Liberal Millionaires Complain About Income Inequality: “We are the 99.99 percent”


Can we please put a stop to this income inequality madness before Steven Spielberg starts complaining about income inequality because he only has $3.4 billion while Larry Ellison has $48 billion. It’s not fair. He’s the 99.999 percent.

Our sad story begins with a Bill de Blasio supporter who wants something done about the rich.

I recently asked a wealthy political donor why he was supporting Bill de Blasio and his attacks on the wealthy.

“Because inequality is a problem in New York,” he said. “The rich have gotten their way for too long.”

By “rich” of course, he meant people richer than he was—as in billionaires. Inequality in New York is all relative.

Yes, the poorest people in America are overweight and have smartphones. The poorest rich people in New York can’t afford to buy their own sports team.

Won’t Bill de Blasio do something about this tragic tale of two cities?

In New York, San Francisco, London, Hong Kong and other concentrated wealth centers, the growing gap between the rich and super rich has rarely been wider.

Richard Kirshenbaum writes of a friend (whom he doesn’t name) who no longer feels important in New York because he’s only a millionaire.

Now, it takes at least $100 million to matter in New York. He says he feels like a “loser” because of his $10 million apartment. His wife’s 8-carat diamond is out-blinged by a friend’s 20-carat rock. He’s proud of his floor seats; another guy buys the team.

“You think you’re a player, flying your family first class, then so-and-so asks for your tail number, and they look at you like you’re taking the bus because you’re flying commercial,” he says.

The only solution is to redistribute private jets to everyone. And sports teams.

A lot of the class warfare that you see in the media now has exactly this kind of absurd flavor, wealthy and upper middle class liberals denouncing billionaires.

“The rich will no longer have it their own way,” shriek sites like Gawker whose ads come from luxury brands.

Everyone is oppressed because someone else has more money. There is absolutely no end to it because someone always has more money.

The millionaire malaise stems from a rapid growth in inequality—not just between the 1 percent and 99ers, but also between the 1 percent and the 0.0001 percent.

Forget the 99 percent. It’s all about the 99.99 percent.

If the top 0.1 percent were on the 160th floor, the top 1 percent would be on the 10th floor. And if Larry Ellison were on the 160th floor, Mitt Romney would be on the 6th floor and the rest of America is mixing with the top 1 percenters on the lower floors.

“The 99.99th percentile now sits on the third floor and the entire bottom 99 percent—and then some—mill around the lobby,” Winship writes. “We are the 99.99 percent?”

Or we could just stop compulsively envying each other and acting like we’re starving peasants outside a manor, when most of the people complaining are ridiculously well off by the standards of 99 percent of the world… and human history.

Income inequality is always going to exist. We can keep trying to redistribute other people’s money but the country will only get poorer as a whole and power and wealth will concentrate in the hands of the redistributors.

That’s how it worked in the USSR.

With the new, soaring glass towers going up in Manhattan with $90 million penthouses, it’s not hard to imagine that those living “below” in the prewar palaces along Fifth Avenue can actually feel disadvantaged.

And that’s what we’re really talking about here ‘feelings’.

This isn’t about deprivation, it’s about a class warfare made fashionable and  redistributed across all of society so that everyone can feel part of the 99 percent as long as they have less money than Bill Gates.

It’s about the left’s pervasive culture of resentment that trades opportunity for envy and pays off in bureaucracy.

  • wileyvet

    These are the same jet set libs that decry the wealth of the Rockefellers, Morgans, Goulds, Guggenheims, and Carnegies. All robber barons. Yet they are so clever, so much more deserving of their wealth. In a previous age of American growth, it might have taken decades to accumulate the wealth of these industrialists, whereas today a currency deal, or a short sell, a website, or a class action law suit, can virtually overnight propel one into the economic stratosphere, without actually contributing anything of real value. These folks will never have to suffer a day in their lives, yet it is still not enough. I do not envy someone else’s wealth, but at some point when you have reached these levels, you must lose a complete grip on reality and perhaps a piece of one’s humanity. When their time on this earth is up, will any of it matter? Will all their wealth prepare them to meet their maker? Or will they be a pathetic figure detached from the world, mumbling Rosebud?

  • DogmaelJones1

    “If the top 0.1 percent were on the 160th floor, the top 1 percent would be on the 10th floor. And if Larry Ellison were on the 160th floor, Mitt Romney would be on the 6th floor and the rest of America is mixing with the top 1 percenters on the lower floors.” Where would I be? In one of the subbasement’s disused janitor’s supply lockers. That’s if I was lucky and had been vetted by the tenants’ association.

    • The March Hare

      And I would be trying to borrow paper and pen along with money for the fee to submit an application to the tenants association for one of the more run down supply lockers. Maybe a fixer-upper.

      • DogmaelJones1

        I don’t envy the rich or the super rich who haven’t acquired their wealth thru cronyism or government connections. What I do dislike them for is their stupidity or ignorance or indifference concerning government powers. I reserve a special contempt for the likes of Bill Gates and Warren Buffett, who publicly apologize for their wealth. There are very, very few among the wealthy who are genuinely concerned about the direction the country is taking (fascism), such as the Koch Brothers, the newest targets of the Progressive Democrats.

        • The March Hare

          I have never understood those who worked hard to earn their millions and then get involved in liberal causes, donate to them and even speak in favor of them. I have heard it posited several times in the past that they just don’t want others to get rich also.
          I, for one, am working on my second million. I gave up on the first one years ago.

          • DogmaelJones1

            Prominent pioneers of “giving back to the community” were Andrew Carnegie and John D. Rockefeller and Henry Ford. I have no objection to philanthropy; what I object to are the altruist reasons behind it.

          • Doobee

            They didn’t call it “giving back” in those days. That’s important to remember.

            When you have all the money you could ever want, you get indifferent to money, and you start wanting political power. That’s who George Soros is.

          • truebearing

            Don’t give up. If the second million doesn’t work out, start on your third. If that fails, file for disability because of income inequality post traumatic stress disorder, and make sure you claim some minority heritage. Try being part Cherokee. It never fails. It could get you a professorship at Harvard or maybe even get you elected as a senator.

          • The March Hare

            I don’t know. I feel like it’s hare today, gone tomorrow.

          • truebearing

            Maybe you don’t listen to enough hiphop. I hear it is the key to conservative success.

          • The March Hare

            I’m a hare. I have hop hop built in. Maybe I need to become a little more hip.

          • truebearing

            If you want more hip in your hop, you’ll probably have to dye your fur.

          • The March Hare

            I don’t have enough furbearance for that. The older I get, the more fur I lose. I’ll just have to settle fur what I’ve got.

          • Doobee

            The wealthiest among us, i.e., the billionaires, know that Obama’s crony capitalism will allow them to get even richer. They’re eliminating the bougeoisie–the upper middle class, the millionaires, just like Karl Marx wanted.

    • CaoMoo

      Pretty sure Id be in the Alley dumpster diving.

      • truebearing

        I’ll trade you some of my condo under the bridge for some of your dumpster supper.

  • Douglas Mayfield

    Envy such as these people are expressing is a rotten emotion. Translated into words, envy might be something like ‘I don’t have (. . .) so no one else can possibly deserve (. . .). We have to get someone to take (. . .) away from those bastards.’
    I suspect that underneath the ugly layer of envy is a big pool of guilt.

  • Softly Bob

    Hello everybody, my name is Bill Gates and for years I was the richest man in the World and therefore nobody, repeat NOBODY had more money than me!!!!!!!!
    However, I’m now only number two or three on the list – therefore I am now a Liberal!

  • tagalog

    People of a certain class ask one another for their tail numbers? Other than operating as a tool for one-upping your buddy, what possible purpose could such a question serve?

    I begin to understand the drive that caused people to guillotine so many aristos in the French Revolution…

    • The March Hare

      And that was the left that did that.

  • Clare Spark

    And pity the Los Angelenos whose overpriced houses make them millionaires. It is very confusing to be still middle class and yet to be that wealthy on paper. But hey, we’ve got earthquakes, high winds that make the trees fall down, fires, and floods too. It is like Egypt and the flesh pots.

  • ricpic

    This is why I’m friendless. I can’t help noticing that nobody, I mean nobody measures up to moi!

  • TXL

    Equality run through the political translator is ENVY