The megarich want to fatten their own wallets! Oh no!

According to Jamie Johnson, a member of the wealthy Johnson & Johnson family, the super-rich are thrilled with the economic slowdown and drop in stock market value because it "has resulted in a thinning of the aristocratic ranks." Apparently this means the rich are getting richer and income inequality is on the rise. The wealthy will be taking baths in their own money as orphans are thrown out into the snow. Mwah-ha-ha-ha-ha-ha!

And yet...

The complaint of the wealthy in the 7 year bull market mentioned by Johnson is that the ranks of the wealthy are getting too crowded. Did the Bush years cause the worlds richest people to feel their elite position has been threatened by so many newcomers? Did the tax cuts shake the faith of the wealthy in their positions of power? Did inequality decrease under Bush according to the anecdotal opinions of the super-rich?

Let's not forget, even though the wealthy wear monocles and are all old fat white men with moustaches and big cigars (kinda like the Monopoly guy), they're just as concerned as the rest of us when their neighbors compete with their success. Apparently wealth alone doesn't except one from keeping up with the Joneses.

Johnson goes on to mention that as soon as the recession hits, his rich friend who hates the competition for the benefits of wealth will be the first to buy. Let's hope the rich buy a lot in the possible coming downturn... sounds like exactly what was hoped for by the recently passed stimulus package that intentionally excluded the wealthy. Who knows, if the super-rich are successful enough in "trying to fatten their own wallets and further insulate their lifestyles" by buying real estate, high end goods and expensive services most can't possibly afford, they may just prevent the economic downturn the rest of us all fear. I propose a toast to the wealthy going on giant spending sprees! Maybe if they buy enough in the downturn, companies won't even have to cut jobs for us poor peasants who "need" our incomes.