This week, the ultra-rich are making headlines for how they’ve gone about spending the billions that they’ve made over the pandemic. Many of them have purchased superyachts, driving sales for the mega-ships to record-highs in 2021. Jeff Bezos, the world’s most notorious superyacht customer, has a new ship, Y721, that is so large that a historic bridge in the Netherlands will have to be temporarily dismantled in order to let it pass.
But billionaires aren’t just buying yachts – they’re buying politicians as well. Billionaires have spent generously this cycle, particularly through SuperPACS, in hopes of shaping future legislation. Politicians like Senators Manchin and Sinema may not be up for re-election, but they have nonetheless attracted billionaire backing by successfully roadblocking President Biden’s legislative agenda. (Patriotic Millionaires)
My comment: And the above is written by a millionaire, which shows that some of them are civilized, caring people.