Millionaire's Club




(From the New York Times, May 15, 1892.)

This week's edition of the Boston Courant reports that over ten thousand millionaires now own homes in "downtown" Boston (by which they mean, Beacon Hill, Back Bay, the South End and the Fenway). 

This is, I guess, supposed to be good news, especially for the trickle-down crowd.  We all apparently benefit from more millionaires in the neighborhood, if you can afford to live in the neighborhood, that is.

The article quotes Paul Bachman of the Beacon Hill Institute at Suffolk (a conservative fink-tank, founded by Republican politician Ray Shamie), who acknowledges that affordable housing options — and we're not talking section 8 here, we're talking affordable for people in my solidly middle-income bracket — tend to dry up when the Millionaire's Club moves in.

But, Bachman says sagely: "it's better than having a preponderance of poor people."

"And as an aside," he adds, "it seems like every major city I've been in has a concentration of wealthy people in the nice areas."

Coincidence?

Of course, this is the mad logic of class war.  We all know that the rich do, indeed, need a preponderance of poor people.  They're the ones that clean the toilets, serve the food, and fluff the pillows (sometimes, passive-aggressively, in that order).

And the middle class?  I hate to tell you, but to people like Bachman, we're in amongst the "preponderance of poor people" now.   Middle class people are just poor people stupid enough to (a) work for a living, and (b) think they're not poor. 

If you're not someone whose money is making all your money for you, I can guarantee you you're not, and likely never will be, in the millionaire's club.  And if you think it's great that they're moving into your zipcode, don't plan on being there yourself much longer.  And all those swell new restaurants and boutiques?  The only way you're going to get in is if they're hiring.
 
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Comments

  • 5/21/2011 10:21 AM Cathy wrote:

    Class war!! Unless they will all donate to the Fenway CDC. In that case, okay.

    Reply to this
  • 5/21/2011 1:36 PM BosGuy wrote:

    I'm so thankful that I scored an affordable unit in the South End to purchase back when I worked for the AIDS Action Committee. I love where I live and am not house poor as a result. I know how lucky I am.

    Reply to this
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