Punishing the One Percent, Unfairly

IT WAS ANNOUNCED that annual year end bonuses for "workers" on wall street this year would be down considerably from last year; down to about one hundred grand per "worker",  down from last year's average of one hundred and twenty six grand.

Hell, back in 2006, before the recession, the bonuses averaged about three hundred grand per "worker". Hard times have befallen the financial services industry. CitiGroup laying off workers, other brokerage houses doing the same; its a damned shame.

Cutting bonuses is a way to avoid cutting workers, aka brokers, it was announced. Now, bear in mind that these bonuses are not being paid to secretaries, janitors, messenger boys, or those who deliver coffee to the corner offices with a view of the  investment professionals.

Verily, said bonuses are paid to the stock brokers themselves, or those who supervise said brokers. And the wailing and teeth gnashing is underway. The average annual salary for a broker on wall street is a mere three hundred grand and change, so, receiving a mere hundred thou bonus will scarcely cover the cost of a new lexus for the prep school child, will scarecly cover the daily hair styling, massaging, and manicuring of the trophy wifey poo, scarcely cover the cost of that cancun "getaway" for broker and wife, broker and mistress, or broker and whomever. 

That average three hundred grand and change salary includes all the rookies fresh outta Ivey league business college; in actuality, the top financial investment advisor professionals, the ones with the corner offices with a view, the one percent, "make" millions per.

You, with your 401K into which is put tens of dollars each month, stop complaining. You're lucky. The people who manage your money are magnanimously condescending to continue managing it, though grotesquely underpaid this year they shall be.

You, with your fat cat teacher retirement fund, totalling in the thousands of dollars after a mere few decades of classroom lolly gagging, should feel ashamed of yourselves. You fire fighters and cops, nurses and street cleaners, if you would work harder, work more hours, contribute more to your own retirement funds, invest more, and feed your family less, might be able to adequately compensate those who skillfully manage your assests from their corner with a view offices on wall street.

One unnamed wall street "worker" described the situation as a "blood bath". And a blood bath it is. Next time a buncha overpaid disgruntled unclean unwashed hippie type occupy wall street trash sit their lazy butts down on wall street and begin bitchin', please at least take one moment to consider the plight of the one percent. They won't have as many goodies beneath their thirty foot christmas trees this year, and its all your damned fault.

If we had elected mitt, rather than barrack hussein, this tragedy probably wouldn't be happening.