Wednesday, May 1, 2013

Mark Gongloff — Bankers Explain How They Cannot Possibly Live On $1 Million Pay

Like many carbon-based lifeforms, you perhaps think that bankers are driven only by naked greed. But that is just because you don't understand them: They actually have a deep psychological need for that money....
For one thing, taxes will quickly whittle a seven-figure income right down to the mid-six figures, perilously close to being within sight of the middle class. Then, an ex-Goldman banker points out, with the mere $600,000 in take-home pay remaining, bankers still need to "pay the mortgages on, and maintain houses, in the Hamptons and Manhattan, to put three children through private schools costing $40k a year each, and to pay living costs."...
And this is before the wives get their cut. According to the bankers and ex-bankers in this article, there are only two marital choices available to bankers: The frumpy, educated girl they've been saddled with since college, or a physically attractive layabout who sucks their soul and bank account dry. Which only makes sense, because what other kinds of women are there, amiright, fellas?
The Huffington Post
Bankers Explain How They Cannot Possibly Live On $1 Million Pay
Mark Gongloff

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