fair.[/QUOTE]

Good thing that hasn't happened yet then huh?
 
[quote name='javeryh']Isn't it obvious? Any jackass can mop a floor or serve a hamburger or stock a shelf but not anyone can be CEO of an entire company.[/QUOTE]
So what you're saying is that hard work does not equal monetary success. Thank you.

And btw, not any jackass can mop a floor, serve a hamburger, or stock a shelf. If that's what you truly think, you live in a bubble of privilege.
 
[quote name='Sporadic']The American Dream (or I guess the American Way, the way javeryh thinks it is) is bullshit. The sooner people realize this, the better off we'll be. [/QUOTE]

It's not bullshit though. I thought the American Dream was to get a good job, own a house, maybe have a couple of kids and just generally live comfortably. The American Way is to work your ass off in order to achieve the American Dream. Has something changed?
 
[quote name='Sporadic']Noice try but I never said they should be taxed at 90%. Just that they should be paying a higher percentage since they have so much more...and for some reason, I don't think he'll give a shit if the tax on his 5% a year he receives from his trust goes up 3% or 20%.[/QUOTE]

They already pay a higher percentage.
 
[quote name='dohdough']So what you're saying is that hard work does not equal monetary success. Thank you.

And btw, not any jackass can mop a floor, serve a hamburger, or stock a shelf. If that's what you truly think, you live in a bubble of privilege.[/QUOTE]

I'll correct you yet again.
Physical labor does not equal monetary success. Mopping a floor may be more physical than running a company, but I don't think someone should get paid $500K to mop a floor.
 
[quote name='dohdough']So what you're saying is that hard work does not equal monetary success. Thank you.[/QUOTE]

You are equating physical labor with hard work which is WAY off base.

[quote name='dohdough']And btw, not any jackass can mop a floor, serve a hamburger, or stock a shelf. If that's what you truly think, you live in a bubble of privilege.[/QUOTE]

Really? Is there some special skill or degree I'm unaware of that you need in order to flip a hamburger? There's a reason it is called "unskilled labor" you know.
 
[quote name='Knoell']You are assuming anyone who doesn't make a lot of money work hard for nothing. Here's a question, in a 1000 person company that pays a CEO $500K who makes alot of very important decisions for the company, took a pay cut of $400,000, they could give all of their workers a $400 dollar raise. Yippee Kiyay. Meanwhile they don't attract the knowledgable people required to be CEO. Quit bitching about CEO's, why not bitch about this: http://espn.go.com/mlb/team/salaries/_/name/nyy/new-york-yankees

Do you think Alex Rodriguez would play baseball if he got taxed 90%?[/QUOTE]
Do you know why CEO's get paid what they do? They hire consultants that work in collusion with eachother to get more and more money that isn't based on performance along with disgusting severance packages at the cost of the grunts in the company.

And you know what? I don't care how much A Rod gets paid because it's a pittance compared to what the owners get. A Rod is nothing more than a hired hand to make them more money and if they found a better cash cow for less, they'd try to dump him in an instant.

That 90% you're trotting around is base off marginal tax rates. I guess not being obtuse is harder than you thought. Oh, and when marginal tax rates were that high, there were still stinking filthy rich people buying mansions and Mercedes.
 
[quote name='javeryh']It's not bullshit though. I thought the American Dream was to get a good job, own a house, maybe have a couple of kids and just generally live comfortably. The American Way is to work your ass off in order to achieve the American Dream. Has something changed?[/QUOTE]

It seems like now all I hear of the American Dream is "its hopeless, absolutely hopeless! How will we ever get by without the government stepping in"
 
[quote name='Knoell']I'll correct you yet again.
Physical labor does not equal monetary success. Mopping a floor may be more physical than running a company, but I don't think someone should get paid $500K to mop a floor.[/QUOTE]
Good thing I never said they should get paid $500k for it, but should be able to get a living wage.
 
[quote name='Knoell']It seems like now all I hear of the American Dream is "its hopeless, absolutely hopeless! How will we ever get by without the government stepping in"[/QUOTE]

[quote name='javeryh']It's not bullshit though. I thought the American Dream was to get a good job, own a house, maybe have a couple of kids and just generally live comfortably. The American Way is to work your ass off in order to achieve the American Dream. Has something changed?[/QUOTE]
Maybe cause the American Dream never existed. It's a fucking myth. And before you point out some random person that "made it," EXCEPTIONS DON'T PROVE THE RULE.
 
[quote name='javeryh']You are equating physical labor with hard work which is WAY off base.[/QUOTE]
So physical labor is not considered hard work to you. LOLZ. You should stop because I already got you beat.

Really? Is there some special skill or degree I'm unaware of that you need in order to flip a hamburger? There's a reason it is called "unskilled labor" you know.
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HAHAH...right, because there's absolutely no way in hell that someone can screw that up. You're in LALA land.
 
[quote name='dohdough']Do you know why CEO's get paid what they do? They hire consultants that work in collusion with eachother to get more and more money that isn't based on performance along with disgusting severance packages at the cost of the grunts in the company.

And you know what? I don't care how much A Rod gets paid because it's a pittance compared to what the owners get. A Rod is nothing more than a hired hand to make them more money and if they found a better cash cow for less, they'd try to dump him in an instant. Edit (I wonder how much they pay their janitors over at yankee stadium)

That 90% you're trotting around is base off marginal tax rates. I guess not being obtuse is harder than you thought. Oh, and when marginal tax rates were that high, there were still stinking filthy rich people buying mansions and Mercedes.[/QUOTE]

Yep because they don't hire more and more people to work around and for A Rod. I wonder how much A Rod will get if he doesn't even play? Probably a pretty big severance package.

A CEO is nothing than a hired hand to the board of a company and if they find someone to make better policies, they will dump him in an instant.

Let me ask you, if the super high marginal tax rates were so great why did so many countries lower them significantly in the past three decades? Greedy rich bastards must have seized power in each one of those countries.
Why did so many other countries so dramatically reduce marginal tax rates? Perhaps they were influenced by new economic analysis and evidence from optimal tax theorists, new growth economics. But the sheer force of example may well have been more persuasive. Political authorities saw that other national governments fared better by having tax collectors claim a medium share of a rapidly growing economy (a low marginal tax) rather than trying to extract a large share of a stagnant economy (a high average tax). East Asia, Ireland, Russia, and India are a few of the economies that began expanding impressively after their governments sharply reduced marginal tax rates.
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[quote name='dohdough']So physical labor is not considered hard work to you. LOLZ. You should stop because I already got you beat.


HAHAH...right, because there's absolutely no way in hell that someone can screw that up. You're in LALA land.[/QUOTE]

LOL Dude stop embarressing yourself. You sound like someone who works at mcdonalds and is saying "What? My job is hard!! :cry:"
 
[quote name='dohdough']So physical labor is not considered hard work to you. LOLZ. You should stop because I already got you beat.[/quote]

No, physical labor is hard work but so is white collar labor which you seem to have little or no regard for. In fact, there are many days at work where I'd rather be mindlessly mopping the floor with my headphones on instead of sitting at my desk. I highly doubt the janitor's blackberry is going off at 1AM with someone on the other end demanding the floor gets mopped before sunrise.


[quote name='dohdough']HAHAH...right, because there's absolutely no way in hell that someone can screw that up. You're in LALA land.[/QUOTE]

Seriously? If you are going to argue that special skills are needed to work at McDonald's then I'm done here.
 
[quote name='javeryh']It's not bullshit though. I thought the American Dream was to get a good job, own a house, maybe have a couple of kids and just generally live comfortably. The American Way is to work your ass off in order to achieve the American Dream. Has something changed?[/QUOTE]

It kind of is.

When I think of the American Dream, I think of "I started in the mailroom but after years/decades of work, now I'm near the top!". That is bullshit. There is no real mobility in companies now. There is no reward for hard work when you are near the bottom.

The only real success stories lately are people who struck out on their own or found a different way to get up.
 
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[quote name='Knoell']Yep because they don't hire more and more people to work around and for A Rod. I wonder how much A Rod will get if he doesn't even play? Probably a pretty big severance package.[/QUOTE]

All right. Stop right there. It's obvious you have no idea how baseball salaries work. Even if A-Rod doesn't play another game due to injury, he will still get his full salary. It's a guaranteed contract....

And please stop saying he'll be taxed at 90%. It's 90% on all money earned over whatever figure the IRS deems as wealthy. I would bump it up from 100K to somewhere around 400K but that's another debate for another time.
 
[quote name='depascal22']All right. Stop right there. It's obvious you have no idea how baseball salaries work. Even if A-Rod doesn't play another game due to injury, he will still get his full salary. It's a guaranteed contract....[/QUOTE]

Guaranteed contract...:drool::drool::drool::drool::drool:
 
[quote name='depascal22']All right. Stop right there. It's obvious you have no idea how baseball salaries work. Even if A-Rod doesn't play another game due to injury, he will still get his full salary. It's a guaranteed contract....

And please stop saying he'll be taxed at 90%. It's 90% on all money earned over whatever figure the IRS deems as wealthy. I would bump it up from 100K to somewhere around 400K but that's another debate for another time.[/QUOTE]

Thats what I meant by severance package, I was trying to convey it in terms of how he believes CEOs have it so much easier than everyone else.
 
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