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Old 03-15-2009, 11:34 AM
 
Location: Austin
15,637 posts, read 10,390,278 times
Reputation: 19530

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Reading this article made me very, very angry on so many levels. It discusses young people spending thousands for weekend champagne brunches in Manhattan. One young investment management employee boasts he wouldn't be there except the government gave his firm $10 Billion.

I won't discuss the specifics. Read it for yourself. I warn you not to read it on a full stomach.
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Old 03-15-2009, 01:53 PM
 
Location: Earth
24,620 posts, read 28,282,339 times
Reputation: 11416
Can you please link?
Does it require a login?
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Old 03-15-2009, 01:55 PM
 
6,993 posts, read 6,338,198 times
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Quote:
Originally Posted by chielgirl View Post
Can you please link?
Does it require a login?
http://www.nytimes.com/2009/03/15/ny...ty/15part.html

No log in required
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Old 03-15-2009, 02:08 PM
 
6,993 posts, read 6,338,198 times
Reputation: 2824
Quote:
Originally Posted by texan2yankee View Post
Reading this article made me very, very angry on so many levels. It discusses young people spending thousands for weekend champagne brunches in Manhattan. One young investment management employee boasts he wouldn't be there except the government gave his firm $10 Billion.

I won't discuss the specifics. Read it for yourself. I warn you not to read it on a full stomach.
Hedonism is not a new lifestyle concept. Rich and/or foolish people have been pi**ing money away on lavish, indulgent celebrations, probably since time began.

The article did not make me angry - incredulous, maybe, but not angry.
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Old 03-15-2009, 02:22 PM
 
12,669 posts, read 20,447,035 times
Reputation: 3050
Quote:
Originally Posted by ray1945 View Post
Hedonism is not a new lifestyle concept. Rich and/or foolish people have been pi**ing money away on lavish, indulgent celebrations, probably since time began.

The article did not make me angry - incredulous, maybe, but not angry.
It should because

One young investment management employee boasts he wouldn't be there except the government gave his firm $10 Billion.

Different if his company earned it on its own!
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Old 03-15-2009, 02:32 PM
 
Location: Tennessee
37,803 posts, read 41,013,481 times
Reputation: 62204
Quote:
Originally Posted by Miborn View Post
It should because

One young investment management employee boasts he wouldn't be there except the government gave his firm $10 Billion.

Different if his company earned it on its own!
These aren't company brunches. These are individuals doing these things. If a guy makes $200,000 a year, whether his corporation gets a bailout or not, they still only give him his salary. If he wants to blow it on brunch, who cares, as long as we're not giving him, personally, any money, freebies or a break on his mortgage. Then, I'd be pissed.
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Old 03-15-2009, 02:43 PM
 
5,758 posts, read 11,636,388 times
Reputation: 3870
Hmm. I'll go ahead and blame this on jealousy. Whose fault is it, really, if you lacked the gumption to go to a top college and get yourself hired by an investment bank at the age of 22 so that you could live that sort of lifestyle? You snooze, you lose...
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Old 03-15-2009, 03:59 PM
 
Location: Socialist Republik of Amerika
6,205 posts, read 12,862,622 times
Reputation: 1114
Can i have his liver?
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Old 03-15-2009, 04:09 PM
 
Location: A little suburb of Houston
3,702 posts, read 18,215,075 times
Reputation: 2092
I don't see an issue if it is his money. The money he worked for. Poor and middle class kids are doing something similar. Check out the $4000 worth of rims on their cars and the $2000 stereo systems. It's just a matter of proportion and interests. In some of these cases, I do have a problem as some (by no means all) of them are getting welfare, foodstamps, etc.
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Old 03-15-2009, 04:13 PM
 
18,130 posts, read 25,286,567 times
Reputation: 16835
Quote:
Originally Posted by texan2yankee View Post
Reading this article made me very, very angry on so many levels. It discusses young people spending thousands for weekend champagne brunches in Manhattan. One young investment management employee boasts he wouldn't be there except the government gave his firm $10 Billion.

I won't discuss the specifics. Read it for yourself. I warn you not to read it on a full stomach.
So what's the problem?
How do you know that that young investment management employee didn't win a bid?

I don't have a problem with them spending their money however they want.
What bothers me is to hear them complaining about taxes because they won't be able to take a vacation in Europe to help their economy.
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