The Elimination of the Middle Class -- The Sinking of the American Dream Raised a Few Boats...
Billionaire's Row:
· There are 7.5 million households in America worth up to $10m. A further two million are worth $10m-$100m and thousands are worth more than $100m.
· There is now a two-year waiting list for 200ft yachts. If put end to end, the boats on that list, which cost $50m each, would be 15 miles long.
· Sebonack Golf Club in the Hamptons, Long Island, charges $650,000 for membership. That doesn't include the $12,000 annual dues, or tips for caddies.
· Google founders Sergey Brin and Larry Page have a private Boeing 767.
· John D. Rockefeller was America's first billionaire. Adjusted for inflation, he had $14bn - less than the net worth of each of Sam Walton's five children today. There were 13 US billionaires in 1985. Now there are more than 1,000. There are as many millionaires in North Carolina as in India.
THEN THERE'S YOU... Peasant, Herb.
· There are 7.5 million households in America worth up to $10m. A further two million are worth $10m-$100m and thousands are worth more than $100m.
· There is now a two-year waiting list for 200ft yachts. If put end to end, the boats on that list, which cost $50m each, would be 15 miles long.
· Sebonack Golf Club in the Hamptons, Long Island, charges $650,000 for membership. That doesn't include the $12,000 annual dues, or tips for caddies.
· Google founders Sergey Brin and Larry Page have a private Boeing 767.
· John D. Rockefeller was America's first billionaire. Adjusted for inflation, he had $14bn - less than the net worth of each of Sam Walton's five children today. There were 13 US billionaires in 1985. Now there are more than 1,000. There are as many millionaires in North Carolina as in India.
THEN THERE'S YOU... Peasant, Herb.
posted by Herb at 3:05 AM
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