Mark Blyth, an economist at Brown University, has long told the world’s super rich that they simply cannot continue holding this level of wealth indefinitely. Referencing the ultra-wealthy area of Long Island, he said, “The Hamptons is not a defensible position. It’s a low-lying beach. Eventually people will come for you.”
Although the government of New Zealand has passed laws meant to disincentivize the foreign buying of domestic properties, the practice continues. The new range of luxury private bunkers are dug deep underground in the countryside and are covered with earth, the point being that even neighbors will have no idea that they are there, let alone the general public. Prices tend to start around $2 million and can reach up to $11 million for units that include luxury bathrooms, gun ranges, and swimming pools. – Dr. Stuart Bramhall post
My earlier posts on bunkers in 2017 HERE
It appears that the billionaire class, rather than giving away some of its wealth, is attempting to find a technological fix to this problem. “Obviously the coronavirus is making people realize how vulnerable we all are, but what people are really concerned about is the aftermath,” said Vivos’ founder, “They don’t want to have to defend their homes when the gangs of looters or marauders show up.”
You might say we all knew this. We knew a few years ago that the super elite would imagine they would be safe in a bunker somewhere. Someone joked to me, “We will hit those bunkers first” – obviously this will not end well.