By Elihu Yale on 2.27.04 @ 12:10AM
Fast forward to a financial train-wreck.
Financially, the gay marriage issue is a terrible
idea.
Aside from the philosophical ideology of it, this is the
worst idea for gay men in a long time from a financial
point of view.
Here's an example; see if it "hits home":
Paul is a successful agent in Hollywood, he works as most agents
do, 19 hours per day, but has amassed a nice net worth -- house in
the Hills, swank pad in Palm Springs, tidy IRA, $1.2 mill in profit
sharing, weekends in Paris, etc. Paul is 42.
Paul marries Todd, 28, a talented landscaper with perfect teeth,
tan, and biceps, whose net worth amounts to his 1999 Ford F-150.
They pledge to live happily ever-after.
Three years later, Paul is 45 and Todd is 31. After a dip in the
box-office grosses for Paul's clients in Hollywood, Paul must work
even harder to get his client's new roles because their box-office
numbers aren't so great. Paul is still working night and day, on
the phone at all hours, going to meetings, screenings, and
everything else.
Todd, on the other hand, pretty much quits work at dusk -- how
can you landscape in the dark? Todd has a lot of empty evenings on
his hands while Paul is scrambling to keep his position. Paul, when
he does get home, is beat and testy from too many lost deals to
new, fresh-faced kids represented by other agents. Paul is having
to scramble to get his client's work and to keep up the payments on
all their "stuff." He is too tired for sex most every night and
falls asleep as soon as his head hits the pillow. When he is awake,
he is grouchy and uptight about business.
The gap starts to enlarge between Paul and Todd.
IN THE MEANTIME, Todd has started going to the gym at nights
because Paul is always busy. One day, Todd sees Gary, a new guy
that has just moved to LA from Des Moines. Gary is eager to make
friends in his new town, and with Gary's 46" chest and 19" arms, he
is an attractive person. Gary is friendly and out-going and works
as a temp on the lot at Paramount.
Gary suggests one evening at the gym that he and Todd catch a
protein shake on the way home. It seems like a friendly offer to
Todd, so he accepts, but the protein shake seems to be at Gary's
apartment.
Fast forward: Gary and Todd fall hopelessly in love and Todd is
now, once again, as a virile 31 year old, enjoying passionate,
sweaty sex.
Todd sees that his homelife is cratering with Paul, and he is so
happy with Gary. Gary has a great idea for a play, but needs
$500,000 to produce it, and, being a new kid in town, doesn't know
anyone to back him.
Todd, on the other hand, by community property rights, owns half
of a great house in the "Bird Streets" of the Hills, half of the
equity in their Palm Springs pad, and half of the
accumulated-since-marriage profit sharing down at William Morris.
(Paul's big hit, "Monsters From Pomona," was actually during his
marriage to Todd, giving Todd half of that forward income and
contribution to the profit sharing plan.)
Todd has finally had it with Paul, who is so busy, doesn't
notice that Todd now is gone quite a bit. Todd sues Paul for
divorce and a division of assets.
With Todd's half of community property, he can now flush it down
the toilet backing Gary's ridiculous play about young love in
Mozambique. But, at least for the moment, Todd is blissfully happy
and regularly "getting it" from Gary.
NOW, THANKS TO GAY MARRIAGE, Paul is broke, he has had to sell both
homes to split the equity with Todd, at fire-sale prices in a
softening market (Todd needed his half now as Gary's play
needed to get underway), he has lost three major clients due to the
time spent in court with Todd, and is being "let go" at William
Morris in favor of a go-getter 29-year-old hot-shot who just signed
a kid from Tennessee who's sure-to-be-next year's Hot Item.
Next, the play about young love in Mozambique actually has cost
over-runs (big surprise) and costs hit $900K, in small $25,000
increments, which Todd, so far, has been happy to cover.
Now, Gary is so consumed with making sure that his play is a
success, he, like Paul, is working 22 hours per day, and Todd is
lost in the shuffle.
The play opens to less than dismal results. The $900K is gone,
and, Gary seems to be spending a lot of time with the lead actor,
22-year-old Tim, a hottie from Laguna.
Todd is tired of being left out of the loop for a 22-year-old,
is now broke, and Gary moves in with Tim.
Now, class, what have we accomplished, other than a financial
train-wreck?
topics:
Business, Hollywood, Oil