Posts Tagged: Rich People
2

What Makes America's Richest People Turn Into A Bunch Of Whiny-Ass Babies At The Merest Hint Of Criticism?

Why do rich people get so upset when their motives are questioned? I have a theory that involves the Death of Shame and our society's sick insistence that not only should we not be criticized for avaricious behaviors that we would once have hidden away or at least minimized the visibility of but now we demand respect for those same disgusting acts and so many of our high society scumbags have actually been receiving that sort of admiration for so long that when someone starts to say, "Wait, not only is this gross and unseemly, it is in fact destructive to the very fabric of society," not only do they [...]

1

Rich People Humble

"A new report from UBS surveyed investors who on the surface all appear to be pretty well off. Of the survey’s 4,450 participants, half had $1 million or more in investable assets, and all had at least $250,000 in investments. Compared to the huge portion of the population that barely has any savings — about half of Americans don’t have an emergency fund that’d cover three months of expenses — it sure seems like the people in the survey are doing quite well financially. But do these people think they’re rich? For the most part, the answer is no."

14

You Know What Era Can't End A Moment Too Soon? The Bloomberg Era

.@mikebloomberg says, because it can't be automated, becoming a plumber is a better deal economically than going to Harvard.

— Kate Taylor (@katetaylornyt) May 17, 2013

Bloomberg: "We would love to get billionaires from around the world to move here; they're the ones who go to the stores, spend a lot of $."

— Kate Taylor (@katetaylornyt) May 17, 2013

Good grief! I mean "at least he doesn't smoke crack" I guess?

5

Here Is How To Go Out And Enjoy Art Like A Rich Person

This weekend is The Armory Art Fair in New York City. It is not currently held in one of New York City's fine dilapidated armories—these days, we've used some of those to house the large numbers of people made homeless by Hurricane Sandy! Oh and also the one on Park Avenue serves in part as a shelter for mentally ill women, did you know?!—but over on piers 92 and 94, which is basically where West 53rd Street runs into the Hudson. Yes, brr.

In this art fair, a couple of hundred galleries have wedged wares into little booths. People walk around and look at these things. And run into [...]

3

NYU Star Faculty Live Unreal Lives of Luxury

"During Dr. Sexton’s tenure, N.Y.U. has earned a reputation for lavishly rewarding its star faculty members. It bought a $6.5 million Upper East Side apartment for the head of its medical center, and it paid more than $4 million to help a former Columbia law professor stay in her turreted Upper West Side home when she joined the N.Y.U. law faculty. It gave the dean of N.Y.U.'s law school a $5.7 million loan to buy an apartment." —Turns out that perks for New York University's star faculty are as ridiculous as the very worst fiction has suggested.

2

Rich People, Only You Can Save Us With Your Holiday Shopping!

If you are like many Americans (no offense), you are knee-deep in The Holidays and you don’t care about Fiscal Cliff. I mean, you know about Fiscal Cliff, and you know there are politicians and the president of the United States of America involved, and they are supposed to fix it, so fine, fix it, right? We are in the middle of The Holidays! What are We The People paying your salary for, with our taxes? I pay all kindsa taxes! I didn’t ask for Fiscal Cliff! It’s almost Xmas! Why are you ruining my The Holidays with all this talk about Fiscal? You make the stuff about the Mayan [...]

7

The Rich Are Different

"A Tory donor avoided tax by flying outside UK airspace on his private jet at night, a lobbyist has claimed. The millionaire donor is said to have routinely flown out of Luton airport in the evening so he could sleep on his jet. Because he was outside British jurisdiction at night, this allowed him to extend the number of days he could stay in the UK without paying tax."

13

"Bring Back Bloomberg"! Rich Horrorshows Freak Out Over Fake Snowstorm Class War In Pinhead Rag

Where are the plows @BilldeBlasio ??? @kallos ???? @newyorkpost No Plows uptown!

— MollyJongFast (@MollyJongFast) January 21, 2014

Yesterday afternoon, vicious short-sighted monsterpieces went howling to the worst piece of paper on the whole east coast, like the crazy petulant vampire-children they apparently are:

“I can’t believe de Blasio could do this. He is putting everyone in danger,” said Barbara Tamerin, who was using ski poles to get around 81st Street and Lexington Avenue.

“What is he thinking? We’re supposed to get up to a foot of snow and nobody on the Upper East Side is supposed to blink an eye? I can barely [...]

11

This Heinous Hamptons Pool Windmill Can Be Yours For $9.9 Million

Who here thought money could buy you taste? Corcoran's delightful Amagansett offering speaks to the parvenu in us all. But seriously, that's a lot to pay to be the laughing stock of eastern Long Island. At least it's fairly close to the beach? Fun fact: it was on the market two years ago for $10.9 million! The windmill was installed, senselessly, in 2009.

11

This Is A Good Place To Be Rich In

"New Yorkers assume that we live in the most expensive city in the country, and cost-of-living indexes tend to back up that assertion. But those measures are built around the typical American’s shopping habits, which don’t really apply to the typical New Yorker — especially not college-educated New Yorkers with annual household incomes in the top income quintile, or around $100,000. According to a recent study by Jessie Handbury, an economist at the University of Pennsylvania’s Wharton School, people in different income classes do indeed have markedly different purchasing habits. That may not be surprising, but once you account for these different preferences, it turns out that living in[...]

2

12 Million Americans Still Unemployed: Things Are Looking Up!

How is 7.7% unemployment considered good news? When it's a little less than 7.9%, and people with money are ready to find good news wherever they look.

The housing markets are booming, where the rich people live. The stock markets haven't gone so high since Dick Cheney was in the White House—except for the NASDAQ, which still hasn't recovered completely from the dot-com bust of 2000, even though the tech companies are doing pretty well and NASDAQ stocks are at a 12-year high. Monthly rents in San Francisco now average $2,700 for a one-bedroom apartment. New car sales are back to pre-recession numbers.

And 12 million working-age Americans [...]

5

World's Famed Caviar All Gone; Rich Stereotypes Now Eat Sacramento Fish Eggs

Stereotypical rich people of days gone by, with their brass-buttoned Navy blazers and exotic European sports cars, used to love to feast upon caviar. Why? Nobody knows, but it had something to do with caviar being a weird and expensive thing from a strange and threatening place: Communist Russia, or Red China—wild sturgeon were already in short supply by the 1950s, when Ian Fleming made his social-climbing civil servant an aficionado of the appetizer. By the 1960s, it was the show-off rich people restaurant appetizer of choice. Then humanity continued destroying rivers and fisheries and whole ecosystems until the Earth's caviar systems all collapsed. Wild caviar, that beloved snack of [...]

4

Rich Places Rich

"The family’s patriarch and matriarch keep a low profile, splitting their time between a large, lavishly furnished apartment on Paris' famous Left Bank and a 6,000 acre estate in the sought-after Loire Valley." —Don't you think there's something going wrong over at Forbes when they decide they have to apply descriptors to "Left Bank" and "Loire Valley"?

12

Rich Man's Rant About Internet as Xerox Machine 25% Correct

If you read just one piece of hysterical overheated lunacy today, although I certainly hope you read many of them, definitely make it third-generation rich man and Harper's magazine funder John R. MacArthur's rant about the Internet. The dot com bust didn't end my Internet travails. It wasn't so long ago—maybe eight years—that I found myself trapped in a corridor at Harper's, surrounded by a small mob of what I can't help but refer to as "young people." These youthful members of my editorial staff—one of them now the co-editor of Mother Jones Magazine—were imploring me, demanding even, that I meet the Internet revolution head on by posting [...]

2

Old Pig Demands $2.15 Million From Our Library For His Dusty Papers

Great news! Tom Wolfe's papers will be available to researchers at the New York Public Library. 100 linear feet of terrific history, of great use to scholars and students alike. Hooray! The price tag? North of $2 million dollars, paid by private donor, and accruing to Mr. Wolfe, who is now 83 and also quite wealthy. So first, to be polite: thank you for making this happen. And now. So many questions: Why not take the tax donation? Why send out our troubled libraries to secure seven figures for what should be a gracious gift? Also: Just, why?

The New York Public Library's wonderful Stephen A. Schwarzman building is [...]

4

The Dull Rich Death of American Cities

"Now comes plutocratisation: the middle classes and small companies are falling victim to class-cleansing. Global cities are becoming patrician ghettos. In 2009, says [Columbia University's Saskia] Sassen, the top 1 per cent of New York City’s earners got 44 per cent of the compensation paid to its workers. The 'super-prime housing market' keeps rising even when the national economy collapses. After Manhattan, New York’s upper-middle classes are being priced out of Brooklyn. Sassen diagnoses 'gradual destruction.' Global cities are turning into vast gated communities where the one per cent reproduces itself."

This is why I like my theory that "Game of Thrones" is actually set in the future [...]

0

77% of American Women Shack Up With What's His Name Instead of Getting Married Under God

American straight ladies no longer wish for a white wedding dress the way they did when we had Traditional Values, before they were born, because "living in sin" is the new normal for a nation without a Vengeful God. Now that nobody believes in religion, U.S. women are shacking up at record levels—in the popular 30-and-under demographic, 77% of American girls have "shared an address" with their dudes.

While straight people have all but given up on marriage, gay people have become the only moral examples in a nation that has utterly turned its back on both decency and responsibility.

But some experts say it's not just the [...]

5

Run, Jeb, Run! (Number 394 in a Series)

GREAT NEWS AMERICA. We might get a Jeb Bush candidacy yet! The news is a-flurry with Jeb Bush news, though actual flurries have canceled his flight to D.C. today so he will not be Making News at the Cato Kaelin Institute tonight, with his pronouncements about the future of our race wars.

Question: "Is Jeb Bush the Republicans' Hillary Clinton?

Answer: No.

Question: What does this mean? "I’m not saying yes, I’m just not saying no. I’ve accomplished some things in my life that allow me now to — to have that kind of discretion, to be able to think about it."

Answer: He made lots [...]

10

Apple Customers Rich

Google's Android phones are used by more people, yet Apple's App Store sells 400% more than Google's online store for Android apps. How is this even possible? Consumer tech experts say it's because Apple started early and has stringent quality control and also has a whole lot of iTunes account holders who typed in their credit card information before they even owned a smart phone.

Consumers are more willing to fork over their money for an iOS app, because they know they’ll probably get their money’s worth, says app developer Zak Tanjeloff with DLP Mobile. “The App Store has a higher proportion of quality apps, thanks to the [...]

28

Our Billionaire Philanthropists

I.

In June of 1889, Andrew Carnegie published his essay "Wealth" in the North American Review: a famous document, as remarkable for the author’s delusional self-regard as it is for the case he makes for private philanthropy. The steel baron launched his argument with the dumbfounding claim that until "the past few hundred years [of human history] there was little difference between the dwelling, dress, food, environment of the chief and those of his retainers." He then sails blithely along to insist that we should all welcome the changes in society that make violent wealth inequality inevitable, because the benefits of wealth must inevitably trickle down to the least [...]