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You Try to Live on 500K in This Town (Obama's war on NYC wealth)
NY Times ^ | 2/6/09 | ALLEN SALKIN

Posted on 02/07/2009 3:53:03 PM PST by jimbo123

PRIVATE school: $32,000 a year per student.

Mortgage: $96,000 a year.

Co-op maintenance fee: $96,000 a year.

Nanny: $45,000 a year.

We are already at $269,000, and we haven’t even gotten to taxes yet.

Five hundred thousand dollars — the amount President Obama wants to set as the top pay for banking executives whose firms accept government bailout money — seems like a lot, and it is a lot. To many people in many places, it is a princely sum to live on. But in the neighborhoods of New York City and its suburban enclaves where successful bankers live, half a million a year can go very fast.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; News/Current Events; US: New York
KEYWORDS: agenda; bho44; boohoo; nyc; obama; redistribution; socialism; socialists; wallstreet; whywecantwinelection
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1 posted on 02/07/2009 3:53:03 PM PST by jimbo123
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To: jimbo123
To many people in many places, it is a princely sum to live on. But in the neighborhoods of New York City and its suburban enclaves where successful bankers live, half a million a year can go very fast.

Yep. NYC - or any major city - is ridiculously expensive to live in.
2 posted on 02/07/2009 3:55:55 PM PST by arderkrag (Liberty Walking (www.geocities.com/arderkrag))
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To: jimbo123

If they vote for Obama, they shall get Obama.

What a 500k salary cap for everyone but the Obama voters?


3 posted on 02/07/2009 3:55:58 PM PST by GreaterSwiss
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To: jimbo123

What, “they” don’t want to send their children to government run public schools? Wonder why?


4 posted on 02/07/2009 3:56:25 PM PST by Da Coyote
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To: jimbo123
you take gubmint cheese you live by its rules.

Public school: free

Rent controlled apartment: $14000 a year

etc...

5 posted on 02/07/2009 3:57:30 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: jimbo123

It’s time for US Corporations to close up shop and move to another country the same way so many of them did back in the late ‘70’s. ^*&* obomba.


6 posted on 02/07/2009 3:58:14 PM PST by The Anti-One (So likewise ye, when ye shall see all these things, know that it is near, even at the doors.)
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To: jimbo123
You're right...These people have bills on the line. They have to sell everything??

P.S. Our school superintendent makes about $400,000 and it's a crappy little city.

7 posted on 02/07/2009 3:59:38 PM PST by Sacajaweau (I'm planting corn...Have to feed my car.)
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To: jimbo123

I am patiently waiting for him to go after OPRAH AND BABS Billions remember we all supposed to have SKIN in the game well OPRAH GOT A TON OF SKIN to give so lets get to skinnen her... Oh but thats right she don’t count right ODUMBO?>


8 posted on 02/07/2009 4:00:25 PM PST by tomnbeverly (Taxpayers doing time on the Obama Plantation.)
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To: jimbo123
Karma.

Many of those NYC bankers supported Obama's election. You get what you pay for, morons.

9 posted on 02/07/2009 4:00:29 PM PST by TheWasteLand
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To: jimbo123

To all the New Yorkers who voted for him, stop complaining.


10 posted on 02/07/2009 4:01:10 PM PST by FES0844
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To: jimbo123

Get out the crying towel! Call out the Whaaaaaaambulance!

Nobody held a gun to their heads and forced them to be MONEY LOSING BANKERS!

(Crikey! How do you LOSE MONEY running a BANK???? You borrow money for cheap, you lend it out at a premium. In addition, you charge for every single transaction, so that all of your expenses are fully recovered — and then some! — nope, I can’t see it. It is impossible to lose money running a bank. ‘Strewth!, yet these Geniuses have!!!)


11 posted on 02/07/2009 4:01:37 PM PST by DieHard the Hunter (Is mise an ceann-cinnidh. Cha ghéill mi do dhuine. Fàg am bealach.)
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To: jimbo123
A whole passel of these guys that are going to have trouble living on $500k in NYC just voted for Zero. More than a few of them are life-long liberals.

F'em. If you're so good at making money, how come you're not any good at figuring out how to cast a vote?

12 posted on 02/07/2009 4:01:40 PM PST by willgolfforfood
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To: tomnbeverly
I am patiently waiting for him to go after OPRAH AND BABS Billions remember we all supposed to have SKIN in the game well OPRAH GOT A TON OF SKIN to give so lets get to skinnen her... Oh but thats right she don’t count right ODUMBO?>
They're not asking for welfare.
13 posted on 02/07/2009 4:01:58 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: jimbo123

Movie actors make too much ...I suggest a $50. an hour cap


14 posted on 02/07/2009 4:02:59 PM PST by woofie
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To: woofie
Movie actors make too much ...I suggest a $50. an hour cap
When hollywood studios as for a bailout I'm all for it. Free enterprise means you get to make what you want. The minute you want socialist pork you should have to live with the rest of the lumpenproles on the commune.
15 posted on 02/07/2009 4:04:17 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: ketsu

Hollywood studios are getting a tax break especially for them in this porkulus bill. So that means their salaries should be limited.
Plus..GE..they should not be paying big star salaries with Govt money.


16 posted on 02/07/2009 4:05:51 PM PST by Oldexpat (Drill Here, Drill There..we must drill everywhere.)
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To: Sacajaweau

He/she is not worth it. That’s twice what the Chairman of the Joint Chief makes.


17 posted on 02/07/2009 4:06:38 PM PST by RobbyS (ECCE homo)
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To: TheWasteLand

WOLF, ROBERT
NEW YORK,NY 10019 UBS AMERICAS/CEO 2/28/07 $2,100 Obama, Barack (D)


18 posted on 02/07/2009 4:07:35 PM PST by jimbo123
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To: jimbo123
"Nanny: $45,000 a year."

Hmmm. Que, Jefe?


19 posted on 02/07/2009 4:09:13 PM PST by familyop (As painful as the global laxative might be, maybe our "one world" needs a good cleaning.)
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To: jimbo123

$125 to $250 to tutor kids?? Geeze, I got my kids into college (real college) prior to age 15 and I didn’t pay anyone a dime. But I did make a point of teaching my kids reading and math when they were young.

There have got to be people willing to tutor for a bit under $125 per hour. It’s not very hard to do.


20 posted on 02/07/2009 4:09:18 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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To: Oldexpat
Hollywood studios are getting a tax break especially for them in this porkulus bill. So that means their salaries should be limited. Plus..GE..they should not be paying big star salaries with Govt money.
Then salary cap away.
21 posted on 02/07/2009 4:10:55 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: BobL
$125 to $250 to tutor kids?? Geeze, I got my kids into college (real college) prior to age 15 and I didn’t pay anyone a dime. But I did make a point of teaching my kids reading and math when they were young.

There have got to be people willing to tutor for a bit under $125 per hour. It’s not very hard to do.

Paying a tutor is easier than paying attention to you kids. More time to spend with the mistress/boy toy or hanging out in the hamptons.
22 posted on 02/07/2009 4:12:18 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: jimbo123
Nanny: $45,000 a year.

If :
1) You are a single parent who is a banker.

2) You have two incomes ( are we up to $500,000 X 2= 1,000,000 Now?).

3) You are a spoiled lib, who has children as trophies, and not a real parent.

By the way where is the limo expense (sarc)?

The poverty level in most of this country is $42,000, less than the Nanny.

Try the Nanny's salary with seven children, and home schooling. its do able.

23 posted on 02/07/2009 4:17:09 PM PST by verklaring (Pyrite is not gold))
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To: demoskowitz

No money for the voters. It’s only for the select few including the Obamas. In other words; it’s a ripoff for the taxpayer.


24 posted on 02/07/2009 4:18:33 PM PST by freekitty (Give me back my conservative vote.)
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To: jimbo123

Not that I have a lot of pity for NY bankers, but *someone* didn’t think any of this through. The salary/perks limitation was done for PR purposes: it sounds good to the welfare queens and others suffering class envy who can’t even imagine making $50K/year much less $500K.

This is coming from a man who just landed a job paying $400K a year, and wo lives expense-free in a fully staffed mansion, with private limo, helicopter and jetm with a nice country retreat a short copter ride away.

Congress berated the auto execs for flying to DC in private jets, but the House Speaker insisted on a very large jet to fly her and her entourage from CA to DC every week ... also at taxpayer expense.

There are surely greedy, manipulative hustlers on Wall & Broad ... but they are no worse than the habitants of Capitol Hill.


25 posted on 02/07/2009 4:18:48 PM PST by EDINVA
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To: jimbo123

Of course, if you cap pay at $500k, few will be paying those prices for school, nannies, housing in NYC!


26 posted on 02/07/2009 4:19:27 PM PST by Atlas Sneezed (Guns don't kill people. Criminals and the governments that create them kill people.)
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To: jimbo123

Keep them out of Florida!


27 posted on 02/07/2009 4:20:55 PM PST by screaminsunshine (f)
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To: jimbo123

Since most NBA & NFL teams play in government subsidized facilities, does this rule apply to the players and coaches?


28 posted on 02/07/2009 4:22:52 PM PST by CMailBag
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To: arderkrag
Yep. NYC - or any major city - is ridiculously expensive to live in.

A family living in Chicago's Hyde Park with a family income of $991,296(2006 IRS return) can find it difficult to pay for their daughter's piano and dance lessons.

29 posted on 02/07/2009 4:24:38 PM PST by Oztrich Boy (Here to Help)
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To: ketsu
Public school: free

Krap on that. No kids in my family and public school costs me big bucks every year!

30 posted on 02/07/2009 4:25:48 PM PST by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: Red_Devil 232
Krap on that. No kids in my family and public school costs me big bucks every year!
Fair enough,

Public School: Already in your taxes

31 posted on 02/07/2009 4:30:13 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: jimbo123

STOP WHINING!
Poor people are paying taxes to bail out the wealthy.

For companies that feel the $500K salary cap is government over-reaching and isn’t fair there is an easy solution.

Don’t take the bailout money!

What’s that?
You say without the bailout your mis-managed company will fail and then you won’t have any job at all?

HOT FLASH:
Unemployment benefits are much less than $500K and most of the peple bailing your company out make much less than that (much, much less).


32 posted on 02/07/2009 4:34:22 PM PST by Iron Munro (Will Rogers: Every law Congress makes is a joke and every joke they tell becomes a law)
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To: jimbo123

So, what’s wrong with just fleeing New York? It will mean you got out before the next terrorist attack.


33 posted on 02/07/2009 4:36:39 PM PST by OrangeHoof (YES WE CAN have a Depression.)
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To: jimbo123

They all voted for O. Many Rats are now fleeing NYC to bring their left wing socialism to other areas.


34 posted on 02/07/2009 4:42:54 PM PST by Frantzie (Boycott GE - they own NBC, MSNBC, CNBC & Universal. Boycott Disney - they own ABC)
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To: ketsu

“Paying a tutor is easier than paying attention to you kids.”

Of course, and we’ve all seen the results...but paying them that much??

I guess getting the right “tutor” is as much of a status symbol as getting the kid into the right college. Vastly overpaying for anything is something that I cannot comprehend, regardless of whether I have the money. Heck, I cannot even buy the wife jewelry, since I cannot independently verify its value.


35 posted on 02/07/2009 4:44:05 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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To: jimbo123
Oh boo frigging hoo.

You want to take bailout money, then your salary is capped. The per capita income in New York City is $28,610.

New York City per capita income

Since this article is from the New York Times, I highly doubt it was written by a conservative. But the conservatives that oppose a salary cap for executives of government bailed out companies are the reason we can't win elections. In fact, the salary cap should be the median wage of the zip code where the company headquarters is located.
36 posted on 02/07/2009 4:46:26 PM PST by WheresMyBailout
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To: BobL
Of course, and we’ve all seen the results...but paying them that much??

I guess getting the right “tutor” is as much of a status symbol as getting the kid into the right college. Vastly overpaying for anything is something that I cannot comprehend, regardless of whether I have the money. Heck, I cannot even buy the wife jewelry, since I cannot independently verify its value.

True story, my manager was walking through an upscale shopping mall near our site and he walked by a upscale father and his daughter. She wanted to go into one of the teeny-bopper jewelry stores where they sell jewelry for $100 a pop. He said "no honey, let's go somewhere better" and took her to Neiman Marcus.
37 posted on 02/07/2009 4:50:50 PM PST by ketsu (It’s not a campaign. It’s a taxpayer-funded farewell tour.)
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To: ketsu

“He said “no honey, let’s go somewhere better” and took her to Neiman Marcus.”

Yuck. Trophy kids, so sad for them.


38 posted on 02/07/2009 4:53:44 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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To: OrangeHoof

“So, what’s wrong with just fleeing New York? It will mean you got out before the next terrorist attack.”

In the 30s the city of Los Angeles set up checkpoints at the California border to turn back dust bowl refugees from Oklahoma. We here in Texas may have to soon do something similar.


39 posted on 02/07/2009 4:55:31 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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To: arderkrag

My brother in law isn’t an executive. He makes a good living but that salary is eaten up by $20,000 a year in property taxes, two college tuitions, and regular up keep on a home. No vacations, no fancy cars, no high-tech toys.


40 posted on 02/07/2009 5:37:47 PM PST by LottieDah (If only those who speak so eloquently on the rights of animals would do so on behalf the unborn)
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To: Frantzie
Many Rats are now fleeing NYC to bring their left wing socialism to other areas.

Perhaps build a tall fence around NYC to prevent liberals from doing that?

41 posted on 02/07/2009 5:40:27 PM PST by 17th Miss Regt
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To: BobL

Are you kidding? My daughter, who is a licensed teacher in one state but now lives in another, tutors for $25 an hour.


42 posted on 02/07/2009 5:43:27 PM PST by Hanna548 (s)
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To: jimbo123

>>> Barbara Corcoran, a real estate executive, said that most well-to-do families take at least two vacations a year, a winter trip to the sun and a spring trip to the ski slopes.

I don’t have any sympathy for them. I haven’t had a vacation in 5 years.

I do find it funny that the New York Times is complaining about how bad Obama’s limits are going to hurt. How about hitting up Hollywood while he is at it?


43 posted on 02/07/2009 5:48:42 PM PST by quikdrw (Life is tough....it's even tougher if you are stupid.)
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To: 17th Miss Regt

LOL! Escape from New York City starring Kurt Russell as “Snake Pliskin.”


44 posted on 02/07/2009 5:48:47 PM PST by Frantzie (Boycott GE - they own NBC, MSNBC, CNBC & Universal. Boycott Disney - they own ABC)
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To: Hanna548

“Are you kidding? My daughter, who is a licensed teacher in one state but now lives in another, tutors for $25 an hour.”

Yea - that’s more like it...and I bet your kid can do just as well as the tutors of the “beautiful” people.


45 posted on 02/07/2009 5:49:20 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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To: verklaring
The poverty level in most of this country is $42,000, less than the Nanny.

Keep in mind that the Nanny is usually live-in, so she gets room and board plus the salary.

46 posted on 02/07/2009 5:53:38 PM PST by PapaBear3625 (We used to institutionalize the insane. Now we elect them.)
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To: ketsu

“Fair enough,

Public School: Already in your taxes”

Not entirely. If your kids ARE in public school, it costs you more than just your taxes.


47 posted on 02/07/2009 5:54:48 PM PST by gracesdad
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To: BobL

Sure seems so since she has a waiting list and the schools around are wanting her to come and work for them. I cannot imagine living in New York. Our house, and it is a nice house, but nothing lavish. It is 1500 sq ft, plus we have a full basement. It has a wrap around porch and a large rear patio, on 20 acres. Our mortgage is $1300 a month. I see things on here like $14,000 a year for a government apartment, I cannot understand that. What do people make who work at McDonald’s for example, or Wal-Mart?


48 posted on 02/07/2009 5:56:30 PM PST by Hanna548 (s)
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To: Hanna548

I figured as much regarding your daughter, one does not have to spend $250/hr to find someone who can teach reading or math, unless they’re trying to send some other message.


49 posted on 02/07/2009 6:33:11 PM PST by BobL (Drop a comment: http://www.freerepublic.com/focus/f-chat/2180357/posts)
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To: jimbo123

There is a direct relationship between areas the Dems control and the costs to live there.


50 posted on 02/07/2009 6:44:52 PM PST by NoLibZone (Obama is 6% Black.50% White the rest Arab. He looks dark because he is 100% full of shit.)
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