I am sick of peoples blogging about Sonia Sotomayor's financial situation. Here is the latest, from the ABA Journal:
Sonia Sotomayor made more than $205,000 last year as a federal appeals judge and law lecturer. Yet her net worth of $740,000 is relatively low, compared to other justices she would like to join on the U.S. Supreme Court. So where does the money go?
Look moron, Judge Sotomayor has something called a pension. It's guaranteed by the United States government. Unless we are living in The Road, she will have receive approximately $200,000 a year - for the rest of her life.
How much does that mean her pension is worth?
It's worth approximately $2.5 million.
How many of you have $2.5 million - cash money - that you could use to spend on an annuity? It's the same thing.
You'd need $2.5 million to buy an annuity that would give you the same cash Judge Sotomayor will receive for the rest of her life.
Sotomayor is, for all relevant purposes, a multi-millionaire.
She is not broke. She does not squander her money. She is not some feisty Latina who spends all of her money on shoes and Salsa dancing, you racist fucks. If you had even a basic understanding of pensions, you would realize that she is set for life financially.
There is much I can disagree with Judge Sotomayor over. She might not be my first choice for the Supreme Court. My opinion of her suitability for the Supreme Court has nothing to do with her financial situation.
Sotomayor is doing just fine, as anyone with a rudimentary understanding of economics would understand.
