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Evan Osnos

๐Ÿ‘ค Speaker
119 total appearances

Appearances Over Time

Podcast Appearances

Today, Explained
The billionaire backlash

In other words, if you keep yourself out of sight, then you stand less chance of attracting public outrage or attracting the taxman.

Today, Explained
The billionaire backlash

But these days, the style has changed.

Today, Explained
The billionaire backlash

The mores have changed.

Today, Explained
The billionaire backlash

You see the kind of wedding that Jeff Bezos is having in Venice, which is kind of visible for the whole world to see.

Today, Explained
The billionaire backlash

Or take, for example, the world of the superyacht.

Today, Explained
The billionaire backlash

These are machines that are, in a sense, the most expensive objects that humans have ever figured out how to own.

Today, Explained
The billionaire backlash

These are the giant super yachts that cost about a half a billion dollars in some cases.

Today, Explained
The billionaire backlash

And I think there are also ways that people are figuring out how to spend their money that simply were not possible a generation ago.

Today, Explained
The billionaire backlash

It used to be if you had a huge amount of money and you wanted to see your favorite artist, you might โ€“

Today, Explained
The billionaire backlash

buy a front row ticket at the arena or maybe a skybox.

Today, Explained
The billionaire backlash

Now people have so much money, as one musician put it to me, he said, now people can afford to have the Foo Fighters come to their backyard on a Thursday.

Today, Explained
The billionaire backlash

And you see pop stars are now available for hire, whether it's the biggest names in the world like Beyonce.

Today, Explained
The billionaire backlash

or just about anybody you want.

Today, Explained
The billionaire backlash

One thing that's very clear now is that the numbers have gotten so big that people are actually struggling to figure out how to spend it.

Today, Explained
The billionaire backlash

I spoke to a consultant who works in the yacht industry who caters to what he himself calls the bored billionaires.

Today, Explained
The billionaire backlash

And he said, look, I can come up with ways of people spending their money that they didn't know was possible.

Today, Explained
The billionaire backlash

So he'll build a restaurant, for instance, on a sandbar in the Maldives and it'll be made out of 3D printers and they'll have dinner together and then it'll be washed away and nobody will ever be able to eat in that particular place in that way again.

Today, Explained
The billionaire backlash

That, he said, is the kind of thing that you eventually end up spending your money on once you've bought everything else.

Today, Explained
The billionaire backlash

Well, historically, Americans have actually been more...

Today, Explained
The billionaire backlash

permissive, more accommodating of inequality than other countries.