Quote:
Originally Posted by epchick
Is Guiliani for reals?
So these people will be making $400,000 a year, yet they won't be able to go to restaurants, buy clothes or anything like that because they won't be getting their bonuses? And it's gonna drive up unemployment? GET REAL.
It's not the taxpayers fault if these a-holes decide to live above their means.
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They aren't living above their means, not at all. Where did you get that idea?
Bonus time is a big deal in NYC, as crazy as it sounds. Imagine if you got a check for $1 million dollars, or even $100,000--in addition to your baseline salary. New homes are purchased, and renovations begin like crazy. The premium car dealers on Park Avenue bring out all their new Maybachs and Maseratis, and they sell like hotcakes. Major charitable donations are made. We knew a family who was able to pay for their four kids' Ivy League tuitions with one bonus check. People in the fur industry make enough around this time to sustain them throughout the year. All of this spending at the tippy top has a trickle down effect.
So, Giuliani is right in that the bonuses are responsible for injecting a major amount of $$$ in the NYC economy. Granted, I don't think they should have been using taxpayer money, but to say that bonuses are inherently evil is lazy thinking.