PrestoPundit

EAST HAMPTON — POSTER CHILD OF AN AMERICA DOMINATED BY THE SUPER RICH.

Posted by PrestoPundit on 08/11/2008

Here’s the America the Super Rich are working to shove down our throats:


A town with a huge concentration of wealthy summer residents is deeply in debt. Just like America.

East Hampton, one of the main towns on the eastern end
of Long Island that make up the Hamptons, is burdened with a deficit
that could exceed $12 million. And that has become a rich source of
irony, given the community’s spectacular wealth and its concentration
of Wall Street money-management talent.

The United States as a whole has a deficit of about a half trillion dollars.

East Hampton has a demographic profile that billionaires love. Half
the workers are illegal immigrants below the poverty line. The wealthy
are getting domestic help as cheap as it can come within the borders of
America.

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