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Wall Street Oasis » Blogs » M Friedman's blog
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Concessions for Taxing The 1%
 

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M Friedman's picture
M Friedman
     
 
(King Kong, 1,007
 
Points)
 on 12/5/11 at 4:15pm
Screen shot 2011-12-05 at 4.25.13 PM.png

In the near future, the bush tax cuts will expire and another debt ceiling debate will begin. With that being said, I just do not see the top 1%, or even the .01%, escaping higher taxes. Though, is there any way America can coax the rich into willfully paying higher taxes?

What if we could offer minute public benefits to those that have to pay higher taxes? For instance, take this short list:

- What if the 1%ers became eligible to park in handicap parking spaces for 2 years.

- Or, the .01%ers got expedited passport service for free

- Even better, what if the taxed, rich population received a fast pass lane at the DMV

I must admit that this post is essentially a paraphrase of a WSJ opinion piece months ago, yet the fundamental idea has stuck with me for some time now. Since the 1% only represent ~3,000,000 people nationwide, would anyone even notice a couple occupied handicapped spots every once in a while? Maybe some people might notice that a handful of Bentley drivers have suddenly become disabled; otherwise I highly doubt the concession would cause that big of a scene.

Maybe it is time for legislators to get creative in Washington in order to tax the wealthy. Honestly, I think we can all stomach to trade a fast pass lane at the DMV for the holistic benefit of receiving more tax revenue.

Does anyone have any better concessions for the rich in return for higher taxes?

See my WSO blogs here.
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Comments

UFOinsider's picture

and raging tax debate in 3,

UFOinsider
      O
 
(Human, 10,462
 
Points)
 on 12/5/11 at 4:25pm

and raging tax debate in 3, 2, 1...

I just had my first UFO experience.

I called my wife fat while we were making dinner.

Flying saucers everywhere XD

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TNA's picture

Come to grips with taxing the

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/5/11 at 4:28pm

Come to grips with taxing the rich? You mean making them support even more of the country?

Americans love making other people pay for their shit. Same thing with this bullshit tax the rich argument (as if the wealthiest Americans don't already pay the majority of taxes). We will continue to milk people simply because "they won't miss it". This sort of criminal mentality breeds an entitlement mindset which is counter to the competitive nature of the world.

P

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go.with.the.flow's picture

not in fiance my pay is

go.with.the.flow
      CD
 
(King Kong, 1,155
 
Points)
 on 12/5/11 at 4:54pm

not in fiance my pay is <40,000 and i pay 10k in taxes FML

|| But feeling good and enjoying life are prerequisites to success, not by products of it- Midas Mulligan Magoo ||

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heister's picture

By net worth and Income I

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/5/11 at 5:10pm

By net worth and Income I fall with in the top 1%. I would be willing to pay more in income taxes, capitol gains taxes, business taxes in exchange for lower tax rates in other areas, specificly the estate taxes. The problem I have with the current tax structure is that I pay a large amount of taxes in various fourms. So much that I pay a larger percentage of my income in taxes then most if not all of you do. So the whole "1% doesn't pay a fair share" is just laughable.

This is comming from a guy who has large holdings of tax deductable assets and lives in a no income tax state.

Follow the shit your fellow monkeys say @shitWSOsays

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dazedmonk's picture

Or, after they pay their

dazedmonk
      IB
 
(Senior Orangutan, 440
 
Points)
 on 12/5/11 at 5:12pm

Or, after they pay their taxes we could just...

Not send them to prison?

Same concession everyone else gets for paying their government mandated dues.

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excelsior's picture

you seriously think any of

excelsior
      O
 
(Senior Baboon, 241
 
Points)
 on 12/5/11 at 5:53pm

you seriously think any of those would happen? people would flip out even more about 1% getting special treatment, did you actually think this through?

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CaptK's picture

I'm going to assume you read

CaptK
      PE
 
 
(Neanderthal, 2,345
 
Points)
 on 12/5/11 at 5:56pm

I'm going to assume you read this WSJ piece by Scott Adams, which lays out basically exactly the same concepts but goes even a little farther on the brainstorming. Actually really good food for thought: http://online.wsj.com/article/SB100014240527487032...

- Capt K -
"Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham

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Texsun's picture

"Eventually this country will

Texsun
      O
 
(Monkey, 47
 
Points)
 on 12/5/11 at 5:57pm

"Eventually this country will have to come to terms with taxing the rich."

-This statement is a joke, no?

"Does anyone have any better concessions for the rich in return for higher taxes?"

- No, leave them the fuck alone. Most wealthy people got that way thru hard work or inheritance. It doesn't matter how they arrived with their money, it's not ours, it's theirs... They don't owe us shit nor do they give a fuck about parking in Handicap spots or driving in a special fast lane in exchange for them to further finance entitlement programs and wars.

"There's always money in the banana stand" - George Bluth

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In reply to CaptK
UFOinsider's picture

CaptK wrote: I'm going to

UFOinsider
      O
 
(Human, 10,462
 
Points)
 on 12/5/11 at 6:17pm
CaptK:

I'm going to assume you read this WSJ piece by Scott Adams, which lays out basically exactly the same concepts but goes even a little farther on the brainstorming. Actually really good food for thought: http://online.wsj.com/article/SB10001424052748703293204576106164123424314.html?mod=WSJ_hp_MIDDLENexttoWhatsNewsForth

VERY interesting, thank you.

I just had my first UFO experience.

I called my wife fat while we were making dinner.

Flying saucers everywhere XD

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ERGOHOC's picture

Go live in China or N.Korea

ERGOHOC
      AM
 
(Orangutan, 271
 
Points)
 on 12/5/11 at 6:59pm

Go live in China or N.Korea you communists

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TNA's picture

See, I would consider happily

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/5/11 at 7:09pm

See, I would consider happily paying more taxes if it would only go to reducing debt and we had a law which forbade Congress from adding to the debt. Once we are near debt free the tax increase would be eliminated and call it a day.

But this will never happen. People will talk about the rich not paying "enough" or their "fair share" without every saying definitively how much a fair share really is. Increased taxes will go into the general fund and get pissed away on government bloat or entitlement programs which only garner votes for one side or another.

Why is the answer more taxes or cut programs that help people? How about we find waste and make the government more efficient? How about we pare back enlarged government agencies? You telling me there is no fat to cut? Get fucking real.

Until then I won't support any increase in government theft.

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timothy0's picture

Interesting idea. I was

timothy0
      O
 
(Senior Baboon, 219
 
Points)
 on 12/5/11 at 7:12pm

Interesting idea. I was thinking similar only with regards to using bus/taxi lanes on roads, or being allowed to travel on toll roads for free at certain points...would probably cause outrage though as it would be seen as a handout to those who are rich

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HFDreamer's picture

Nothing will induce the 1% to

HFDreamer
      HF
 
(Monkey, 33
 
Points)
 on 12/5/11 at 7:45pm

Nothing will induce the 1% to voluntarily pay more in taxes unless the benefits provided are worth more than the increase in taxes they will see. The 1% didn't get to being the 1% by accepting stupid deals.

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solb22's picture

Feel free to comment on this

solb22
     
 
(Senior Baboon, 206
 
Points)
 on 12/5/11 at 8:10pm

Feel free to comment on this thought with statistics, but I was under the impression that the spending issue is much more pertinent than the taxation issue. I know we need to retool our balance sheets, but it is spending that has got out of control, NOT under-taxation. I would much rather prefer a lower taxation rate that aligns with lower spending than raising taxes to meet current expenditures, which are unacceptably high.

It seems we keep raising expenditures and trying to play a catch up game with government revenues. Risky game to play and it also had a negative effect on the economy (crowding out etc..)

Sometimes it seems this taxation issue is a smokescreen to distract us from a more important issue.

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In reply to solb22
heister's picture

solb22 wrote: Feel free to

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/5/11 at 8:11pm
solb22:

Feel free to comment on this thought with statistics, but I was under the impression that the spending issue is much more pertinent than the taxation issue. I know we need to retool our balance sheets, but it is spending that has got out of control, NOT under-taxation. I would much rather prefer a lower taxation rate that aligns with lower spending than raising taxes to meet current expenditures, which are unacceptably high.

It seems we keep raising expenditures and trying to play a catch up game with government revenues. Risky game to play and it also had a negative effect on the economy (crowding out etc..)

Sometimes it seems this taxation issue is a smokescreen to distract us from a more important issue.

This is 100% accurate.

Follow the shit your fellow monkeys say @shitWSOsays

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Cardinal's picture

How about a flat tax proposed

Cardinal
     
 
(Orangutan, 309
 
Points)
 on 12/5/11 at 8:20pm
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In reply to Cardinal
heister's picture

Cardinal wrote: How about a

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/5/11 at 8:32pm

Follow the shit your fellow monkeys say @shitWSOsays

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SwaGGeReR's picture

M Friedman wrote: Does

SwaGGeReR
     
 
(Senior Baboon, 220
 
Points)
 on 12/5/11 at 8:40pm
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DRX's picture

One idea... Allow people,

DRX
     
 
(Monkey, 64
 
Points)
 on 12/5/11 at 8:48pm
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goldman in da house's picture

I just want a hot sex slave

goldman in da house
     
 
(Senior Orangutan, 497
 
Points)
 on 12/5/11 at 9:08pm
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mb666's picture

Democrats = Increase

mb666
      VC
 
 
(Gorilla, 729
 
Points)
 on 12/5/11 at 9:34pm
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In reply to DRX
bfin's picture

DRX wrote: One idea... Allow

bfin
      CF
 
(Neanderthal, 2,793
 
Points)
 on 12/5/11 at 9:33pm

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

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linoxgill's picture

DRX & blackfinancier: The

linoxgill
      O
 
(Monkey, 32
 
Points)
 on 12/5/11 at 11:41pm

finance is the science of goal architecture.

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Virginia Tech 4ever's picture

None of these concessions

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,321
 
Points)
 on 12/6/11 at 12:06am
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rothyman's picture

A flat tax will never pass as

rothyman
      HF
 
 
(King Kong, 1,163
 
Points)
 on 12/6/11 at 12:21am
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heister's picture

Tax revenue is not the

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/6/11 at 12:26am

Follow the shit your fellow monkeys say @shitWSOsays

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Virginia Tech 4ever's picture

No compromise. Just win. If

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,321
 
Points)
 on 12/6/11 at 12:27am
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TNA's picture

We talk about free shit to

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/6/11 at 12:43am

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In reply to ERGOHOC
GorillaJuicehead's picture

ERGOHOC wrote: Go live in

GorillaJuicehead
      EN
 
(Monkey, 54
 
Points)
 on 12/6/11 at 12:54am
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Nobama88's picture

Yeah right. The idiots in

Nobama88
      RE
 
 
(King Kong, 1,680
 
Points)
 on 12/6/11 at 1:23am

Need to Land a Job? Click Here.

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DRX's picture

Not to take the unpopular

DRX
     
 
(Monkey, 64
 
Points)
 on 12/6/11 at 1:25am
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ProvincialPeasant's picture

The tyranny of the majority

ProvincialPeasant
     
 
(Senior Monkey, 82
 
Points)
 on 12/6/11 at 1:31am
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Virginia Tech 4ever's picture

Disagree. There isn't an

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,321
 
Points)
 on 12/6/11 at 2:13am
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ProvincialPeasant's picture

Virginia Tech 4ever

ProvincialPeasant
     
 
(Senior Monkey, 82
 
Points)
 on 12/6/11 at 2:54am
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UFOinsider's picture

Just noticed something: the

UFOinsider
      O
 
(Human, 10,462
 
Points)
 on 12/6/11 at 7:49am

I just had my first UFO experience.

I called my wife fat while we were making dinner.

Flying saucers everywhere XD

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In reply to UFOinsider
heister's picture

UFOinsider wrote: Just

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/6/11 at 8:26am

Follow the shit your fellow monkeys say @shitWSOsays

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duffmt6's picture

I'm so fucking tired of

duffmt6
      IB
 
 
(Neanderthal, 2,472
 
Points)
 on 12/6/11 at 8:56am

"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie

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heister's picture

If I give you 100k to live on

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/6/11 at 9:03am

Follow the shit your fellow monkeys say @shitWSOsays

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In reply to heister
UFOinsider's picture

heister wrote: UFOinsider

UFOinsider
      O
 
(Human, 10,462
 
Points)
 on 12/6/11 at 9:03am

I just had my first UFO experience.

I called my wife fat while we were making dinner.

Flying saucers everywhere XD

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TNA's picture

We spend $80 Billion on the

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/6/11 at 9:18am

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In reply to UFOinsider
TNA's picture

UFOinsider wrote: heister

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/6/11 at 9:20am

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wadtk's picture

M Friedman wrote: Eventually

wadtk
      AM
 
(Senior Baboon, 241
 
Points)
 on 12/6/11 at 10:30am
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In reply to wadtk
Short Lucifer's picture

wadtk wrote: M Friedman

Short Lucifer
     
 
(Senior Chimp, 28
 
Points)
 on 12/6/11 at 12:22pm

"You miss 100% of the shots you don't take. -Wayne Gretzky. Said by Michael Scott." - Michael Scott

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txjustin's picture

Duff, what you said makes no

txjustin
      O
 
(Neanderthal, 2,473
 
Points)
 on 12/6/11 at 1:15pm
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In reply to txjustin
duffmt6's picture

txjustin wrote: Duff, what

duffmt6
      IB
 
 
(Neanderthal, 2,472
 
Points)
 on 12/6/11 at 1:55pm

"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie

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In reply to duffmt6
heister's picture

duffmt6 wrote: txjustin

heister
      O
 
(Neanderthal, 2,815
 
Points)
 on 12/6/11 at 2:04pm

Follow the shit your fellow monkeys say @shitWSOsays

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TNA's picture

I will say this, I don't

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/6/11 at 2:15pm

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Virginia Tech 4ever's picture

Duff, you could not be more

Virginia Tech 4ever
      EN
 
 
(Neanderthal, 2,321
 
Points)
 on 12/6/11 at 3:02pm
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TNA's picture

http://www.forbes.com/forbes-

TNA
      O
 
 
(Human, 13,709
 
Points)
 on 12/6/11 at 3:21pm

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ragnar danneskjöld's picture

Milton Friedman would be

ragnar danneskjöld
     
 
(Senior Baboon, 196
 
Points)
 on 12/6/11 at 8:40pm
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When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

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The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

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IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

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The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

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The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

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The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

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You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

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The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • Thoughts on this? Heister brings up a good question: <em>"Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?"</em> via Bloomberg: <strong>Obama Says Bernanke Has Been at Fed...
    Bye Bye Bernanke? Who Would Be Next?
  • Assume no CD experience pre-MBA. My thoughts are that working in CD requires making long-term investments (albeit strategic/operational, as opposed to financial), so it may force one to think like a long-term owner, a la value-oriented investing. If possible, how long should it take in CD...
    Post-MBA Corporate Development --> Fundamental/Value HF ... good path to try?
  • Does anyone have PE recruiting resources they'd be willing to share/ trade? I'm looking for modeling tests (with solutions) and have a few tests from top tier funds to trade in exchange. Any other recruiting resources would be appreciated as well. Please PM me....
    PE recruiting resources
  • Hi all - As i have been looking through this site, i have found their seems to be a lack on anything Australian. While that is understandable seeming as the industry is US focused, i thought i'd take the opportunity to try and develop a useful collection of tid-bits and facts by sharing...
    Answering Australian I-Banking Questions!
  • As summer rolls around, many folks leave the office a little earlier on Thursday or Friday nights to make it out for a cocktail event or weekend away from town. There will be a solid amount of extra-industry networking going on, to say the least. And by that I mean sloppy cocktail parties. But...
    Summer Cocktail Events - 5 Tips to Keep the Conversation Flowing
  • ...
    -
  • Hi everyone, I got admitted in the MSF programs at Olin and McCombs recently. Both B.schools are well recognized in their respective regions but I am very confused because of the following factors. Any suggestions will be highly appreciated. I would like to work in IB/ Asset Management. I...
    McCombs MSF or Olins MSF(corp track)
  • Is it possible to get sponsored for series 7 as an undergraduate intern? The company is indeed a member of FINRA. Was thinking of reaching out to one of the executives. Any advice or suggestions are greatly...
    Series 7 while on undergrad internship
  • I've supposedly had one unread PM since registering... but there's clearly no new messages there. Not a big deal but it is annoying, any way to fix...
    "1 unread message"
  • I've uploaded the IBD template provided by Mergers and Inquistions to expedite the process of resume review. I believe it would be helpful for any prospective monkeys to review this template before posting. Hope this helps. ...
    Resume Posting
  • Would appreciate it if someone could breakdown my resume and inform me about any glaring...
    Resume Critique please
  • Any rule of thumb for dry cleaning these? I generally try to do it twice a year, depending on how often I wear the tie. Always seems to put them back to...
    Care for neck ties
  • Does anyone have PE recruiting resources they'd be willing to share/ trade? I'm looking for modeling tests (with solutions) and have a few tests from top tier funds to trade in exchange. Any other recruiting resources would be appreciated as well. Please PM me. Thanks...
    PE recruiting resources
  • ...
    city boy by Geraint Anderson
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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
<em>Mod note: for the tl;dr version, skip down to "Circa 1960"</em> First, some background. I’m going to explain how we got to where we are today in order to frame our place in history and our model of life, so bear with me...
Your Model of Life Is Wrong
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at...
Thank you WSO! Got my FT Offer! ADVICE NEEDED
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
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