Recession Sufferings of the Rich Somehow Fail to Win Sympathy

richguyshouse.jpg
The rich suffer, too, in our economic downturn. An expert tells the Times that while in their recent glory days the "top one ten-thousandth of households" were each worth about $11 million, they now make do with $6 million and $8 million.

The paper does admit that things were worse for the rich during the Great Depression, when they had to serve as butlers in screwball comedies. Also, in the late 1970s they scraped by on $2 million, but champagne and big cigars were much cheaper then, and most of us dressed so shabbily that the rich stood out even in semi-formal attire...

If you aren't feeling their pain yet, the Times supplies a hard-luck story to personalize the issue. The guy who invented McAfee anti-virus software, for example, was sufficiently flush to create his own rich-people amusement park, with "a general store, a 35-seat movie theater and a cafe" and "vintage cars for his visitors to use." Then one day he discovered, "Whoa, my cash is gone," by which he meant he was down to $4 million. This left him "desperately trying to reduce his monthly expenses" by selling his jet and oceanfront home "on the secluded west side of the island of Molokai" (pictured).

Our eyes at this point are filled with tears of laughter, and even the final, crushing news that Obama might tax these sufferers by more than 40 percent cannot move us. How callous we have become! And we thought poverty was supposed to be ennobling.

My Voice Nation Help
0 comments
Sort: Newest | Oldest

From the Vault

 

©2013 Village Voice, LLC, All rights reserved.
Browse Voice Nation
  • Voice Places New York

    Voice Places

    Find everything you're looking for in your city

  • Happy Hour App

    Happy Hour App

    Find the best happy hour deals in your city

  • Daily Deals

    Daily Deals

    Get today's exclusive deals at savings of anywhere from 50-90%

  • Best Of

    Best Of...

    Check out the hottest list of places and things to do around your city