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- Title
Private Yachts as Long as Football Fields.
- Authors
Pizzigati, Sam
- Abstract
The article discusses the extravagant lifestyles of the super-rich and their lack of generosity towards charitable causes. It highlights the increasing size and cost of luxury yachts, with some reaching lengths of over 100 meters and selling for millions of dollars. The Forbes 400 list of America's richest individuals reveals that the majority of billionaires have given away less than 5% of their fortunes to charity, with only a small number giving more than 20%. The article also criticizes the wealthy for their limited efforts in addressing climate change and their investments in fossil fuels. The author suggests that the hoarding of excessive wealth needs to be addressed in order to limit the power of the super-rich.
- Subjects
AMERICA; YACHTS; FOSSIL fuels; LUXURY; CLIMATE change; COMPULSIVE hoarding; CHARITABLE giving; FORTUNE
- Publication
CounterPunch, 2023, p224
- ISSN
1086-2323
- Publication type
Article