A Millionaire!!!!

Wow!

The measure used by those people who just love statistics and demographics for ‘wealth’ is to be a ‘dollar millionaire’. That’s how they assess ‘the rich’. Which is why London has more than anywhere else. Well, it did have until a few weeks ago when Moscow overtook us. Livin’ that communist dream. From each, according to his ability, to each, according to his need for a Ferrari. Marx loved fast cars. And I’ve been to Moscow, back in the days when you could do such a thing, and it’s full of top end vehicles, Prada bags and Louise Vuitton jock-straps.

But, my point is, (sometimes there is a point even if I have no clue what it might be), that if being a ‘dollar millionaire’ you need £781,000. Which means virtually the entire middle class in London, who no longer have a mortgage on their home, is ‘rich’. New York would be more so except the majority of people there don’t ‘own’ their homes, but rent them. Well, they did until last week when their shares plummeted, their investments tanked, their pensions wiped out and their imported goods businesses folded. Now they’re homeless. Definitely not millionaires.

So they’ve counted up the number of ‘dollar millionaires’ in London and its less than it was a year ago. But these pseudo millionaires might be temporary residents, taking their 780 grand with them when they leave. 18,000 of them have left. Whereas only about 15 people with over 100mil have left. That’s a more serious kind of ‘wealth’. A proper degree of richness, worthy of the name. And now they’re off paying less tax, but in a different country. Big win for the exchequer, getting rid of those rich bastards. Leaving just you and me to pay tax and support the benefits frauds and to keep the Boat People in Soho House and the Dorchester.

Lila and Joey have gone to New York. For Easter. Though by the time the Bunny arrives they’ll be down in Florida. Where its hot. New York is like here; looks fab but you get frostbite putting your sunglasses on.

Happy Wednesday

A xxxx