Quote:
Originally Posted by Louis Bollman
Wealthy people have not been in hit in the same way that most Americans have by the current economic crunch.
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Other than the roughly 40% of Wall St. jobs that were lost in '08 and '09, plus the thousands of jobs in legal and other industries that support the Wall St. community in NY and the financial community across the country? And other than the fact that homes over $500,000 (the ones that the wealthy owned) lost a much higher % of their value than did homes under 500,000....It always make me laugh when people suggest that "wealthy" people weren't "hit in the same way". Just not true.