Woes of the 1%

Apparently, the 1% is “struggling” too in the current economical climate.  One yahoo reporter writes:  

“(Andrew) Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.

The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters.

My heart bleeds for them!  While I’m sitting here worried about trifling things like groceries for my house and gas for my truck, and diapers for my kid’s butt, he’s got real problems.  He may have to pull his kids out of their private school and maybe send them (the horror!) to a public school where the rest of the Plebs go.  Not only that, but how will he afford his Summer vacation home?  And as if that isn’t bad enough… they will have to stay in their lowly 1200 square foot house in Brooklyn.  Well, they might as well just pack up and move to the ghetto.  No more $4 lattes from Starbucks.  No more pedis for the misses once a week.

 “People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy.”

People who don’t have money… this has to be the stupidest  statement I have heard in…well, in quite a while.  Yes, it’s true, we can’t imagine what it’s like to have to say, “I can’t afford to keep all THREE of you kids in private school, you’ll just have to take turns.”  That’s because we (the other 99% actually, not even, because I don’t count myself in the same bracket as someone making 200k a year (even if they don’t qualify as one of the “elite” one percent)…we are busy telling our kids we can’t afford the gas to drive them to their soccer practices three days a week, or we can’t buy you those new shoes right now, can you wear your brother’s old ones for a while? 

Or else we’re busy dodging phone calls from the collection agency for that emergency room trip we had to make with our kid a couple months before.  You know, because we are the lazy ones who work those piddly jobs making minimum wage and serving the elite their food and carting away their trash (and those huge boxes that those 60″ TVs come in can be really cumbersome) and painting their wife’s toenails.  We don’t have “real jobs” so we are starting to be unable to make ends meet.  So many of us are lazy now, that we have to “mooch” off the state for medical care and food.

Yes, I know I sound bitter and merely covetous of the 1%’s wealth.  But while these Bankers and …whatever…are busy worrying about their kid’s tuition and other “huge financial commitments” they’ve made, do you think they take even ONE minute to ponder what it’s like to have to wonder how you are going to afford your heart medication or depression medicine (because by now we’re all really fucking depressed).

Maybe that poor sad banker should just go hang himself in the closet before the shame gets to be too much to bear; the rest of us can watch the news coverage of his demise on the 13″ TV while we wait in line at the food stamp office before our shift at Walmart.  Because we’re too busy trying to get shit done to feel sorry for ourselves.

4 responses to “Woes of the 1%

  1. Of course they haven’t taken a minute to wonder about the people “under” them — that’s never been their job, whereas we’ve always been put in positions where we have to worry about the people “above” us.

    I don’t think anything about this post sounds bitter. 🙂 I think you’re justified to put it out there the way you do. What a great deal of these people need is a stab of reality, a chance to understand that — while their savings is bulging and their paychecks are in the thousands — we’re barely scraping along with sometimes 100, 200 bucks a week, trying to manage our lives in a world that does not take kindly to poverty.

    • Too true. Until a person knows what it’s like to be looked at like scum while he’s haggling to get his electric turned back on, or the shame a parent feels when they can’t give their kid all the things they have dreamed of giving them. Thanks for the read!

  2. The arrogance is staggering… “people who don’t have money don’t understand the stress”… it’s just brain-melting the level of delusion in this statement. Basically what they’re saying is “it’s much easier to deal with not having something than to deal with losing it”. Well fuck you, you entitled sons of bitches…

    On a side-note, no, you don’t come across as covetous. You come across as someone who still has a solid grasp on common sense and a sort of normality. 🙂

    • Thank you for your comment…and your commiseration. 🙂 I agree, the arrogance is completely mind-numbing. And as to their postulation about losing things… I would tell that smarmy a-hole that in the past two years, my husband and I lost jobs, our house, our vehicles, and also had some very personal losses as well that just made these two years very difficult, and that can come over to my matchbox apartment in east Jesus if he wants to see what “poor” is like. And STILL, I am grateful for what I DO have.

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