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Can you survive on New York City on 43 grand a month?

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This is why upper-class tax cuts are so important. 50 K [per month] don’t get you to first base in the Big Apple, not anymore:

Besieged by creditors and with his income drying up, Rudolph W. Giuliani laid out an austerity program of sorts in January for a federal bankruptcy court.

He would stick to a $43,000-a-month budget, he said in court filings, roughly in line with the income he drew from his retirement accounts and Social Security. That amount would cover, among other expenses, $5,000 in alimony payments to his ex-wife Judith Giuliani, $1,050 for food and housekeeping supplies and $425 for “personal care products and services.” He was also obliged to cover $13,500 in monthly nursing-home expenses for his former mother-in-law; she died in March.

Suggesting that he was mindful of the $153 million he owes to creditors, including two Georgia election workers he defamed in the aftermath of the 2020 election, he budgeted nothing for entertainment, clubs and subscriptions.

It did not take him long to blow his budget. In another bankruptcy filing, he said he actually spent nearly $120,000 in January. The accounting of his spending that he provided to the court was spotty and incomplete. He later provided more information to the creditors’ lawyers, listing 60 transactions on Amazon, multiple entertainment subscriptions, various Apple services and products, Uber rides and payment of some of his business partner’s personal credit card bill.

Sure, some in the Democrat Party might say that a seven-figure annual income is a lot, but once you spend on essentials like fountain pens and and cigars you can only afford so many trips on private jets:

But after leaving office, Mr. Giuliani began living a very different life, flying on private Gulfstream jets during the lucrative years of his private consulting and investment advisory businesses.

In 2007, when he was running for the Republican presidential nomination, he disclosed that his net worth was more than $30 million. A decade later, he and Judith Giuliani were spending $230,000 a month on their lavish lifestyle, including $7,000 on fountain pens and $12,000 on cigars.

Guiliani’s creditors shouldn’t worry though, his ship is about to come in:

Every additional penny that can be found in Mr. Giuliani’s pocket means a larger payout for his creditors, even if it is far less than what he actually owes them.

That is why they also want him to collect $2 million that Mr. Giuliani claims he is owed in legal fees from Mr. Trump for the work he did leading the effort to overturn the 2020 election results.

It is hard to see any flaws in this plan!

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