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1 posted on 01/09/2006 5:04:20 PM PST by paltz
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To: paltz

Not new, it's always been like this. The dilittante druggies and partiers don't want their street cred posing to be belied by their trust fund.


2 posted on 01/09/2006 5:06:33 PM PST by tallhappy (Juntos Podemos!)
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To: qam1

ping


3 posted on 01/09/2006 5:07:02 PM PST by paltz
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To: paltz

Very interesting article.


4 posted on 01/09/2006 5:10:43 PM PST by Irish Rose (Will work for chocolate.)
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To: paltz

Money can be a useful tool in good hands. In the hands of a spoiled kid, it is like handing him a loaded revolver to play Russian Roulette. He hasn't earned it. He can't appreciate it. Any wise use of the money will be the result of sheer dumb luck.

I see this where I live. Parents who raise trust fund babies not ready for the real world. Other parents who don't have the money try to keep up appearances of wealth...teaching their kids to go deep into debt to live like neighbors who have wealth. Both do a disservice to their families.


5 posted on 01/09/2006 5:11:27 PM PST by peyton randolph (As long is it does me no harm, I don't care if one worships Elmer Fudd.)
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To: paltz
"I used to be very embarrassed of my privileges," says Andrew.

Let me help you. Make that check payable to Serb5150.

6 posted on 01/09/2006 5:11:32 PM PST by Serb5150 (Mir Boziji – Hristos se Rodi!)
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To: paltz
"I tell them all that the remedy is to get a job and fend for yourself; it helps you find direction in life."

That will not only get your head straight, it will also make you a Republican!

7 posted on 01/09/2006 5:11:54 PM PST by bpjam (Now accepting liberal apologies.....)
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To: paltz
The Research Network on Transitions to Adulthood, which studies the phenomenon of "emerging adulthood," found that parents provide $38,000 cash, on average, to their kids in years between age 18 and 34, a big increase over previous decades. In a way, we're all trust fund babies.

Somebody owes me $37,643 adjusted for inflation.

(interesting article, a generic profile of the young punks at your average lefty protest)

8 posted on 01/09/2006 5:20:47 PM PST by TC Rider (The United States Constitution © 1791. All Rights Reserved.)
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To: paltz
"I have many friends in the U.S. and abroad who are living off inheritances and aren't working, and some are very miserable," he says.

Well, welcome to adulthood, junior. There are plenty of us who are working and very miserable, too. I'm sure we would gladly switch places.

9 posted on 01/09/2006 5:22:03 PM PST by retrokitten
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To: paltz

Well, boo freaking hoo.


10 posted on 01/09/2006 5:22:10 PM PST by rbg81
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To: paltz

"But money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. It will give you the means for the satisfaction of your desires, but it will not provide you with desires. Money is the scourge of the men who attempt to reverse the law of causality--the men who seek to replace the mind by seizing the products of the mind.

Money will not purchase happiness for the man who has no concept of what he wants: money will not give him a code of values, if he's evaded the knowledge of what to value, and it will not provide him with a purpose, if he's evaded the choice of what to seek. Money will not buy intelligence for the fool, or admiration for the coward, or respect for the incompetent. The man who attempts to purchase the brains of his superiors to serve him, with his money replacing his judgment, ends up by becoming the victim of his inferiors. The men of intelligence desert him, but the cheats and the frauds come flocking to him, drawn by a law which he has not discovered: that no man may be smaller than his money. Is this the reason why you call it evil?

Only the man who does not need it, is fit to inherit wealth--the man who would make his own fortune no matter where he started. If an heir is equal to his money, it serves him; if not, it destroys him. But you look on and you cry that money corrupted him. Did it? Or did he corrupt his money? Do not envy a worthless heir; his wealth is not yours and you would have done no better with it. Do not think that it should have been distributed among you; loading the world with fifty parasites instead of one, would not bring back the dead virtue which was the fortune. Money is a living power that dies without its root. Money will not serve the mind that cannot match it." - Ayn Rand (Atlas Shrugged)


14 posted on 01/09/2006 5:27:25 PM PST by somniferum
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To: paltz; rmlew; Do not dub me shapka broham
Sounds like some of my former classmates.

I like to call them Trustafarians. Daddy pays for the $1,400 a month tenement room in Williamsburg so that they can play the role of the "starving bohemian." I swear that neighborhood should be bombed.

There is NO problem with having your parents help you out to get settled. After all, that's what families do. Its these POSERS who dabble from job to job and put on the boho attitude that piss me off.

16 posted on 01/09/2006 5:30:29 PM PST by Clemenza (Smartest words ever written by a Communist: "Show me the way to the next Whiskey Bar")
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To: paltz
hunger has been removed from the equation with my sister and I.

So has grammar, evidently.

17 posted on 01/09/2006 5:34:43 PM PST by aposiopetic
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To: paltz

Same old, same old...


18 posted on 01/09/2006 5:36:03 PM PST by durasell (!)
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To: paltz
This article looks like it was written about a big chunk of my tenants.

Its weird seeing some of these really rich kids dressed like slobs and acting like they are poor while having absolutly no idea what poor is and having a disconnect while being ashamed of themselves.

These guys are also the typical jerks you'll meet in a bar, who are very quick to turn into snobs and show a sense of entitlement very fast (0-60, 2 seconds) when they don't get their way.

Yet, they want to try and play pretend and act according to what they believe the working class is only with "enlightenment", the arrogance they have is disgusting.

I know I shouldn't complain since so many folks like this are my tenants, but the attitude is revolting.

19 posted on 01/09/2006 5:39:07 PM PST by Sonny M ("oderint dum metuant")
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To: paltz
In a way, we're all trust fund babies.

No, I'm not.

21 posted on 01/09/2006 5:44:10 PM PST by Graybeard58 (Remember and pray for Sgt. Matt Maupin - MIA/POW- Iraq since 04/09/04)
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To: paltz
These workshops, which can cost up to $150,000 per family, are designed to teach children, teens, and young adults the basics of investing and money management.

If you need to spend 150 K to teach you how to take care of 1 Mil, you don't have any business having 1 Mil.

22 posted on 01/09/2006 5:46:14 PM PST by SnuffaBolshevik
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To: paltz; Lijahsbubbe; aculeus
His parents have underwritten the whole enterprise, which Tyler calls "incredibly selfless" but also a source of anxiety. "The knowledge that there are financial buffers in my life makes me at times feel powerless," he says.

Yo Tyler, you could always just say no. Oh right, your angst doesn't bother you that much, otherwise you would feel compelled to pay your own way.

23 posted on 01/09/2006 5:46:32 PM PST by Thinkin' Gal (As it was in the days of NO...)
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To: paltz

I forget who it was (Investor magazine?) but they did a study on the attitudes between trust-fund millionaires and bootstrap millionaires. The former were much more likely to be liberal, believe in 'progressive' tax systems and were even in favor of inheritance taxes. Makes sense, though, they didn't work for what they have, are almost immune to income taxes and don't care all that much about the next generation. Those of us who work know better (and tend to be conservatives... not that I include myself among the millionaires!)


24 posted on 01/09/2006 5:47:27 PM PST by WileyC
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To: paltz
Image hosted by Photobucket.com "his name is Clarence..."
29 posted on 01/09/2006 6:08:38 PM PST by Chode (American Hedonist ©®)
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To: TR Jeffersonian

ping


30 posted on 01/09/2006 6:15:09 PM PST by kalee
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