The Coastal Elite

A man of the people. Discussing the problems of the common man at a members-only club.

[The Coastal Elite @CoastalEleet]

A longstanding tradition in my family. My mother still says her internship was invaluable. My father, 89, apparently thought so too.

[The Coastal Elite @CoastalEleet]

@HighyieldHarry Many such cases in my family. Technically, the last person who really “did” anything died while Coolidge was in office .

[The Coastal Elite @CoastalEleet]

@shortbus_ace My cousin Olaf survives on $3.2 million a year in trust distributions and assures me the struggle is very real.

[The Coastal Elite @CoastalEleet]

@RampCapitalLLC @HighyieldHarry I came here to avoid networking. This is beginning to feel suspiciously like the club.

[The Coastal Elite @CoastalEleet]

@BillionMagazine Vulgar. Wealth is necessary for the club, unfortunately taste is too.

[The Coastal Elite @CoastalEleet]

@JohnLeFevre This doesn’t even include the basics. Estate upkeep, club dues, annual fund, donations to Andover for a new rowing center, property taxes on a house you technically don’t use, and one deeply disappointing horse. $500k simply isn’t what it used to be.

[The Coastal Elite @CoastalEleet]

This doesn’t even include the basics. Estate upkeep, club dues, annual fund, donations to Andover for a new rowing center, property taxes on a house you technically don’t use, and one deeply disappointing horse. $500k simply isn’t what it used to be.

[John LeFevre @JohnLeFevre]

Most people don't understand this:

Single finance guy (27) in NYC making $500k a year.
(Assuming cash, and ignoring equity / deferred comp.)

He has a great life - but it is still precarious, paycheck-to-paycheck. It's just that the numbers are bigger:

$500,000
- $210,000 taxes
--------------
$290,000
- $120,000 rent
--------------
$170,000
- $75,000 F&B (going out)
--------------
$95,000
- $50,000 vacations
--------------
$45,000
- $100,000 general expenses (groceries, maid, gym, wellness, Uber, clothes, gifts, dry cleaning, phone plan, doorman bonuses, internet and TV subscriptions, AI agents, online dating, foot massages, etc.)
--------------

=

NEGATIVE $55,000

He can't even afford a car.

Good thing he doesn't have any student loans.

[The Coastal Elite @CoastalEleet]

@MorningBrew If this is what we’re using to measure excess, please don’t let the Fed anywhere near a boarding school.

[The Coastal Elite @CoastalEleet]

If this is what we’re using to measure excess, please don’t let the Fed anywhere near a boarding school.

[Morning Brew ☕️ @MorningBrew]

Rate hike next month confirmed

[The Coastal Elite @CoastalEleet]

@barstoolsports Concerning. At Andover, we had a lacrosse stick, a squash racket, three books on the British Empire, and a Poland Spring bottle of Father’s finest gin.

[The Coastal Elite @CoastalEleet]

@greg16676935420 Adults shouldn’t have to work Mondays. Children absolutely should. Chip isn’t paying $90k a year to send Alexander to boarding school so he can enjoy his childhood.

[The Coastal Elite @CoastalEleet]

@GavinNewsom He’s right. Too much money and power is concentrated in too few hands. It’s exhausting for the families involved.

[The Coastal Elite @CoastalEleet]

@WSJ Private equity remains a threat to everything we believe in, with some exceptions for height, jawline and carry.

[The Coastal Elite @CoastalEleet]

Nothing captures the modern coastal elite quite like condemning capitalism over dinner and going home with the managing director.

[The Wall Street Journal @WSJ]

This summer, private-equity guys are getting an A-list boost. The barbarians of buyouts past, it seems, are now the sought-after boyfriends of the beautiful and famous. https://t.co/YMLUw9ibDY

[The Coastal Elite @CoastalEleet]

This is deeply concerning. I’ll ask the trustees how much more expensive my life has gotten.

[House Democrats @HouseDemocrats]

Your life is more expensive today because of Donald Trump.

[The Coastal Elite @CoastalEleet]

I don’t ask much of Bond. Save Britain, order the right wine, and know which entrance to use at the club.

[Piers Morgan @piersmorgan]

Could he please just go back to being a hard-drinking, smoking, womanising, non-vulnerable, woke-devoid, politically-incorrect, ruthless assassin of the bad guys….

[The Coastal Elite @CoastalEleet]

Laugh all you want. The difference between chaos and civilization is one errant champagne flute at a crowded regatta.

[Mario Nawfal @MarioNawfal]

🇳🇱 Future butlers for billionaires are doing combat drills with trays in the Netherlands.

At the International Butler Academy, students carry full trays of glasses while instructors shove them and throw balls at their heads.

The goal is simple: don’t drop a single glass, even when people are crashing into you at a chaotic high-society event.

This is the training for private yachts, ultra-rich households and exclusive clubs.

Writer: Sol

[The Coastal Elite @CoastalEleet]

@thekitze The entire point is to go to the same place every summer until “we’ve been coming here for generations” becomes a personality. It’s a multigenerational commitment to eventually resenting everyone else who vacations there.

[The Coastal Elite @CoastalEleet]

@GavinNewsom Politics is temporary. Running into each other at the same three Hamptons summer parties is forever. Pick your battles accordingly!