Can we afford the rich any more?

Sun, 12/07/2008 - 1:28am — lambert

Most people worth at least $30 million “are not facing a personal liquidity crisis and expect to spend as much or more this holiday season than they did last year,” said Russ Prince, the president of Prince & Associates Inc. The private-wealth researcher surveyed 518 people, each of whom own at least one jet.

“They aren’t cutting back because of some kind of moral rationale,” Prince added. “They don’t feel guilty about spending.”

No, I wouldn't think so.

Maybe they know where our two trillion went? Somebody should ask them.

Help Corrente ...

... keep the heat on!

Subscribe to make a monthly payment and keep the hamsters who keep the mighty servers turning in kibble.

No PayPal Account required! Thank you!

Search

Today in Health Care Reform

Recent blog posts

Dean said in the video
2 hours 1 min ago
the social security tax
2 hours 53 min ago
You're not here for jury duty
3 hours 42 min ago
I dunno
4 hours ago
informed commentary
4 hours 29 sec ago
the thatcherites tried to kneecap it
4 hours 24 min ago
Er...no...
4 hours 32 min ago
We're working on that, man.
4 hours 58 min ago
Who gives a shit what you think? You do nothing.
5 hours 21 sec ago
They can't pass a bill worth anything WITH...
5 hours 40 min ago

I support Americans United for Separation of Church and State.

Per capita health care spending (2007):

United States: $7290
Switzerland: $4417
France: $3601
United Kingdom: $2992
Average of OECD developed nations: $2964
Italy: $2686
Japan: $2581

-- Bob Somerby

The text of HR676 (Medicare For All) as PDF (30 pages). The FAQ. Compare HR3200 with HR676.

Medicare for All would save $350 billion a year (study in New England Journal of Medicine).

In 2003, a young Illinois state senator named Barack Obama told an AFL-CIO meeting, "I am a proponent of a single-payer universal healthcare program*." -- Bill Moyers.

* Medicare For All.

Random Links

[Advertising]

Contact lambert_strether [dot] corrente [at] yahoo [dot] com (lambert strether) for all your pony needs. Overt and covert displays of realism ("cynicism") available at customer option.

Chat box

13:36:52 lambert Agree on Ron Paul and the Fed.
13:23:52 brucedixon interesting.... Glen tells me that neither the fake "jobs summit" nor the familiar wailing of conyers about his being disappointed with the prez are the big story. the most important thing happening in DC right now is the Ron Paul bill which wd require the Fed to be audited.
13:57:03 brucedixon I think my colleague Glen Ford is writing on it this week in BAR so I will just co-sign whatever he says.
22:03:36 Valley Girl I'd sure like Bruce Dixon's take on the Conyers comments. Just emailed him.
21:03:43 lambert Thanks, Jeff.
18:16:03 Jeff W lambert, I wrote to NOW about that Elizabeth Warren video not playing and got a response of sorts back, which I sent to you as a private PM. Just FYI.
02:28:28 hipparchia the first thing they told us my volunteer training: humans are natural born rescuers.
00:18:34 lambert One more study... [url]
23:57:37 lambert Joe Bageant is god. [url]
01:00:54 lambert The actuary was a whistleblower under Bush, too. [url]
00:47:48 hipparchia that's ok, jason stands ready to help smear the actuary quoted in that wapo article [url]
23:16:16 lambert Elders under the bus on Medicare, naturally. [url]
20:11:01 lambert 19:49:09 +100
20:10:18 lambert Capitalism in a world where we will throw as many taxpayers under the bus as necessary....
19:49:09 hipparchia elizabeth warren for president!
02:24:14 Jeff W Elizabeth Warren on the economy on PBS's NOW: you can watch it online here: [url] "If [Congress] gets it wrong, the country we knew is gone."
17:52:53 Davidson So, of course they're not going to show the truth about boxing her in from the beginning.
17:51:57 Davidson Yeah, that was just a comment in general, like, "Not even the RBC decision warranted scrutiny."
15:38:02 lambert That's not the RBC meeting, though. That's the smoking gun, beyond "Smart politics" (Wolfson).
14:17:16 Davidson Notice how everyone still avoids exposing the RBC decision