9 Pictures That Expose This Country's Obscene Division of Wealth
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Many people don’t understand our country’s problem of concentration of income and wealth because they don’t see it. People just don't understand how much wealth there is at the top now. The wealth at the top is so extreme that it is beyond most people’s ability to comprehend.
If people understood just how concentrated wealth has become in our country and the effect is has on our politics, our democracy and our people, they would demand our politicians do something about it.
How Much Is A Billion?
Some Wall Street types (and others) make over a billion dollars a year – each year. How much is a billion dollars? How can you visualize an amount of money so high? Here is one way to think about it: The median household income in the US is around $29,000, meaning half of us make less and half make more. If you make $29,000 a year, and don’t spend a single penny of it, it will take you 34,482 years to save a billion dollars. . . . (Please come back and read the rest of this after you have recovered.)
What Do People Do With SO Much?
What do people do with all that money? Good question. After you own a stable of politicians who will cut your taxes, there are still a few more things you can buy. Let’s see what $1 billion will buy.
This is a Maybach. Most people don’t even know there is something called a Maybach. The one in the picture, the Landaulet model, costs $1 million. (Rush Limbaugh, who has 5 homes in Palm Beach, drives a cheaper Maybach 57 S -- but makes up for it by owning 6 of them.)
Your $1 billion will only buy you a thousand Maybach Landaulets.
Here are pics of just some of Ralph Lauren’s collection of cars. This is not a museum, this is one person’s private collection. You don't get to go look at them.
Here is a photo gallery of some other expensive hotels, where people pay $20-30,000 per night. Yes, there are people who pay that much. Remember to send me a postcard!
A billion dollars will buy you a $20,000 room every night for 137 years.
Le Grand Bleu - $90 million.
Some people spend as much as $200 million or more on yachts.
You can buy ten $100 million yachts with a billion dollars.
This is a Gulfstream G550. You can pick one up for around $40 million, depending. Maybe $60 million top-of-the-line.
Your billion will buy you 25 of these.
If the rabble are getting you down you can always escape to a private island.
This one is going for only $24.5 million – castle included. You can only buy 40 of these with your billion.
This modest home (it actually is, for the neighborhood it is in) is offered right now at only about $8 million. I ride my bike past it on my regular exercise route, while I think about how the top tax rate used to be high enough to have good courts, schools & roads and counter the Soviet Union and we didn't even have deficits.