Mr. Shaman
Senior Member
- May 4, 2010
- 23,892
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....and, facing a return to the '93 Tax Rates.
"Professor Hendersons problem is that he thinks that he ought to be able to pay off student loans, contribute to retirement savings vehicles, build equity, drive new cars, live in a big expensive house, send his children to private school, and still have plenty of ca$h at the end of the month for the $200 restaurant meals, the $1000 a night resort hotel rooms, and the $75,000 automobiles. And even half a million dollars a year cannot buy you all of that.
But if he values the high-end consumption so much, why doesnt he rearrange his budget? Why not stop the retirement savings contributions, why not rent rather than buy, why not send the kids to public school? Then the disposable cash at the end of the month would flow like water. His problem is that some of these decisions would strike him as imprudent. And all of them would strike him as degradations; doctor-law professor couples ought to send their kids to private schools, and live in big houses, and contribute to their 401(k)s, and also still have lots of ca$h for splurges. That is the way things should be."
Gee......maybe someone needs a bake-sale.