CNBC Documentary: "Rise Of The Super Rich" (VIDEO)

CNBC aired a documentary on the 'Super-rich' on 6/26/08. The documentary focused on the excesses of the super-rich, various psychological analyses of the affluent, and the way the richest people make their money- hedge funds. Watch highlights below.
Hedge funds in layman's terms

Musings on shopping and the recession

Why rich people continue to work for money

Discussion of luxury cars, and private jets

More info: Rise of the Super-Rich

Comments

[ohiomark]

CNBC is just doing what liberals do best, insighting class envy.

Judging by the comments I've read so far, the minions are taking the bait.

By the way, none of you have ever had a job where your boss was poor and if you did, that job didn't last very long.

[Bettysdad]

These lines about "class warfare" and "a poor boss" are so hackneyed and cliched they are a punchline to a stupid joke.

Ohiomark, you don't have enough money to be considered part of the problem by we liberals. There's a world of space between a "poor boss" and people who are gaming the system to the point of a billion to a billion and a half dollars in income a year. You are not getting rich by shipping millions of jobs overseas, and impoverishing your former employees.

You may have some money. Maybe even $10 to $20 mil. That's pretty meaningless today. No one thinks of you as the problem. You'll be chewed and spit out just as fast as the nurse or machinist.

So try to get treatment for your really bad case of "Stockholm Syndrome." You're identifying with your captors.

[LCRover001]

Class envy? BS! It's a war!

Wake up call class warfare has been going on for some time. The rich just don't want the rest of us to find out.

Look at where we are today: jobs being out sourced over seas, the housing market collapse, fuel cost have risen causing the cost of everything else to rise, health care cost are out of control, companies are reneging on pensions, tax cuts during a war (which have benefited the rich far more than the middle), stagnation of incomes for the middle class while the upper class has had gain after gain in their yearly salaries. What more evidence do you need?

This whole "recession" is nothing more than the results of class warfare.

The odds have been stacked more and more in the favor of those who are super rich, the middle has had our jobs taken away, our retirement taken away, our health care taken away, our cost go up, and our homes taken away because of shady loans and a horrible job market and the rich have benefited from it all.

When will Americans wake up and see that they are in a class war and they are feeling the effects of it at every turn. Look at the record braking profits the oil companies are making. Middle class jobs have actually lost money over the past 8 years when you figure in cost of living raises, while the higher ups have increasingly made more and more.

[walk0nwalls]

Time for a slave revolt.

[MajorKong]

Seriously, if the rest of us weren't living in fear or our jobs being sent overseas and watching the price of everything go up while our wages stagnate I wouldn't even care how much money these people have.

I just don't want to get downsized so one of them can trade up from a Gulfstream IV to a Gulfstream V.

[reigndog]

Can you flag me too? It would be such an honor coming from someone as wise and all knowing as you.

[Sundialsvc4]

These "uber-riche" stories do get tiresome. Sure, there are a few-thousand people in this world that live at the top of the dung heap, but that's not really a story.

[handyallen1]

yes nothing to see here , move along , move along

[axt113]

Is CNBC trying to instigate class warfare?

Showing this documentary during a recession is not the logical route to take

[Bettysdad]

Showing how a few live in incomprehensible splendor while millions are drowning is bad because...?

[jsarets]

Rich people don't work for money. Money works for them.

[jrb35]

Really? My dad started with nothing, worked his ass off for over twenty years to build a company that made him a fortune and gave jobs to a few hundred people. By the way, he's giving away about 90% of his money to charity.

[FatherWolf]

Is he wildly extravagant, and does he spend millions on ultra-expensive toys?

I didn't think so. He's probably one of the merely rich.

[Bettysdad]

And do you have money and a career because of your dad's efforts?

While a lot of the Forbes' 400 created their wealth, a lot of them merely chose the right parents.

Did you?

[motu]

Greedy A$$holes.

[swift goat pet for truth]

Starts with tax breaks and low tax rates...

[Tom95134]

$22,000 to change the tire? Not bad since they probably had to ship the car back to the factory.

Let's see... $1,200.00 for the tire and the rest are "servicing" fees (as in animal husbandry).

[helonias]

Just rewards for the folks not getting into the kingdom of heaven

[ubermensch]

There is no heaven. Oh, and by the way, you've been flagged.

[biwee]

What's wrong?? Cannot you stand the truth?? Flagged by people like you is a joke.