Tag: wealth
When it comes to wealth, New York County is “the most unequal county in the US,” according to Queens College professor and sociologist Andrew Beveridge. He explained the phenomenon in a recent talk at the Symposium on Inequality and reported by CityLab. After climbing in the 1990s and 2000s, median income is back down to […]
Westhampton-Hampton Bays Patch has the scoop that the East Hampton Town Board will not be banning the use of personal helicopters on weekends in the affluent town on Long Island’s South Shore. The board handed down the decision on Tuesday, stating that the proposed helicopter ban was too restrictive. Councilwoman Kathee Burke-Gonzalez proposed a 4-part […]
In post-recession Manhattan, the rich are making nearly as much as they did before the economic disaster, while the poor are make the same or even less. The Census Bureau’s American Community Survey, released today, reveals that the top 5% in Manhattan took in $854,394 in the final year of Bloomberg’s administration, 88 times the […]
In the most recent issue of The Baffler, Rhonda Lieberman published an extensive piece on the art collectors of the “new Gilded Age.” Almost everyone Lieberman mentions is both obscenely wealthy and exploitative. One of them is Bernie Madoff, whose office art included a four foot screw so expensive that Madoff’s lawyer didn’t want it disclosed […]
