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Hyper rich inflation

Ed the Editor's personal blog corner

At a time when the average Joe is struggling to pay the electric bill, rich fat cats are sweating it over soaring private jet prices and the cost of private catering. All together now, "Aaaaah."

It is hard to sympathise with any millionaire who complains that their cost of living is rising at twice the rate of us poor plebs', especially when we know that the top earners pay less tax than us and spend more than our mortgage on fine dining.

Personally, when I hear that some loaded Chinaman can afford over $200k for a handbag and an ugly New Yorker has just dished out $17000 for a face lift, it makes me want to go stroke a few private assets with the toe of my size 10 boot.

I once worked for a very wealthy guy who had a swimming pool built. He had someone work out the time it would take to fill it from a hose pipe the first time, and he went into a tizzy fit. "I'm not waiting 72 hours for a swim!" The next thing we know, we are standing watching a fleet of water trucks unloading their tanks into his pool. 4 hours later he was swimming like a beached whale, happy as larry with yet another story of over-indulgence to relate to his friends.

Each to their own, and I would love to be wealthy, but I would also like to think I had the sense to pull my head out my ass and use my money for the good of more than just a handful of handbag makers or surgeons. Meanwhile I will get back to budgeting for the next round of utility bills and Armani iron-on labels.