Citibank memo states the rich have everything, and deserve it.

Discussion in 'Wall St. News' started by spinn, Apr 8, 2010.

  1. spinn


  2. New York City real estate is "different". :cool: :D :cool:
  3. I found it funny that two of the people who wrote this article are indians who probably have a networth equal to the value of a Tata Nano.

    What you see is aspiring social climbers willing to sacrifice everything and whore themselves to the "plutonomy" to get a small piece of the pie.
  4. This was highlighted in Michael Moore's Capitalism movie.
  5. lynx


    I can't really come up with a good counter argument for this article.

    But it feels to me like the many pieces I have seen over the years that attempt to explain unusual economic circumstances by saying "this time it's different" and "here's why".

    I just don't buy the argument that the rich will drive the economy so thoroughly that the spending of the middle class and poor doesn't matter.