Wealthy Now Feeling The Pain of Republican Economic Policy ~ AP

[mzmolly]

I took some liberty with the title, but mine is more accurate. ;)
http://news.yahoo.com/s/ap/20080803/ap_on_re_us/wealthy_spending">AP-YAHOO

The rich are sharing your financial pain — and contributing to it.

It may have taken longer and it may not be as acute, but there are early hints that the economic slump is crimping the lifestyles of the wealthy.

They are investing more conservatively, spending less on luxury goods and are being more thrifty with their credit cards. Many are asking their personal shoppers and private-jet travel providers to seek the best deals rather than over-the-top extravagances.

"It's a sluggish economy, and its difficulties are felt all over," said Joseph DiRenzo, a married 38-year-old father of three who left a hedge fund two years ago to enter commercial real estate.

http://www.wellstone.org/about-us/wellstone-legacy/speeches/sheet-metal-workers-union-1999">"We all do better when we all do better." ~ Paul Wellstone

[hobbit709]

1. All together now!

AAWW!!:nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity: :nopity:

[gateley]

2. Yeah, but if it's beginning to affect the wealthy,

then maybe something will be done about it. We have no voice. They do.

[freesqueeze]

3. How about picking up their own underwear

off the floor after they screw the little people?

[mzmolly]

10. Tsk, Tsk.

Let's hope it doesn't come to that!

[TheCowsCameHome]

4. I wonder what their idea of economic suffering is.

Nothing like what the real world knows, I'll bet on that.

[Tandalayo_Scheisskopf]

5. I will know they are feeling real pain...

When I am asked to give seminars on how to live in diminished circumstances to these scumbags. It will be a simple curriculum: Fuck you and the horse you rode in on. You built this. Learn to sleep in dumpsters. Now fuck off.

[Glorfindel]

6. How tragic for them - our French brethren found a cure for such "pain"

a couple of hundred years ago. Maybe our hyper-wealthy fellow citizens will not require such dramatic medicine for their suffering. I truly hope not, for everyone's sake. A return to the common-sense income tax rates of the early 1970's would prevent "sharper" measures in the future, I believe. :patriot:

[hobbit709]

8. You got it-they need to be shortened.

[spag68]

11. If the IRS would just collect

the money that the wealthy already owe, it would help all of us. The story about the billions that were illegally sent to overseas banks and hidden from the IRS is gone and we will probably not hear anymore about it. There are so many of the wealthy paying no taxes at all that it makes me sick, I don't think it is class warfare to insist that all citizens pay a fair share to support Government programs that benefit all.

[poverlay]

7. Now that's what I call "Trickle UP economics"! n/t

[mzmolly]

9. LOL

Yes indeed. It's a shame that the CEO's at Walmart remain clueless about who better benefits us all.

[Phoebe Loosinhouse]

12. People who lose the concept of scale -even though very rich, often bankrupt-

You hear about this all the time and it usually involves the "nouveau riche". They have (suddenly) scads of money and they spend it like there's no tomorrow.

It takes LOTS of money to lead that type of lifestyle (multiple houses, yachts, expensive and necessary designer clothes, assistants, etc.

People who inherited money are often famously parsimonious - the idea that anyone would have to go out and "earn" it again is just too dreadful to be considered.

[DS1]

13. A private jet charter for two can cost upwards of 65,000

My heart doesn't weep for these people.

[SpiralHawk]

14. The putrid fruit of republiconomics

A curse on America and Americans.

[Name removed]

15. Deleted message

Message removed by moderator. Click here to review the message board rules.

[FKA MNChimpH8R]

16. Eat the rich The poor are tough and stringy,

[mzmolly]

17. Thanks for the mystery rec.

:)

[Liberal_in_LA]

18. bump

[mzmolly]

21. Thanks L.I.L.A

:hi:

[magellan]

19. Love the Wellstone quote, it's spot on

Don't know why it's so difficult for so many to grasp.

As for the rich feeling some pain: if they're getting what they voted for, good.

[mzmolly]

20. I agree. It's a no brainer.

Tax cuts for the wealthy are a very short sighted benefit economically speaking. Eventually, even they lose with the so called "free market solution" to all that ails us.