A classier way to handle the protesters and portray the successful lifestyle would be to toss the crowd a few bottles of nice champagne with an opener. It conveys the same message as the signs through what would appear to be a friendly gesture. Classy.
I wouldn’t otherwise comment on a post of someone who cares enough to correct a post like this, but I felt that I had to back up the TFM as I actually work at the “CBOT”, which is what people who actually work there or live in Chicago call it, despite the merger. So relax about jumping all over the correcting people just because you think you know something, otherwise you’ll look like an Idiot.
Most people hear “the top 1%” and think of a person on a yacht off the coast of Saint-Tropez. When in reality the top 1% is $250k/yr according to US labor statistics. With fed, state, and city tax approx. 46% of your income goes to the government. What’s left is “working class” in Manhattan where the average residence costs $1.45M. Obama and the Libs will never understand.
^$250K is what any decent 3rd year analyst should expect to make at a respectable bank. If you’re a “lifer” in the finance industry, you had better hope to be in the top half of that 1% sooner rather than later, or you’re killing yourself for nothing. I’m not saying there shouldn’t be some reform on Wall Street but the protesters are “exactly what is wrong with this country”.
That depends on cost of living. In most areas that would be upper middle class, but in the places that regularly shell out that kind of salary, like Manhattan, that passes as middle class at best. In no place except for the trailer park, is 250k rich.
Oh please. A single person living by themselves can live comfortably on just 30K a year. 250K a year is a shitton of money. Besides, you don’t have to live in Manhattan. Just commute like everyone else does.
^Are you fucking retarded? Lets disregard numbers regarding salary and look at percentages. Anything that qualifies for the top 1% in America would be considered rich or upper class. Hell, anything in top 10% is upper class too. I hate to agree with scbro but if you can’t live on 250k then either you or a loved one has ridiculous medical bills or you’re fucking retarded. You don’t have to live in Manhattan. Your comment reminds me of when Marie Antoinette said, “Let them eat cake” when she was told the people had no bread to eat.
Listen guys, I never once said that you can’t live comfortably on $250,000. Obama/Buffett say they want a tax on the “millionaires and billionaires, the top 1%…” I was just stating that the majority of the top 1% doesn’t exactly fly private and that $250K doesn’t go NEARLY as far in NYC as it does in say, South Carolina. The top 1% pays 40% of the taxes in this country. As long as a Wall Street firm wasn’t bailed out, what right does anyone have in dictating compensation? None.
^who the hell commutes during the first couple years on wall street? You work like 17 hours a day. The last thing you wanna have is a close to hour long commute back to Jersey.
Total Douche Bag Move.
14 years ago at 1:36 pmTotal Successful Lifestyle Move.
14 years ago at 1:44 pmA classier way to handle the protesters and portray the successful lifestyle would be to toss the crowd a few bottles of nice champagne with an opener. It conveys the same message as the signs through what would appear to be a friendly gesture. Classy.
14 years ago at 1:53 pmI think the real question today is….Would a Hippie drink a glass of champagne? Or is it too mainstream for them?
14 years ago at 2:01 pmWell fuckin’ touche.
14 years ago at 2:12 pm“No bro, champagne isn’t exclusive enough.”
14 years ago at 2:13 pmYou’d probably be better off throwing them down bottles of Arizona Green Tea
14 years ago at 2:31 pmHey Idiot, there is no more CBOT it was merged with the Chicago Merc Exchange.
14 years ago at 10:42 amI wouldn’t otherwise comment on a post of someone who cares enough to correct a post like this, but I felt that I had to back up the TFM as I actually work at the “CBOT”, which is what people who actually work there or live in Chicago call it, despite the merger. So relax about jumping all over the correcting people just because you think you know something, otherwise you’ll look like an Idiot.
14 years ago at 12:05 pmCue the comments where people on here claim to be in the top 1% of that top 1%. Top 0.01%. FaF
14 years ago at 1:50 pm^
14 years ago at 1:58 pmMost people hear “the top 1%” and think of a person on a yacht off the coast of Saint-Tropez. When in reality the top 1% is $250k/yr according to US labor statistics. With fed, state, and city tax approx. 46% of your income goes to the government. What’s left is “working class” in Manhattan where the average residence costs $1.45M. Obama and the Libs will never understand.
14 years ago at 2:37 pm^$250K is what any decent 3rd year analyst should expect to make at a respectable bank. If you’re a “lifer” in the finance industry, you had better hope to be in the top half of that 1% sooner rather than later, or you’re killing yourself for nothing. I’m not saying there shouldn’t be some reform on Wall Street but the protesters are “exactly what is wrong with this country”.
14 years ago at 3:56 pmIf you honestly think 250k is not enough to live on then you need to reevaluate how you view the world.
14 years ago at 4:10 pmThat depends on cost of living. In most areas that would be upper middle class, but in the places that regularly shell out that kind of salary, like Manhattan, that passes as middle class at best. In no place except for the trailer park, is 250k rich.
14 years ago at 4:39 pmOh please. A single person living by themselves can live comfortably on just 30K a year. 250K a year is a shitton of money. Besides, you don’t have to live in Manhattan. Just commute like everyone else does.
14 years ago at 6:54 pm^Are you fucking retarded? Lets disregard numbers regarding salary and look at percentages. Anything that qualifies for the top 1% in America would be considered rich or upper class. Hell, anything in top 10% is upper class too. I hate to agree with scbro but if you can’t live on 250k then either you or a loved one has ridiculous medical bills or you’re fucking retarded. You don’t have to live in Manhattan. Your comment reminds me of when Marie Antoinette said, “Let them eat cake” when she was told the people had no bread to eat.
14 years ago at 7:04 pmNot directed at you fratstar runner, just the idiots who are calling 250k a year “working class” and “middle class”
14 years ago at 7:30 pmListen guys, I never once said that you can’t live comfortably on $250,000. Obama/Buffett say they want a tax on the “millionaires and billionaires, the top 1%…” I was just stating that the majority of the top 1% doesn’t exactly fly private and that $250K doesn’t go NEARLY as far in NYC as it does in say, South Carolina. The top 1% pays 40% of the taxes in this country. As long as a Wall Street firm wasn’t bailed out, what right does anyone have in dictating compensation? None.
14 years ago at 8:13 pmA single person living by themselves can not live comfortably on $30k. Maybe 30 years ago.
14 years ago at 7:44 am^who the hell commutes during the first couple years on wall street? You work like 17 hours a day. The last thing you wanna have is a close to hour long commute back to Jersey.
14 years ago at 2:15 pmhaving your great grandfather have a founding seat on the CBOT. TFM
14 years ago at 8:40 pm