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Author Topic: How the Failing Economy Affects the Rich  (Read 2202 times)

christo4_99

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How the Failing Economy Affects the Rich
« on: January 30, 2009, 04:35:44 PM »
Rich folks are living large,large living requires a lot of money,if money supplies cannot be replaced via gambling(stock market) then the large life begins to tap into real assets and they decrease proportionately.Can you imagine a multimillion dollar expenditure on a daily basis which is not being replinished with the easy money that you are accustomed to spending?Can you imagine telling your nephew on his 18th birthday that he won't be getting that Ferrari you promised him?
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z.monkey

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Re: How the Failing Economy Affects the Rich
« Reply #1 on: January 30, 2009, 05:30:48 PM »
The ultra rich can only survive by sanctioned government subsidy.  Wall street went broke, and begged for the US.gov to bail them out (poor babies).  They took the bailout money, gave it to all the top executive, and laid off the labor...

Hows that suit you?  Are you management or labor?  Did you get a big ass bonus, or laid off?
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