Richie Rich Gets Richer (2012)

As countries like Greece and Spain struggle under massive debts that are impoverishing its people, the elites around the world are getting richer and richer. This report looks at the ever widening gap. "There are customers that have all the way up to 100 vehicles in their garage." Torsten Muller-Otvos from Rolls Royce tells us. Each one costs about half a million and last year Rolls Royce sold more cars than ever before in their 100-year history, but then the luxury industry knows no crisis. Since 2009 the rich have become on average 6 percent richer. So while one in six Americans now has no health insurance, Manhattan's 58 billionaires have gotten richer. As Manuel Koch points out the ratio of return expected by the rich has totally shifted, "People used to be happy making three... read more
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Richie Rich Gets Richer (2012)