4 thoughts on “Ruling Class love

  1. moss says:

    Plenty of folks with money and political/economic power never lose their conscience. Not these rwo. Probably absent from birth.

  2. Ipso Facto says:

    Ultra high net worth individuals (UHNWI) have investable assets of at least $30 million, excluding personal assets and property such as a primary residence, collectibles and consumer durables. UHNWIs comprise the richest people in the world and control a disproportionate amount of global wealth. Ultra-high net worth is generally quoted in terms of liquid assets over a certain figure, but the exact amount differs by financial institution and region.
    A Fortune analysis of the public filings found that as of Jan 11th Mnuchin’s net worth could be as high as $500 million — on top of which he’d recently pulled in additional income of nearly $70 million.

  3. Underdog says:

    Humanity may split into an elite and an underclass as predicted by HG Wells, an expert has said. http://news.bbc.co.uk/2/hi/uk_news/6057734.stm
    Could the human species split in two over time due to evolutionary pressures as predicted by science fiction writer H.G. Wells?
    Evolutionary theorist Oliver Curry of the London School of Economics believes it could happen in 100,000 years. I couldn’t resist this story, even though Dr. Curry’s degree is apparently a Ph.D. “on the evolution of human moral sentiments” rather than in evolutionary genetics. https://www.livescience.com/4265-genetic-upper-class-human-race-split.html

  4. Conspicuous consumption says:

    What the wild journey of a $100,000 watch can teach us about global markets https://www.npr.org/2022/10/21/1129925635/luxury-swiss-watches-crypto
    (currently there’s a 6-to-18 month wait for these watches)
    …a watch that Patek Philippe made in collaboration with Tiffany retailed for around $50,000 and sold at auction shortly after its release for $6.5 million. Jay-Z was spotted wearing one.
    Swiss watch exports hit a record $22 billion last year (up more than 30% from before the pandemic) and they are on track to set another record this year.

    “Rich people, if you tell them they can’t get something, they’re ready to pay any price to get it” Oliver Müller, an analyst with LuxeConsult, who advises banks and collectors on luxury watches.

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