Sunday, November 25, 2007

I ask again: Where are the bread riots?

This quote is from an article about the increasing numbers of outrageously expensive cars that are lately being manufactured and sold throughout the world's markets.

"And more and more people can afford them, as more get rich and the rich get richer. Worldwide, the number of "ultra-high net-worth individuals" grew 11.3% from 2005 to 2006, according to the 2007 World Wealth Report, published in June, 2007, by Cap Gemini and Merrill Lynch.
"The report identifies as "ultra-high net-worth" those individuals with more than $30 million in "financial assets"—that is, public and private stock, bonds, and cash, but not counting "collectibles, consumables, consumer durables, and real estate used for primary residences." "Global wealth is rapidly consolidating among this ultra-wealthy segment," the study said. As fast as the ranks of the ultra-wealthy grow, so grows the number of ways they can spend their money."

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