This year's Neiman Marcus holiday catalog has just been released. Of the gifts you can buy:
"This year's Neiman Marcus holiday catalog offers gift seekers a slew of ideas ranging from a $25 crystal desk bell to the $1.76 million space charter for six passengers including medical assessments, training, a ride on the Virgin Galactic spaceship and an after-party at Virgin boss Sir Richard Branson's private-island retreat in the Caribbean."
That's right, for $1.76 million dollars you can take five of your friends on a trip to outer space. That's only $294,000 per seat. Not quite extravagent enough so there's something else you can buy. The catalog's most expensive gift this year:
"This year's most expensive gift is a $3.8 million membership at Italy's Castiglion Del Bosco wine estate, which includes unlimited time at the Tuscan villas and access to swimming pools, vehicles and spas."
$3.8 million dollars... as a gift. I don't know. I know that when holiday season comes around(slap me for bringing this up in October) retail sales are actually quite largely effected by these huge purchases. In fact a large percentage of retail sales come from this side of the market. And why not, if you can spend 3 million on a friend or a relative, I've got to buy like 150,000 CDs for my friends at full price to even come close.
So why am I bringing this up? Well it's because I don't think that people in different classes appreciate the numbers. A lot of people in higher class brackets discount the cries of the lesser because they don't see the disparaging gap between the amount of "disposable income". The average American in droves spends a few thousand bucks on holiday gifts per year. That's the average over a huge range of people though. Some are barely able to spend a few hundred if any at all. On the high middle class range, that number can soar as high as 20 and 30,000 dollars a year. So the gap margin of over 90% of Americans is from $0-30,000 while a single person in the upper class can spend as much as $3 million on one gift???? These numbers aren't one hundred percent accurate, but the point should still be obvious.
When's that cash gonna trickle down B?
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