How to Party Like a Billionaire Financier With a 15% Tax Rate

A full moon rises over the Hamptons as the crocs come out to play. By Lynn Parramore, August 22, 2011, Re-posted from AlterNet

While the world economy trembles and their fellow Americans face blown-up 401Ks, foreclosure threats, and fruitless job searches, financiers are embracing our current feed-the-rich/screw-the-rest mentality with renewed zest.

The NYT reports that last Saturday night, in the fabled NYC frolicking ground of Southampton, billionaire financier Leon D. Black threw himself a jaw-droppingly expensive 60th birthday bash. Two hundred well-heeled guests reclined on cushionsSatyricon-style nibbling seared fois gras as Sir Elton John — earning a cool million bucks  — sang ‘Crocodile Rock.’ Joining this Reptilian Cotillion were Martha Stewart and fashion designer Vera Wang, who partied alongside some of Wall Street’s most notorious denizens, including junk-bond pioneer Michael Milken, Blackstone’s buyout king Stephen A. Schwarzman (who became a symbol of greed when he threw his own $3 million b-day bash back in bubblicious 2007), and Lloyd “God’s Work” Blankfein of Goldman Sachs.


image source: AlterNet

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