Tuesday, March 01, 2005

Bobo's an Idiot

What world does David Brooks inhabit? God only knows. Today he advises married women to do away with their individual checking accounts and trust in hubby:

I'm not saying that people with separate accounts have marriages that are less healthy than anybody else's. I'm saying we should pause before this becomes the social norm. Private property is the basis for our market democracy. But private property in the home is an altogether trickier proposition.

For one thing, separate accounts can easily turn into secret accounts. A person's status and resources inside the home shouldn't be based on how much he or she is making outside it. A union based on love can easily turn into a merger based on self-interest, where the main criterion for continuing becomes: Am I getting a good return on my investment, psychic or otherwise?

Bobo goes to the bookstore and is confused by people who think otherwise:

I went to the local bookstore and was startled to see how many personal finance gurus insist on separate accounts. "If you're part of a couple, maintain separate accounts - yours, mine and ours," writes Glinda Bridgforth in "Girl, Get Your Money Straight."

"Each partner needs his or her own money," writes the best-selling guru David Bach. "Regardless of whether or not you both work, each of you should maintain your own checking and credit card accounts." Bach says he doesn't need or want to know every detail of how his wife spends her money: "It's none of my business."

Now what Brooks apparently doesn't realize is there is a damn good reason married women should have their own finances. Half of marriages in our hetero paradise go bust, and when hubby hits second childhood and goes off to find his size 2 trophy wife in his new sports car, you'd damn well better have your own accounts or you're liable to end up on the street.

Who at the New York Times hired this lackwit?

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