Saturday, March 21, 2009


I've asked myself why I care that a 36-year-old wife of a former investment banker isn't satisfied with a 43 million divorce settlement. Apparently she spends, each week, $1,000 for hair and skin treatments, not to mention $700 for limo service, $1,500 for restaurants and entertainment, $8,000 for travel, and $4,500 for clothes. Those are weekly expenses so the 43 million isn't be enough; she needs $53,000 each week - each 7-day week.

This is happening now, during an economic depression - let us not kid ourselves by calling this a recession. Reading about her and the AIG bonuses have made me realize that somewhere along the line, the gap between the wealthy and the middle-class have widened tremendously. I think the difference started to become apparent when the dot.coms started to make money; the financial people followed. I remember when a million dollars was a lot of money - and it still is, in my eyes; but to this segment of people, a million dollars is loose change. They talk in terms of billions.

The ire of the people over the AIG bonuses reminded me of the French Revolution (1789-1799). The people had probably heard of the excesses of the French royalty and had had enough. "Off with their heads," they thought and did. I am feeling the same ire directed at the 400 AIG executive bonus-recipients.

During this terrible economic times when people are losing jobs and their homes, it seems sinful for people to flaunt their wealth and greed. It's time to tone down, to develop a conscience, to share with others. And the gap between the haves and have-nots, something had better be done about this,or else the spirit of revolution might come to life again.

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