This is an old article. It was published in 2009, right when the recession hit hardest. Think. Why would it be published exactly then? To get people nice and riled up. "Fucking rich fucking bankers, and their fucking money, talking about how they can't live on 500k, those assholes, I live on 10x less than that, if I was earning like they do I wouldn't have any more problems in my life, fuck them, they all need to be lynched."
Congratulations, you fell for it. This is a strawman, meant to inspire populist hatred.