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Loading... Richistan: A Journey Through the American Wealth Boom and the Lives of the…by Robert Frank
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will love Sign up for LibraryThing to find out whether you'll like this book. It was an easy, interesting read, but I went to write a review barely a week later and couldn't remember a thing. And that isn't normal for me. ( )A thoroughly depressing book, in part because the author attempts to stand on “unbiased” ground while exploring the lives of those whose net worth is over $10 million. Inherently raises the question of whether it’s possible to consume at that level and still honestly say you’re giving proper attention to the poor and downtrodden. The chapter on performance philanthropy is worth noting—much more so than the chapter on relieving the cramped space of the super-yacht by paring them with mini-yacht companion ships. Frank, who writes for the Wall Street Journal, has examined the inhabitants of a virtual country within the United States made up of the more than eight million millionaires, focusing especially on the richest of the rich, those worth between 100 million and 1 billion dollars. These people have their own sometimes intriguing and sometimes peculiar lifestyle, and face problems the rest of us are free of: households full of servants and managers who must themselves be managed, the concern over how their children can be raised not to be Paris Hilton (solution: leave them with nothing), and how to spend their money in a way that will impress the ever-richer superrich. Not all is excess and frivolity, however. These people have found a new approach to philanthropy that is intriguing, and their tendency to pursue work as a creative endeavor is worthy of respect. Unfortunately, the book was published just before the current economic downturn, so one wonders how many of those nouveau riche are still riche. Describes the lifestyles of america's wealthiest citizens along with the social and economic forces that helped them achieve their wealth. Some of the descriptions of extravagance were mildly entertaining, but overall the book did not explore its subject in much depth. Wry view of current state of U.S. economic life with an empasis on the widening gap between the haves and havenots. jw no reviews | add a review
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(retrieved from Amazon Fri, 24 Apr 2009 07:58:03 -0400)
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