The Super Wealthy- A New species? Or Just the Current Royalty?

https://www.wsj.com/lifestyle/travel/the-ultrarich-are-spending-a-fortune-to-live-in-extreme-privacy-3f400e55

In Miami and elsewhere, the wealthy are moving in increasingly private spheres, shelling out big money to bypass the indignities of public life

When developers Masoud and Stephanie Shojaee dined out recently, they headed to the members-only section of MILA restaurant in Miami Beach, Fla., where they were whisked to a table already bearing their favorite cocktails and chopsticks engraved with their names.

On a business trip to Dubai last month, the Shojaees exited their Bombardier Global jet and later stepped into a waiting Maybach that zipped them to a lavish hotel. They went through a private entrance that bypassed the lobby and took an elevator straight up to the Royal Suite, where a staffer checked them in and presented their butler.

The ultrawealthy are wielding their growing fortunes to glide through a rarefied realm unencumbered by the inconveniences of ordinary life. They don’t wait in lines. They don’t jostle with airport crowds or idle unnecessarily in traffic.

The curation extends to the couple’s clothes shopping. They no longer go to high-end malls. Instead, Masoud gets a large suitcase of items from NB44, a members-only apparel brand, shipped to him every quarter, while Stephanie regularly receives racks of new collections from brands like Valentino and Christian Dior along with an alterationist to make any adjustments.

The rich elites of this country have far more in common with their counterparts in London, Paris, and Tokyo than with their fellow American citizens.

They are almost like a new species of humans eg:“Masters of The Universe”
A life with almost no limits.

The super-rich have achieved escape velocity from the gravitational pull of the very society they rule over.

This is what income inequality has wrought. Perhaps a return to the Middle Ages where royalty lived a life uncomprehendingly to a serf. Just imagine the household of Musk or Bezos.

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And likely the super wealthy sneer at the plebes.

Stephen Schwarzman, the hedge fund billionaire CEO of the Blackstone Group who hired Rod Stewart for his $5-million birthday party, believes it is the rabble who are socially irresponsible. Speaking about low-income citizens who pay no income tax, he says: “You have to have skin in the game. I’m not saying how much people should do. But we should all be part of the system.”

But millions of Americans who do not pay federal income taxes do pay federal payroll taxes. These taxes are regressive, and the dirty little secret is that over the last several decades they have made up a greater and greater share of federal revenues. In 1950, payroll and other federal retirement contributions constituted 10.9 percent of all federal revenues. By 2007, the last “normal” economic year before federal revenues began falling, they made up 33.9 percent. By contrast, corporate income taxes were 26.4 percent of federal revenues in 1950. By 2007 they had fallen to 14.4 percent. So who has skin in the game?

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Stephen Schwarzman, the chief executive of Blackstone, David Solomon of Goldman Sachs and Henry Kravis, the co-founder of Kohlberg Kravis Roberts, were all in attendance and are understood to have privately expressed interest in backing Ms Stefanik’s gubernatorial bid in 2026.

Ms Stefanik, a staunch ally of Mr Trump and the chairwoman of the House of Representatives’ Republican leadership committee, launched her bid for her party’s nomination last Friday, pledging to make the state “affordable and safer”.

There is no suggestion that any of the business leaders or their companies are donating directly to Ms Stefanik’s campaign.

The surge in support for the Republican representative indicates the depth of concern among business leaders over Mr Mamdani’s triumph in last Tuesday’s mayoral election.

“I’m following president Trump’s motto. We’re not surrendering New York, we’re going to fight, fight, fight,” John Catsimatidis, a Republican billionaire and New York grocery store magnate, told The Telegraph.

The rabble must be put in their place say the Wealth creators.

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Vatican, Versailles, Taj Mahal, the Hanging Gardens and the Pyramids. Nothing new.

The Captain

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