Thoughts on Stuff, the Panic Edition

It’s only Wednesday but the loneliness has already set in. Priscilla was gone for dinner the other night, out at the Spur for Angela’s birthday, leaving me with four or so hours of freedom. Now normally this wouldn’t be a lot, but when you’re a stranger in someone else’s house and you’ve found that you’ve got nothing but time on your hands, things start to get strange.
I sat for awhile, reading. But it felt strange to be reading, almost as though I was trying to go to bed too early. So I had dinner. And then I read some more. And while I should have been doing something productive (read this as: physcial activity of some sort), by the time I had the urge to go outside, darkness was falling and I know there’s no point in leaving the house past dusk as the danger level seems to multiply by nearly a million at the point of time that the sun dips below the moutain range and leaves us shrouded in the darkness.
So I started thinking.
And oh the thoughts came swirling out of my mind, as though they’d been crouched there, just waiting for me to call them up and put them to work.
Life and love and everything in between.
It’s been more than a day now, nearly two but the thoughts haven’t left.
It’s like there’s a tornado of information inside my mind and it won’t quiet. Today, I made a pact with myself, a quiet plan for the future. I spent an hour Googling for jobs for myself and not for anyone else. I selfishly searched salary information and requirements and came up short.
But it’s alright. I have a base plan. I have an idea. Hopefully that spark will grow and grow and turn into a career.
Let me remind you, Verizon does 100% tuition assitance (tuition costs, books, etc) for degrees that align with the career path there. So what is a year of customer service or sales? It’s a base. It’s something. It’s money that I currently don’t have. It’s food on the table for me and cat food in Carlos’s bowl. It’s a start. It’s Simon’s new bumper. It’s the beginning of my 401(k). It’s a benefits package.
Keep your fingers crossed, then. Here’s hoping they’ll see something in me and hire me, odd resume and Communications degree and all.

Deep breaths.

Maybe the yoga I’ve been putting off might need to come in handy right about now. Or sooner than now, if possible.

Below: an article that’s really got me pissed off today. $250,000 may not be rich, but don’t have the balls to call yourself “middle class” and then talk about how you can’t afford your gardener. And don’t talk about how “living beyond your means” is something that the middle class “has” to do. There is much more segmentation in the class system than just simply “rich” and then “middle class” and it’s not as if the middle class is so poor itself.
Do some research into the poverty lines and you’ll see that you’re already living well above their (the actual “poor”) means.

If you live in an expensive neighborhood, it doesn’t make you poor if you can’t afford it, it makes you an idiot for buying a house you can’t afford.
It’s not about how much you make, it’s about how well you budget. And I seriously doubt that anyone making $250,000 should worry about not being able to make ends meet. They just need to reevaluate their spending habits and the cost of all of those “necessary” expenses. And for the record, a gardener and a maid are not necessary expenses.

And also, you could live quite happily in a big city like Chicago on $250,000 per year, provided you aren’t living somewhere ridiculously expensive and provided that you own what you have. Yeah, the city is damn expensive, but it doesn’t have to be as expensive as some people make it out to be.

And maybe you’re not “rich” but you’re certainly well off and your energy would be better spent shutting your mouth and doing something productive instead of whining like a spoiled child.
Grow up. There are people more deserving of your money than you’ll ever be, Elie Mystal (and Todd Henderson, too, for that matter).

Earning $250,000 Does Not Make You Rich, Not in My Town

By Elie Mystal

Last week, University of Chicago law professor Todd Henderson published a controversial post on Truth on the Market. Henderson revealed that he and his wife have a combined income of over $250,000, but argued that this doesn’t make them rich — certainly not rich enough to afford the new taxes Obama seeks to impose on married couples making $250K or more.

You can read the full post over at Brad DeLong’s blog, Grasping Reality with Both Hands. You cannot read the full post on Truth on the Market, because the post has been taken down. Henderson explains why:

The reason I took the very unusual step of deleting [the post and comments] is because my wife, who did not approve of my original post and disagrees vehemently with my opinion, did not consent to the publication of personal details about our family. In retrospect, it was a highly effective but incredibly stupid thing to do. The electronic lynch mob that has attacked and harassed me — you should see the emails sent to me personally! — has made my family feel threatened and insecure.

Well, Professor Henderson, I’ve got your back. We might fight to the death about the proper use of the government’s fiscal authority, but it should be beyond obvious that earning $250,000 a year in this country does not make you rich. That figure doesn’t even approach “wealth,” especially if you live in a major city.

I might have a little more experience with electronic lynch mobs then Professor Henderson, so bring it on if you must. But for all the moral outrage one can level at a person bitching about making “only” $250K, know that $250K per annum is much closer to the minimum starting point you need to bank in order to have a shot at “making it” in the expensive cities of America. Living the dream requires a whole hell of a lot more….

If you are starving and I give you a mayonnaise sandwich, you’re going to be pretty happy. You’ll probably say that you’ve eaten well that day. Due to your poverty and malnutrition, your “American Dream” might well be to simply get to the point where you can have three mayonnaise sandwiches a day, and perhaps provide additional sandwiches to your spouse and children. Similarly, if you are earning $50,000 a year, the prospect of earning $250,000 a year probably seems like a panacea. Think about it: you’d be earning five times as much! I’ve yet to meet the person who wouldn’t love to quintuple his or her salary. From the perspective of a person making $50,000 a year or less (the subset could also be called “most Americans”), the person or family making $250,000 a year is rich.

Except he’s not. Sorry to burst your bubble, but “zero money down” is a bad idea, ultra-feminine lesbian sexbots don’t really exist, and $250K doesn’t allow you to live in financial comfort. Mo’ Money, Mo’ Problems.

In fact, most people who make $250K aren’t even sitting there thinking: “Ooh, if I bust my ass and play my cards right, being ‘rich’ is just around the corner for me and my family.” If, God forbid, $250K also represents all you have, being truly rich is probably not even an option for you. You can’t “invest” in anything with the piddling savings you’ve stowed away. You can’t “buy” anything, other then maybe a family home and a some consumer assets that will start to depreciate the minute you breathe on them. And what you’re not spending on your day-to-day expenses had best go to retirement, unless you want to be 80 years old and confusing your grandkids with stories about “Social Security” and other entitlement programs they have never heard of.

No, if you are making $250K a year, what gets you out of bed every morning isn’t even the desire to become rich. Instead, you’re motivated by the white-knuckle fear that something will go wrong and you’ll be cast back down with the sodomites who struggle valiantly to eke out an existence on $50K or less. You are certainly not rich, but you are terrified of becoming poor.

When Professor Henderson broke down his expenses, included in them were things that make a person sound rich. He’s got a gardener. He’s got a cleaning lady. FAT CAT ALERT! Anybody who can afford to buy himself out of manual labor must be rich, right?

But hold on to your pitchforks for just a minute. I don’t think anybody wants to live in a country where the purchase of a luxury good or service defines people as “rich.” If that was the world we wanted, there would be an awful lot of people walking here with flat-screen televisions and fine automobiles, who would also be defined as “rich.” I’m looking at you, legal secretary with a $60,000-a-year job who somehow finds an extra $5,000 to take a vacation to Bermuda during non-hurricane season. I’m looking at you, $57,000-a-year paralegal who makes me feel bad about my “sales rack at Macy’s” wardrobe. Americans spend money on all kinds of “luxury” crap that they have no business buying. You know what makes you rich? When you can actually afford all that junk.

And at $250K, you simply can’t afford it. Take me. My wife and I are just under the $250K potential tax threshold — thanks honey! your law degree does not make your ass look fat! — and if things break right for us, we’ll be over it next year (click on these ads, click on them now, you damn freeloaders). But if you think that affords me anything more than a paycheck-to-paycheck monthly scramble, you’re out of your freaking mind.

I own nothing (mmm… judgment proof) — not a stock, a bond — and the only market for my “assets” is the “Cash for Gold” shop in Atlantic City. I pay a ridiculous premium to live in my 2-1-2 area code, and I live in a hovel so embarrassing that when non-New Yorkers come to visit, they assume I’ve just been robbed. As we shuffle by Park Avenue apartments that I can’t afford to even look at, my dog tries to break her leash and get herself adopted by someone who can afford her upkeep. I’m a professional blogger, yet my computer is so old I can’t even download decent porn off the internet anymore. Last night I got a text from my Manhattan bedbugs which read, “Dude, we can’t live like this no more, peace out loser.”

And I don’t even have kids. And I didn’t even bring up my debts.

Could we rework our expenses to pay new taxes or generally save more money? Of course. We’re middle-class. That’s what middle-class people do: live as far above their means as possible until it becomes impossible. And then we play the lotto like everyone else. Rich people don’t play the lotto, and they don’t live above their means. They worry about whether or not they can afford another plane, not whether they can afford to fly coach.

And those people, the real rich people, those people should be taxed. Tax the living hell out of them, I say (I’m a liberal, it’s in the handbook). Henderson points out that the truly rich are avoiding taxes by hiding money in the Caymans or by using complicated financial instruments, and I say Obama should be going after that money. Stop being afraid of being labeled as “anti-business,” and go get the money from the people who can afford to pay it.

And if Obama does get that money, if he does what is hard and actually closes offshore tax loopholes and raises the capital gains tax and executes all the policies that embody true fiscal restraint and make Republicans cry in the night, and then he comes back to me and says, “Yeah, and we still need to raise taxes on those making more than $250K,” I’ll say fine. I’m willing to pay my share, albeit begrudgingly. I absolutely recognize that at $250K I’m doing a hell of a lot better than my buddy who makes $62K, lives with four random roommates, and once told me that if you add frozen peas to a cup of ramen it’s a more nutritious and filling dinner because the peas pack extra protein at a cost-effective price. Yeah Obama, tax me, not that guy. I get it.

But don’t call me rich. Don’t insult me by putting my family and Michael Bloomberg’s family in the same freaking talking point. If you want to blow that “quarter of a million dollars a year” soundbite up the ass of a laid-off steelworker in Pittsburgh, fine. But you know damn well that $250K does not make one rich in this country.

(http://abovethelaw.com/2010/09/earning-250000-does-not-make-you-rich-not-in-my-town/)
 

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About kb

free spirit, lover of red wine, bacon, sushi, the ocean, and adventure. I work in the legal field, do freelance writing, and take care of children.

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