Friday, January 14, 2011

Hooray, the Super Rich Have Totally Recovered From the Collapse!

Have you been worried that maybe the super rich global elite has been suffering since the economic meltdown began three years ago? Well thanks for worrying, but they are doing just fine. Sure, there was a bit of turbulence in their NetJets charter over some of the poorer parts of America and the larger world — you try going from $1 billion a year to, say, $650 million! — but it’s smooth flying from here on out.

It turns out that no matter how unemployed or cash strapped or stressed out all the non decamillionaires and hectomillionaires and cold straight billionaires might be today (and forever, until the invisible hand of death finally relieves them/us of the banal Sisyphean struggle of modern existence), the poors continues to help the super rich stay super rich. READ MORE »

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