Saturday, December 14, 2013

A $335,000 Tiara? You Shouldn’t Have!

Click here to access article by Simon Doonan from Slate.

This is another contribution to my practice on Saturdays to run stories about our fellow citizens of the One Percent (actually .01 of the 1%, or one out of every 10,000 of us) hoping that by doing this that we don't lose touch with their world and their concerns--you know, to promote understanding.  

It is important that we become better acquainted so that we can serve them better and make it easier for them to carry out the daily burden of making important decisions, decisions which affect whether we go off to war in foreign lands to kill their enemies, if we have jobs, if we live in a home or under a bridge, if we can afford their health care services, education, etc. 

Unfortunately, for some reason they tend to hide their lives from the rest of us behind walls of secrecy, literal walls of guarded gated communities, private clubs, esoteric publications, by traveling with private jets, etc. We should not let that deter us. 

This author reports on the difficulties our rich masters have around Christmas time: deciding what presents to give to their important others. One characteristic of these people is their competitiveness. In this piece we see how this trait poses serious issues for them in preparing for Christmas.
Around the holiday season I always start feeling really bad for the 1 percent. Every year they come under increasing pressure to astonish each other with insanely lavish gifts, and every year the stakes get higher. If you bought your hedge-fund pal a mink-lined submarine last year, how on earth are you supposed to top that? The potential for hissy fits is huge.