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June 4, 2007

Where Our Money Goes

-- by Dave Johnson

This is a "Who is our economy for, anyway?" post.

Do you ever wonder where all the country's money went? Wonder why we "can't afford Social Security" even though the GDP is higher than ever? Wonder why we don't have national health care? Do you ever wonder where those Bush tax cuts went - and why the country is in massive debt?

Well here is a story about how some people live -- private jets for kids: JET SET KIDS,

The city's youngest high-fliers are pampered campers whose parents are paying big bucks to jet them off in style to their summer vacations.

In some cases, parents are spending thousands to save kids a bus ride of less than an hour.

The charter company Revolution Air has assigned more than 20 private jets to fly children to summer camp at the end of June, at a cost of about $8,000 a flight.

To cater to their young clients, the company has developed a special menu, including peanut butter-and-jelly sandwiches, chicken fingers and ice-cream sundaes.

Property developer and mother of three Robin O'Hara is sending her 8-year-old, Danielle, on a 30-minute flight to Lake Bryn Mawr Camp in Honesdale, Pa.

"The bus takes 31/2 hours. It is crowded, and it's always a very dramatic scene," said O'Hara, of Great Neck, L.I.

"This year, she is not going with her [older] sisters, so we want to make it a special, unique experience for her.

"It's a trend. A lot of my friends do it," O'Hara said. "They play videos, they serve kids' food, sometimes, we'll have a manicurist on board. [emphasis added]"

As of 2001 the top 1% owned 33.4% of everything in the country - and it is worse now. In 2003 the top 1% received 57.5% of all capital gains.

The average CEO makes $10,982,000, which is 262 times what the average worker makes. That's average.

Posted by Dave Johnson at June 4, 2007 1:40 PM

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Comments

G - U - I - L - L - O - T - I - N - E

(with manicurist)

Posted by: richard [TypeKey Profile Page] at June 4, 2007 3:12 PM

That's typical of third world countries. We're rapidly becoming one.

Posted by: MJ [TypeKey Profile Page] at June 5, 2007 5:34 AM

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