Three good examples of absolute inequality within the capitalist system:
Plenty of corporate execs run outfits that profit off the misery at
the bottom of America’s economic ladder. But count Family Dollar CEO
Howard Levine among the few execs who fail at that profiting and still
lavishly fill their own pockets. Dollar- store retail, overall, has soared since 2008 as the ranks of Americans in poverty have jumped by almost 40 percent. But management blunders
have kept Family Dollar the only dollar-store “Big Three” corporation
with drooping sales over the past year. Last week, Dollar Tree — a top
Family Dollar rival — announced an agreement to buy Levine’s troubled
retail empire for a price well above Family Dollar’s share value. Levine will report to Dollar Tree's CEO
once the deal finalizes, if he chooses to keep working. He may not. His
likely take-home off Family Dollar's sale: $130 million . . .
America’s top 1 percenters, Too Much related last week, are spending record thousands to assure their kids spots in
the nation’s most sumptuous summer camps. Not included in those
thousands: the big bucks wealthy parents are now spending
to pack their kids up for summer camp. Barbara Reich of New York’s
Resourceful Consultants charges $250 an hour to fill trunks with
“delicate touches like French-milled soaps and scented candles.” A
typical job runs four hours. Two years ago, Reich had one packing
order, last year five. This year she had 10 orders before Memorial Day.
Her fellow packer Dayna Brandoff of Chaos Theory says well-heeled
parents want the trunks she packs to help “recreate their child’s
bedroom so they can feel completely at ease in air-conditioned bunks.”
How do you park into a narrow harbor a super yacht
nearly the length of a football field? You back it in, of course. Very
carefully. Yachtsman Andy Wheeler enlisted a drone last month to make a video of his Chopi Chopi
backing into the harbor at Corsica’s port of Bonifacio. Wheeler’s
yacht, the largest ever built in Italy, launched last year. Analysts
at that time valued the boat at $107 million.
No doubt most readers couldn't even aspire to be the owner of one of the boats in the background?