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Oh, the stress.  You poor lucky duckies.  Lost your house, lost your job, you're lucky, cause I'm stressing over private school tuitions.

This headline at Bloomberg News did what a good headline does: it grabbed my attention.

Wall Street Bonus Drop Means Trading Aspen for Discount Cereal

And there's more:

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.

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. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

There is little I can say as a comment that can add to the outrage created by that statement.

I'm not advocating this, but the French during their revolution had a way to deal with the aristocracy.

GoBama 2012!

Originally posted to TomP on Wed Feb 29, 2012 at 08:21 AM PST.

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement, Occupy Wall Street, and Progressive Hippie.

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