The great Leftist deception is to hide that fact that “income inequality” is 100% a function of government, its size, its power, its desire for central planning and its corruption.
Democrats are evil scum.
Lucky for me that I don’t like wine and go for cheap beer.
I think they are confusing income inequality with supply and demand. Once all the hipsters wanted the fancy wine, the price went up. Funny how that works. They used to teach you that in school.
this sounds more like pretentious wineries soaking those who can afford it than anything else
People are rich. Get over it.
For example, back in 1994, a bottle of Comte Georges de Vogüé Musigny 1991, a grand cru, retailed for $80 (the equivalent of $141 in 2020, accounting for inflation). Today, that bottle costs about $800.
1. It usually takes a few years to decide if a vintage is a great one or merely typical. Buy them when they're bottled and hope you've gotten a good one.
2. Wine is consumed, so there were many more bottles of the 1991 vintage around in 1994 than there are now 26 years later.
A Model T in original condition probably costs a lot more than the original $500, even adjusting for inflation.
A better comparison would be a 2017 vintage bottle of good wine.
But then I am the type of person who has trouble when the dinner bill gets much above $30 per person knowing that soon I will just have the memories and a trip to the bathroom. The step up in taste is very little. I would rather have a good steak today and another one tomorrow than a spectacular one today and a box of Kraft Mac & Cheese tomorrow.
Later today, we will be picking up our weekly grocery order from Walmart.
I will be buying 2 bottles of Gallo Pinot Gregio for my wife and my half gallon of Carlo Rossi Sangria for about $12 total.
Later today, we will be picking up our weekly grocery order from Walmart.
I will be buying 2 bottles of Gallo Pinot Gregio for my wife and my half gallon of Carlo Rossi Sangria for about $12 total.
Eric Asimov? Not related to Issac Asimov.
90 La Tache....had it, it was indeed a great wine. My buddy had cellered it and when we visited he shared.
Early 80s First Growth Bordeaux, was fortunate to have purchased quantities of them on futures (the merchant was featured in an expose on Greed a few years ago for a failure to deliver fraud in the millions). Most are really good but with anything, sometimes something goes wrong and the wine suffers over time. Purchase price was under $50 ea. Today those and recent vintages sell for over 1K
That said, the value in “collectable” wines is purely in the mind. There is scant difference between a bottle retailing for 1K verses one for 50 IMO. Price is not a final measure on the quality of a wine.
The difference in prices between then and now is one of greed both by the growers and the middle men. There is not enough supply for the demand. Many more dollars chasing a finite quantity. Kind of like Debeers creating a huge value for a stone by limiting its quantity. Diamonds are forever, at least for the payments to pay for them are.
Lastly, wine is the best liquid investment out there....if you cannot sell it, you can drink it! My advice has always been to the question of what is the best wine: it is the wine you like.
I think this is what they call “First World Problems” or “White People Problems.” I can’t see spending $800 or $5000 on a bottle of wine, but I also can’t see spending $80 on one.
Scotch has shot upward. It’s now $500 for a good bottle when it was under $100.
What's the word? Thunderbird!
What's the price? Thirty twice!
Bordeaux? Napa Valley? Far better wine comes from Kentucky.
A Louis Vuitton handbag is $3,000. People buy them to say, "You can't afford them." The day they start showing up on Amazon for $50 and people that live in single wides can afford them, the value drops to nothing, cause they aren't any more functional or valuable than a $30 bag, except as a status symbol.
It's a different level of idiocy for the NYTimes to complain that the poor to middle class can't afford status symbols, cause as soon as the poor and middle class can afford them, they're no longer status symbols.
And yeah, beyond a certain point, wine is nothing but a status symbol.