Wealth Porn
CBS News | Wealth Porn | June 7, 2005�03:30:10:
"The New York Times has been running an impressive, book-length series of articles about class in America. Some of them have been riveting as well as 'important.' But I'd bet a Rolex that the most popular of the nine pieces published thus far was the front page story that ran Sunday, June 5, headlined, 'Old Nantucket Warily Meets the New.'
It's all about how the new "hyper-rich" have taken the island over from the old rich. It's a great and grotesque piece.
Accompanying it is a wonkish but equally impressive look at how these "hyper-rich" people, those earning about $1.6 million a year or more annually, are leaving even the regular rich in the dust. The amount of national treasure consumed by the top 0.1 percent of taxpayers has grown to levels not seen since the Roaring '20s.
"
"The New York Times has been running an impressive, book-length series of articles about class in America. Some of them have been riveting as well as 'important.' But I'd bet a Rolex that the most popular of the nine pieces published thus far was the front page story that ran Sunday, June 5, headlined, 'Old Nantucket Warily Meets the New.'
It's all about how the new "hyper-rich" have taken the island over from the old rich. It's a great and grotesque piece.
Accompanying it is a wonkish but equally impressive look at how these "hyper-rich" people, those earning about $1.6 million a year or more annually, are leaving even the regular rich in the dust. The amount of national treasure consumed by the top 0.1 percent of taxpayers has grown to levels not seen since the Roaring '20s.
"
posted by Judy Gex @ 9:54 AM
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