I could digress about that to some length. I will refrain.
Not to long ago, a Fresh Air broadast on NPR with host Terry Gross featured an interview with an heir to the Amour hot dog company. I think it was Amour. But maybe it was the Oscar Mayer hot dog company.
Anyway, he gave up his wealth and went to live a real life, perhaps much like that Prince Harry and his lovely wife Megan, decided to actually a real life among real people.
This fellow wrote some article on the internet about how America's richest individuals have grown richer since the pandemic began.
Oh, there is no question about the kind of wealth and how much of it is sequestered that could be distributed into the world to help people who truly need the help.
The debate among the intellectuals, which has actually been in progress for a few years, has to do with some kind of guaranteed income. The Atlantic magazine has discussed the need for reparations for American black folks to the tune of $30,000. I don't know if that is a one time $30,000 or an annual $30,000.
Malcolm Gladwell in his online lectures has talked about the way it was in America in the 1950s. He talked about a CEO of an important American corporation who said he would like install a swimming pool but he couldn't quite afford. Back then, the tax rate for the country's highest earners was something like 90 percent.
Since then, you know what the Republicans have done to the tax rate.
Over the decades, what has happened is the US goverment has had to borrow to make ends meet. Or, to put it another way, to balance the books.
When it comes to this billion dollar net worth business. A billionaire's trophy wife can't spend a billion dollars on herself in her lifetime. She really can't. She would still die stinking rich.
My interest in American cars of 1958 lead me to researching much than the cars produced in that year. For example, the typical new home built in that decade averaged somewhere around a thousand square feet. I doubt a typical "starter home" these days is anywhere close to that. Probably more than two thousand square feet.
When it comes to a study of inflation, one would think the increase in the cost of living would actually reduce the square footage of a newly built home.
But it hasn't.
I find this fascinating.
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