Trying to Live on 500K in New York City
nytimes.com
Trying to Live on 500K in New York City
1–10 of 76 posts
Re: Trying to Live on 500K in New York City
#2Looking at those numbers, Obama has done NYC out of an awful lot of taxes. I wonder how much schadenfreude will be left once that trickles down to services that ordinary people take for granted - or who will make up the shortfall.
Re: Trying to Live on 500K in New York City
#3Columbia and NYU grad students make about 25K/year.
Re: Trying to Live on 500K in New York City
#4As I was going through the list I still don't feel any sympathy for these bankers.
The whole idea of budgeting for the majority of people is to make do with seemingly limited resources. It's what everyone does to manage their own money.
Why can't someone who is supposed to manage everyones money practice a little self restraint?
Re: Trying to Live on 500K in New York City
#5I love how two vacations a year, at a total of $16,000, is considered a "living expense."
Re: Trying to Live on 500K in New York City
#6Looking at those numbers, Obama has done NYC out of an awful lot of taxes. I wonder how much schadenfreude will be left once that trickles down to services that ordinary people take for granted - or who will make up the shortfall.
The 500k limit is only on executives of banks that receive future extraordinary assistance from the government--the execs are free to find jobs elsewhere if they don't want the restrictions. The banks are free to not take the assistance if they can maintain a healthy capital level without it. With fractional-reserve banking that is the condition they implicitly agreed to in exchange for the ability to conjure money from the (almost) ether.
Re: Trying to Live on 500K in New York City
#7Looking at those numbers, Obama has done NYC out of an awful lot of taxes. I wonder how much schadenfreude will be left once that trickles down to services that ordinary people take for granted - or who will make up the shortfall.
The 500k limit is only on executives of banks that receive future extraordinary assistance from the government--the execs are free to find jobs elsewhere if they don't want the restrictions. The banks are free to not take the assistance if they can maintain a healthy capital level without it. With fractional-reserve banking that is the condition they implicitly agreed to in exchange for the ability to conjure money f…
It also only applies to the top N executives at those firms, where last I checked N was 5.
Re: Trying to Live on 500K in New York City
#8As I was going through the list I still don't feel any sympathy for these bankers. The whole idea of budgeting for the majority of people is to make do with seemingly limited resources. It's what everyone does to manage their own money. Why can't someone who is supposed to manage everyones money practice a little self restraint?
I don't think the article was trying to make you feel sympathy; I think it was playing with subtext.
Re: Trying to Live on 500K in New York City
#9> Nanny: $45,000 a year.
Of course, no banker would dream of paying his nanny less than $500,000 a year, considering the difficulty of surviving on such a salary in NYC.
Re: Trying to Live on 500K in New York City
#10Looking at those numbers, Obama has done NYC out of an awful lot of taxes. I wonder how much schadenfreude will be left once that trickles down to services that ordinary people take for granted - or who will make up the shortfall.
If that were a real concern it would be far more efficient for the Feds to make up the lost taxes than to continue having these clowns take home tens of millions of dollars in tax payer money.