More millionaires than ever


Dutch Millionaire Fair magazine photo

Dutch Millionaire Fair poster 2007These are posters for the annual Dutch Millionaires’ Fair. Where millionaires can spend their ever-expanding millions on conspicuous consumption (jewels etc.). The posters suggest that millionaires (well, heterosexual male millionaires … which means most millionaires), even if they are ugly and/or treat women like shit, can become the proud owners of attractive women with lots of expensive low-cut dresses and make-up.

While worldwide, from Afghanistan to Greece to Britain to the USA, workers’ wages, workers’ pensions and public amenities are ruthlessly cut (especially for women) “because it is economic crisis and we are all in the same boat”, rich people worldwide really seem not to be “in the same boat” at all.

From the Capgemini site (capitalists, of course, not socialist propagandists):

Merrill Lynch Global Wealth Management and Capgemini Release 15th Annual World Wealth Report

The world’s high net worth individuals (HNWIs)1 expanded in population and wealth in 2010 surpassing 2007 pre-crisis levels in nearly every region, according to the 15th annual World Wealth Report, released today by Merrill Lynch Global Wealth Management and Capgemini.

New York, Paris, June 22, 2011 – Global HNWI population and wealth growth reached more stable levels in 2010, with the population of HNWIs increasing 8.3% to 10.9 million and HNWI financial wealth growing 9.7% to reach US$42.7 trillion (compared with 17.1% and 18.9% respectively in 2009). The global population of Ultra-HNWIs2 grew by 10.2% in 2010 and its wealth by 11.5%. …

1 HNWIs are defined as those having investable assets of US$1 million or more, excluding primary residence, collectibles, consumables, and consumer durables.
2 Ultra-HNWIs are defined as those having investable assets of US$30 million or more, excluding primary residence, collectibles, consumables, and consumer durables.

Yes, again American English Newspeak in this item about the “worth” of individuals supposedly being measurable in money …

USA: Thirty-Two Corporations Spent More on Compensation for Top Executives in 2010 Than They Paid in Income Taxes. Pat Garofalo, ThinkProgress: “According to a new report called ‘S.& P. 500 Executive Pay: Bigger Than …Whatever You Think It Is,’ put together by the independent research firm R. G. Associates, there are currently 32 companies that actually spent more on compensation for their top executives in 2010 than they paid in corporate income taxes: ‘Total executive pay increased by 13.9 percent in 2010 among the 483 companies where data was available for the analysis. The total pay for those companies’ 2,591 named executives, before taxes, was $14.3 billion …Warming to his subject, Mr. Ciesielski also determined that 158 companies paid more in cash compensation to their top guys and gals last year than they paid in audit fees to their accounting firms. Thirty-two companies paid their top executives more in 2010 than they paid in cash income taxes”: here.

Austerity measures, wage cuts and rising unemployment have characterised the years since the crash of 2008 for working people. For the rich and super-rich, however, they have been the occasion for clawing back every penny of the initial losses made and adding a great deal more: here.

The gap in the United States between the wealthy and everyone else has widened to unprecedented dimensions: here.

USA: Wealth Gap Between Whites, Minorities Widens To Greatest Level In A Quarter Century: here.

White people in the US are on average 20 times wealthier than black people and 18 times wealthier than Hispanics, according to an analysis of census data released today: here.

Britain: Single mothers worst hit by cuts, says new report: here.

The poorest people in Britain have seen their share of national income shrink by a quarter over the past 30 years, a study shows: here.

Britain: Women’s pay as relevant now as in 1888: here.

USA: Manufacturer Suggested Retail Prices Suggest Comics Companies Think Women’s Work Is Worth Les: here.

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