OMG! It's the Fiscal Cliff!

[SamIam]

I've always wondered what sort of buying spree the $250,000 plus gang are supposed to go on. Since the US doesn't make anything anymore, the wealthy are not going to help things by buying expensive trinkets from their homeland. I think they buy their expensive trinkets from foreign countries, anyway. Art? Maybe they'd buy a bunch of stuff created by American artists, and the money from the art community would trickle down to the rest of us. Nah, I bet the uber rich consider it gauche to have a bunch of American art cluttering up the mansion.

I know! Learjets! Who couldn't always use another Learjet? Are those made in the US? OK, never mind. I just checked and the Canadians took over making the Learjet. Well, I'm sure the wealthy will do SOMETHING to help the US economy out, right? Especially if we all have to go over some financial cliff on their behalf.

[bluecuracao]

Originally Posted by SamIam

Art? Maybe they'd buy a bunch of stuff created by American artists, and the money from the art community would trickle down to the rest of us. Nah, I bet the uber rich consider it gauche to have a bunch of American art cluttering up the mansion.

Uh huh, especially art purchased directly from artists. If the uber-rich deign to buy art made by living American artists, it is most likely through dealers and galleries (also very wealthy people) that take a 50% commission. None of those big-money art auction sales we see on the news benefit any artists.

[Stormieweather]

BayPop Mag

Here is what the rich in my area splurges on...

Note the cufflinks on page 100 for $40k and the cell phone on page 107 for $179k. I would think you could blow a hell of a lot of money very easily.

Yeah, I know someone featured in this magazine, which is what brought it to my attention.