Saturday, January 25, 2014

Inside the Obscene Lifestyles of the New Global Super-Rich

Click here to access article by Lynn Stuart Parramore from AlterNet. 

This is another contribution to my practice on Saturdays to run articles 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. 


In this piece we learn:
A new crop of global super-rich is pouring into the United States, changing the economic landscape from Manhattan to Los Angeles. They’re driving up the price of real estate, pushing out the middle class and going on buying binges that would make Gilded Age robber barons blush.
We also learn about a new TV program on the rich and their extravagant lifestyle. It seems that the rich want to rub their rich lifestyles in our faces, or maybe they hope that we want to vicariously enjoy their lives like our grandparents did during the 1930s when films about the rich were popular.