the rich

6 posts

French Football Clubs Will Strike To Protest Supertax

Soccer BallFrench football (meaning soccer to the Americans) clubs are going on strike to protest the 75% tax on those earning over 1 million euros annually. Ligue 1 and 2 clubs have announced that matches have been cancelled for the last weekend in November.

The two-year tax is meant to be a temporary measure as France deals with an economic crises. Originally meant to apply to households, the French constitutional counsel held that the tax as then written was unconstitutional. Lawmakers rewrote the law so that the tax would be on employers instead. Continue reading

The Human Fund

Earlier today, Sean Parker, the founder of Napster and one of Facebook’s earliest partners, as well as a partner in Spotify, tweeted “You guys are really attacking me for being the 1%? I was broke and couch surfing just a few years ago. […] I have a whole new set of problems to deal with now: security, extortion attempts, kidnapping threats, death threats, etc. Life better b4?”

Mr. Parker is worth somewhere in the neighborhood of $2.1 billion. That got me thinking: why can’t we help relieve this nation’s billionaires of the terrible burden of their wealth, while helping ordinary Americans make their dreams come true? Continue reading

The Tale of a Bankrupt Billionaire

Patricia Kluge and her newest husband, Bill Moses

I’m not sure how one squanders a divorce settlement whose value was rumored to range from one billion dollars to less than a million dollars a year but apparently it is possible.  In 1990 Patricia Kluge divorced from John Kluge, a man once considered the richest person in America. In the divorce, Pat received a sprawling 45-room, 26,000-square-foot home near Charlottesville, VA and a boatload of cash which most people agree was $1.6 million a week. Since then she has opened a successful winery whose wine was even served at Chelsea Clinton’s wedding last July and entered into a variety of other ventures. However,  the debts have been mounting as rumors of financial trouble started when her $100 million dollar estate was auctioned off and repossesed by Bank of America for $15.6 million. Recently, Kluge and her newest husband have also been auctioning off a lot of her own personal items in what has been viewed as an effort to pay down their debts which have been tallied at around $46 million dollars.

Photo Credit: NYSD

Forbes Releases Celebrity 100 List

“Holy shitballs!” was how Bethenny Frankel described her feelings about being on the cover of the most recent Celebrity 100 edition of Forbes magazine. Holy shitballs is right. This year Bethenny made about $55 million dollars. It feels like just the other day she was the poor, downtrodden Real Housewife of New York City peddling her brand Bethenny Bakes at every function imaginable but now everything has changed. The reality shows that made her famous only “earned” her about $700,000 last year but she definitely owes alot of her success to them. She has multiple best-selling books and other business ventures including her brand SkinnyGirl Cocktails and its premier drink the SkinnyGirl Margarita. In fact, she recently inked a deal for her brand of drinks which netted her a reported $100-$120 million dollars. All of things considered, she is now probably the wealthiest of all the New York City Housewives and she isn’t even on the show anymore. Continue reading

Celebrity Real Estate Porn: Ellen Degeneres and Portia De Rossi

Ellen and Portia are looking to sell their massive estate in Beverly Hills for $60 million dollars. I know, I know, this may not be as unlived in and well kept as Huguette Clark’s 42-room Fifth Avenue Manhattan apartment,  $32 million Cold War bomb shelter in Connecticut, or her Santa Barbara estate but it does look pretty nice. I mean, Ellen did buy it for $29 million initially and has put $19 million towards snapping up surrounding mansions. The new, even more massive estate sprawls across an impressive 24,000 square feet which is not too shabby for the star of Mr.Wrong.
Continue reading

The Rich Have Better Nuclear Bunkers Than You Do

Hello peasants! I thought you might be interested to know that ever since the earthquake hit Japan, the very rich have been getting very serious about looking into their options for survival should all this earth shaking signal the beginning of the end. 12/12/2012 is just around the corner, and a lot people seem to be betting that those crazy Mayans could be right.

Bunker-builders, of which there are far more than I imagined, have reported huge increases in sales of high-end shelters in the past few weeks. We’re not talking drab 50s fallout shelters with dull concrete walls and cans of tuna fish. We’re talking style. So that when the dust settles, those with enough money will emerge with gold ingots in hand, well-rested, well-fed and ready to repopulate the world.

If you’ve got the big bucks, a company by the name of Vivos has already started selling spaces for a group-style bunker in Nebraska that will provide relatively opulent autonomous living for 900 people for a full year. Below is a rendering of one of the common spaces, and you can check out their extremely creepy video here: Vivos 1012 Underground Shelter

If the apocalypse lasts longer than a year, of course everyone in there will be screwed, but for those first 365 days, “members” are assured access to such luxuries as a wine cellar, pet kennels, dental and medical facilities, private living spaces, even a bakery! The place is bigger than a Wal-Mart, but is free of those annoying seniors greeting you at the door.

And the Nebraska site is just one of a network planned around the United States.

The cost to secure your little piece of heaven buried deep under the earth will run up to $50,000 per person, depending on the location. All things considered, it’s not much if you really want to see what 2013 will look like.

But if you’re not into hunkering down with 899 strangers, a company called Hardened Structures offers underground condos that house up to 200 in a series of their “Genesis Pods,” also scattered around the states. If that’s not cozy enough, you can get something all your own: they recently completed a private 100-bed bunker in the Adirondacks for a mere $90 million.

What? Don’t have an extra $90 million lying around? Feeling left out? Not to worry, as even you can be saved. Those industrious folks at Popular Mechanics have researched an affordable low-cost alternative in an article titled “6 Safe, Strong – and Chic (!) – Bomb Shelters You Can Buy Now.” I don’t know about you, but I’m feeling totally reassured.

Here’s KI4U’s adorable “Mini Blast Shelter,” priced at a ridiculously low $3,200 (delivery and installation extra). I know most of you are already salivating, but if you’re hesitating for any reason, just picture your neighbors turning green with envy when they see this beauty being offloaded onto your front yard.

Although it’s nothing more than a modified section of road culvert, it arrives as the pic says, “ready to bury!” According to company owner Shane Connor, “it’s cramped and it’s uncomfortable. But when something nuclear happens, and it’s inevitable, it’s better than the alternative.”  I’m not so sure about that. If you’ve ever shared a small, enclosed space with my partner, the gaseous Mr. Karma, you might think otherwise. However, beggars can’t be choosers.

If you live in an apartment you’re shit out of luck, but lots of people with backyards in places like East Bumfuck seem to think something like this is a great idea.

Looks like fun, no? Don’t forget, Popular Mechanics says it’s chic, and they should know. Besides, peasants, it’s only $3200 and let’s face it: the only “wine cellar” you’re going to need is a place to put those bottles of white zinfandel you’ve got chilling in the fridge.

Note from BadKarma: If I can muster the energy, this will be one in a series of articles discussing ways I’ll be spending the PowerBall Megamillions I plan on winning in the not too distant future, apocalypse notwithstanding.