I propose a new reality show, wherein 12 demographically diverse people who earn from let's say, 12,000-75,000 a year ( last year, pre-taxes) are given 500,000$ and they are "judged" on how long they can make this money last, or what great investments they can make etc.
They will be given great advisers, financial seminars, temptations, challenges, and it will last a year.
Somehow I think the single dad used to 40,000$ a year, or the little old lady used to a fixed income of $1,372 a month, the single father will not consider probably being able to buy a fixer upper house, or the little old lady actually having money for her meds, and to visit her grandbabies, "living hand to mouth"...
I don't know how the judgment would come out...maybe the person with the most money still in the bank wins? Or a panel of financial experts etc judge how they did?
But $400,000-500,000$ is not "making do", or living on the edge...
BAAAAAAAAAAWWWW I HAVE TO PAY HIGH TAXES ON RIDICULOUSLY EXPENSIVE PROPERTY THAT I CHOSE TO BUY AND CAN GET RID OF IF I WANT TO OMG SOSHULIZM NOBAMA BAAAAAWWWWWWWWW!!!
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You say that like it's a bad thing, Forbes.
Also, BAWWWW at the people struggling on 400K. It's called "living within your means". Try it. It won't kill you.
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SO. MUCH. THIS.
Yeah, I'm feeling very "fuch rich people" lately. If they extend the Bush tax cuts for the wealthy I may seriously explode from rage.
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They will be given great advisers, financial seminars, temptations, challenges, and it will last a year.
Somehow I think the single dad used to 40,000$ a year, or the little old lady used to a fixed income of $1,372 a month, the single father will not consider probably being able to buy a fixer upper house, or the little old lady actually having money for her meds, and to visit her grandbabies, "living hand to mouth"...
I don't know how the judgment would come out...maybe the person with the most money still in the bank wins? Or a panel of financial experts etc judge how they did?
But $400,000-500,000$ is not "making do", or living on the edge...
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I tend to greatly dislike reality shows, but I'd sign up for that.
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Paul Krugman's awesome.
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