Wednesday, 26 October 2011

  • Trickle down wealth from the 1%

    Not only in Beverly Hills does the 1% live but this is my perspective of the trickle down aspect. (Picture from Franklin Avenue blog)

    I have been a Television installer and maybe I might have crossed paths with someone rich. Do the rich hire people to install their Televisions? Yes but I don't think they happen to hire my outfit. I have run across stingy customers but generally they have not been from the 1%. Most likely a good customer is from the 99%

    My friend used to tell me tales from the rich (J. Paul Getty). One tale he told me was that he was so cheap that when people asked to call from his house that he used to charge them for using the phone.

    Another rich person was Andrew Carnegie who donated money for Libraries. There is a U shaped library in Lincoln Heights that was built by his foundation's money. Photo from The Eastsider LA. Anyway people tend to forget the generous donations of the rich along with the "evil " that they do.

    Los Angeles had a mayor who probably made the 1%. Riordan has a foundation too:
    http://www.riordanfoundation.org/welcome.html
    So Los Angeles has been blessed by a good person of the 1% and he had a chance to run the city.

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