4 thoughts on “Try to Deal With Your Grief Tastefully, As They Would Want You To”
A few nut grafs for those who don't care to burn a NYT view on this gobbet of wealth pr0n:
The Assets of the Ultrarich Come Closer to Earth
For the ultrawealthy, 2015 was an embarrassment of riches.
But after years of dizzying appreciation, the values of luxury assets are plateauing and in some cases plunging. Volumes have shrunk, prices are being cut and some auction lots are going unsold.
“We’ve just come through a boom unlike anything I’ve experienced in 30 years in the business,” Jonathan J. Miller, chief executive of Miller Samuel, a real estate appraisal and consulting firm, said of the market for high-end sales. “The hard asset buyers have all cooled at the same time.”
The sharp decline in demand is caused by many of the same factors creating broad financial weakness across the globe: collapsing oil and commodity prices; a slowing Chinese economy; and the prospect of higher interest rates in the United States. Rather suddenly, it seems, the voracious spending appetites of newly minted billionaires from Russia, Brazil and China have cooled off.
I've gotten a few good laughs when the media has been trying to spin this as bad news. Guess what–I know a LOT more fuel consumers than producers, and it's been all good down at our level for a change.
A few nut grafs for those who don't care to burn a NYT view on this gobbet of wealth pr0n:
Dismantle the IRS, an honor system for paying taxes and get rid of the death tax.
/Problem fixed.
Or as HHS-Secretary-Designate Ben Carson has proposed: tithe!
Not sure if he's checked with AG-Presumptive Chris Christie, who's rumored to favor a cannoli-based tax system.
I've gotten a few good laughs when the media has been trying to spin this as bad news. Guess what–I know a LOT more fuel consumers than producers, and it's been all good down at our level for a change.