When Kurt Vonnegut wrote God Bless You, Mr Rosewater in 1965, he was writing about an America divided by wealth. Then, CEOs made about 20 times as much as the average worker. By 2011 CEOs made 231 times as much as the average worker. So what has happened since then?
Check out top property prices for Manhattan in recent times (see table below) and note the sale of one of the penthouses in 740 Park Avenue, the building with the most billionaires living in it in the US.
Built in 1929 by Jacqueline Kennedy Onassis’s grandfather, this building of 31 residences is one of the world’s most exclusive places to live.
So who lives here, at 740 Park Avenue, New York? The answer is: not just anyone. One has to apply to buy a residence and must demonstrate a liquid net worth of 100 million dollars to be considered by the co-op.
Watch the WhyPoverty documentary Park Avenue: Money, Power and the American Dream to learn about how the wealth divide has deepened in America. Find out how money talks in the halls of power in Washington and how the capacity for people born into extreme poverty to move out of their situation is now harder than ever…