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Keyword: wealthy

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  • A Blood Boiler

    03/19/2017 12:11:20 PM PDT · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 03/19/17 | Bob Christie
    The rich eat better, drive better vehicles, and live in better homes in better neighborhoods, but purchasing better health care is somehow a sin to those who think you shouldn't have it An article in the March 18 issue of the Toronto Star, a left-leaning publication, got my blood boiling! It is titled “Buying their way to the front of the health-care line.” That is followed, in large bold lettering, by the question, “Should the wealthy be allowed to buy their way to faster health care at private clinics?” My question to the authors is: Who the hell are you...
  • Cruz's faltering campaign shows the risks of depending on a few wealthy donors

    05/02/2016 2:42:39 PM PDT · by catnipman · 77 replies
    LA Times ^ | 5/2/2016 | Joseph Tanfani and Noah Bierman
    Ted Cruz, in his outsider’s bid for the White House, has depended heavily on the largesse of just three wealthy donors to establish credibility and stay afloat amid a chaotic nominating process that killed off most of his rivals. Now, at perhaps the most desperate moment in his quest to win the Republican nomination, Cruz is learning the perils of relying on strong-willed magnates who carry their own agendas and have demanded an unprecedented level of control in how their money is spent. ...
  • Here are the famous politicos in ‘the Wikileaks of the mega-rich’

    04/03/2016 5:42:15 PM PDT · by Beave Meister · 14 replies
    Fusion ^ | 4/3/2016 | Fusion Investigative Unit
    It’s being called the “Panama Papers” — a trove of 11.5 million leaked internal documents from the Panamanian law firm Mossack Fonseca, showing how hundreds of thousands of people with money to hide used anonymous shell corporations across the world. Fusion’s investigative unit was one of the more than 100 media organizations that dove into the files — and found drug dealers, arms traders, human traffickers, fraudsters. We also found no shortage of politicians or their family members. Here is a listing of current and former world leaders connected to the files. Check out Dirty Little Secrets, Fusion’s full investigation...
  • PROGRESSIVE “THOUGHT-BLOCKERS”: INCOME INEQUALITY

    02/11/2016 8:41:53 AM PST · by Beave Meister · 4 replies
    Front Page Mag ^ | 2/10/2016 | Bruce Thornton
    An ideological construct that exploits envy and resentment for political advantage. Throughout this primary season, Hillary Clinton and self-proclaimed socialist Bernie Sanders have both been flogging the “crisis” of “income inequality,” which is “at the center of their campaigns,” according to CNN. Both have scourged the “greed” of the “1%,” called for higher taxes on the “rich,” and promised to expand and multiply government programs to rectify this injustice. Yet like other slogans progressives rely on, the idea of “income inequality” is an ideological construct, a statistical artifact that exploits envy and resentment for political advantage. The first problem with...
  • Dow in correction as growth concerns weigh; Apple falls 5.5%

    08/21/2015 12:20:39 PM PDT · by Red Badger · 26 replies
    www.cnbc.com ^ | 08-21-2015 | Evelyn Cheng
    U.S. stocks traded about 2 percent lower on Friday, extending a recent rout, as concerns about slowing global growth continued to pressure investor sentiment. ( Tweet This ) The Dow Jones industrial average briefly fell into correction territory, losing more than 470 points as all blue chips declined. In the last five years, the index has only had four instances with closing losses of more than 400 points. "It's an expiration day and it looks like they're to have for sale on the close maybe as much as a billion dollars," said Art Cashin, director of floor trading for UBS....
  • NETWORKS MUM on Obama’s Radical Plan to Build Housing Projects in Wealthy Suburbs

    07/09/2015 7:15:57 AM PDT · by Enlightened1 · 62 replies
    Gateway Pundit ^ | 07/08/15 | Jim Hoft
    Author Stanley Kurtz argued in his book Spreading The Wealth: How Obama Is Robbing The Suburbs To Pay For the Cites that Barack Obama’s grand socialist plan included redistributing wealth from American suburbs to the inner city. Obama passed regulations in 2013 to force suburban neighborhoods with no record of housing discrimination to build more public housing targeted to ethnic and racial minorities. According to Kurtz, the underlying thrust of the rule change was to force racial and ethnic diversity on the suburbs: The new HUD rule is really about changing the way Americans live. It is part of a...
  • I lost $100M — and I’ve never been happier

    06/06/2015 4:54:42 PM PDT · by lowbridge · 32 replies
    nypost.com ^ | june 5, 2015 | jane ridley
    Manhattan writer Suzanne Corso, 46, was once a card-carrying member of the 1 percent — until her financier husband lost their $100 million nest egg in the 2008 fiscal meltdown. Here, the mother of one, who has just published her third novel, “Hello, Hollywood,” tells The Post’s Jane Ridley her very New York story of survival. My 6-year-old daughter doesn’t think twice about calling room service from our luxury residential hotel to order a $25 cheeseburger for herself. It’s November 2005 and we’ve been living in an 11-room suite at the Ritz-Carlton on West Street for a little more than two years. And...
  • Baby Boom Among New York’s Affluent

    05/02/2015 3:00:40 PM PDT · by proxy_user · 10 replies
    New York Times ^ | Ginia Bellafante
    Over the past decade or so as $10 million apartments have prevailed in New York and more and more neighborhoods have been given over to the kind of luxury shopping required to fill them, it has been common to say that the city has turned into a “playground for the rich.” At the same time, of course, New York has turned into a playground of the more literal kind, with a child-centric ethos bearing well-established variants of urban nuisance: stroller gridlock in gentrifying areas, car services that cater to 5-year-olds, sidewalk whining that in some cases becomes its own source...
  • Why Many Rich People Are Frugal-Unusual mindset of many rich...and why you might want to adopt it

    03/07/2015 3:16:45 PM PST · by 2ndDivisionVet · 38 replies
    Psychology Today's How To Do Life Blog ^ | March 6, 2015 | Marty Nemko Ph.D.
    I have a client I'll call Linda Loaded. When making coffee, she is so frugal that she puts less coffee into the coffeemaker than she should and compensates by, when the coffee is ready, squeezing the filter with the hot grounds in her hand to get the concentrated coffee into her cup, incurring a bit of pain. To save a few pennies. She is worth $10 million dollars. Not surprisingly, I asked her why she does it. LL: Being not wasteful is core to who I am, why I'm worth $10 million, and why I'm able to live a life...
  • ISIS militant ‘Jihadi John’ unmasked as middle-class Brit

    02/26/2015 6:12:09 AM PST · by KeyLargo · 36 replies
    NY Post ^ | 2-26-2015 | Yaron Steinbuch
    ISIS militant ‘Jihadi John’ unmasked as middle-class Brit By Yaron Steinbuch February 26, 2015 | 7:16am The infamous masked ISIS madman seen in gruesome videos beheading Western hostages was identified by media outlets Thursday as Mohammed Emwazi — a middle-class Briton with a degree in computer programming. The BBC reported that the Kuwaiti-born Emwazi is in his mid-20s and from West London. British authorities chose not to identify him earlier for operational reasons. “I have no doubt that Mohammed is Jihadi John,” one of Emwazi’s close friends told the Washington Post. “He was like a brother to me. . . . I...
  • Democratic lawmaker introduces plan to give middle-class Americans tax breaks at expense of wealthy

    01/14/2015 2:39:33 AM PST · by Libloather · 12 replies
    Daily Mail ^ | 1/14/15 | Francesca Chambers
    A senior U.S. House Democrat unveiled this week an aggressive agenda to boost workers' paychecks by shifting significant tax breaks from the wealthiest Americans to the middle class. The plan from Representative Chris Van Hollen has almost no chance of passage by the Republican-controlled Congress but is aimed at shaping Democrats' policy vision for the 2016 presidential election. The Maryland Democrat's plan calls for an annual 'paycheck bonus' tax credit of $1,000 for individuals making less than $100,000 a year and $2,000 for married couples making less than $200,000 and would be funded through a new fee on financial transactions.
  • Chris Rock’s econ bombshell: What his “riots in the streets” prediction says about American Dream

    12/05/2014 8:28:49 PM PST · by 2ndDivisionVet · 40 replies
    Salon ^ | December 3, 2014 | Elias Isquith
    Comedian reveals what it means to be rich today -- and how little the average American really understands about it. I’ve already written a bit about Chris Rock’s must-read interview with Frank Rich and, as much as I enjoy the comedian’s work, I didn’t expect to be returning to it quite so soon. But although Rock’s comments on racism initially drew the most attention, a recent study from Gregory Clark, a researcher at University of California, Davis, has got me thinking that the comedian’s most insightful (and potentially radical) statement came earlier in the interview, during a brief digression about...
  • New York Dominates 2014 List of America's Most Expensive ZIP Codes

    10/18/2014 8:42:06 PM PDT · by 2ndDivisionVet · 9 replies
    Forbes Magazine's Life Blog ^ | October 8, 2014 | Erin Carlyle
    In Atherton, Calif., 94027, the most expensive home currently on the market is a 12,840-square-foot Mediterranean mansion with a $21.988 million price tag. Not a millionaire? Good luck finding a place to live in this Silicon Valley enclave. The least expensive home for sale in the 94027 ZIP code is a 1,370-square-foot, two-bedroom, two-bath bungalow. In other words, a starter home–with an asking price of $1.499 million. The median price of the 24 homes listed for sale over the summer was $9.03 million, making Atherton the most expensive ZIP code in America for the second year in a row. “Atherton...
  • Our Decadent Elite: Rich Liberals and the Progressive Politics of Daddy’s Money

    06/23/2014 7:08:07 PM PDT · by 2ndDivisionVet · 3 replies
    The Other McCain ^ | June 23, 2014 | Robert Stacy McCain
    “Turbulent, discontented men of quality, in proportion as they are puffed up with personal pride and arrogance, generally despise their own order. One of the first symptoms they discover of a selfish and mischievous ambition, is a profligate disregard of a dignity which they partake with others. To be attached to the subdivision, to love the little platoon we belong to in society, is the first principle (the germ as it were) of public affections. It is the first link in the series by which we proceed towards a love to our country, and to mankind. The interest of...
  • Seen At 11: Preparing For The Worst With Luxury Bunkers; Cave Looks Like Extravagant 5-Star Resort

    04/26/2014 5:15:11 PM PDT · by 2ndDivisionVet · 54 replies
    WCBS-TV ^ | April 24, 2014
    (VIDEO-AT-LINK)Preparing for the worst by setting yourself up with only the best. As CBS 2′s Maurice DuBois reported Thursday, luxurious kitchens, swimming pools, even gyms are being added to bunkers built just in case of an emergency. Bomb shelters were a common site in backyards in the Cold War 1950s. But as one bunker promotional video shows, today’s backyard survival bunker looks more like a five-star resort, equipped with everything from an indoor pool and state of the art movie theater, to a dog run and even an interactive classroom — all underground. “The overall scope of the project was...
  • The Wealthy are more worried about being seen as wealthy

    02/13/2014 2:02:01 PM PST · by SeekAndFind · 36 replies
    CNBC ^ | 02/13/2014 | By: Robert Frank
    Is success being vilified in America? The successful seem to think so. A new poll from American Express Publishing and Harrison Group finds that 1 percenters no longer like to be seen as such. One-third of members of the group said they "like it when others recognize me as wealthy." Though that number (taken in the fourth quarter of 2013) may sound high, it's down from 40 percent a year earlier. And it's far below the 53 percent who agreed with the statement in 2010.
  • George Will: Progressives take lessons from ‘Downton Abbey’

    02/13/2014 3:24:16 AM PST · by T-Bird45 · 5 replies
    WashPo ^ | 2/12/14 | George Will
    Many “Downton Abbey” watchers are nostalgia gluttons who grieved when Lord Grantham lost his fortune in Canadian railroad shares. There are, however, a discerning few whose admirable American sensibilities caused them to rejoice at Grantham’s loss: “Now perhaps this amiable but dilettantish toff will get off his duff and get a job.” This drama’s verisimilitude extends to emphasizing that his lordship had a fortune to squander only because he married an American heiress. By battening on what they disdained, this republic’s commercial culture, many British aristocrats could live beyond their inherited means — actual work being, of course, unthinkable.
  • Why Obama Pretended He Can Take Economic Action (The Sad Truth of Obama's Speech)

    01/29/2014 11:02:46 AM PST · by nickcarraway · 30 replies
    New York Magazine ^ | 1/29/2014 | Jonathan Chait
    President Obama devoted his State of the Union address to the economy for a simple reason: Americans think he needs to spend more time talking about the economy. They think that because they lack a detailed understanding of the situation in Washington. Obama’s speech was an extended attempt to humor their naivete. The basic underlying fact of the situation is that the economy is growing very slowly because Congressional Republicans have done everything in their power to apply the fiscal brakes to the recovery. Among macroeconomic forecasters, this is not a remotely controversial assertion but rather an obvious fact that...
  • Why Hillary Clinton can't drive any more and other tales of deskilling

    01/29/2014 7:52:14 AM PST · by 2ndDivisionVet · 20 replies
    The Guardian ^ | January 28, 2014 | Leo Benedictus
    The former First Lady admits she hasn't driven a car for 18 years. But she's far from being the only privileged person to have forgotten how to do things the rest of us take for granted. "One of the regrets I have about my public life is that I can't drive any more," Hillary Clinton told a car dealers' conference on Monday. Among her most painful memories, you suspect this doesn't rank all that high. Yet the remark is a reminder of how wealth and power tend to separate people from normal life, and how they don't always like it....
  • State leaders closely watch migrating millionaires

    01/12/2014 2:01:19 PM PST · by 2ndDivisionVet · 70 replies
    The San Francisco Chronicle ^ | January 11, 2014 | Kathleen Pender
    When golfer Phil Mickelson hinted last January that he might leave California because of a big jump in his federal and state tax rates, it was met with such venom that he later apologized, saying it was insensitive to state his opinion publicly when people are living paycheck to paycheck. Mickelson still lives in California, but other wealthy people say they have moved out mainly or partly because of skyrocketing tax rates. Whether you sympathize or not, millionaires' migrating out of California has serious consequences to the state's bottom line and is something state leaders are watching closely. In 2011,...