Sunday, April 22, 2012

Distributing the Wealth - January 2012


How are we doing on income distribution? To look at 2011 luxury car sales, it hard not to get the impression things are moving in the right direction for the 1%. Bentley sales were up worldwide by 37% in 2011, 32% in the U.S with just over 2000 sold. Mercedes reported its best sales year ever, with an increase of 17.5%. BMW was up by 14.9%, its second best year ever in the U.S. December 2011 was the strongest month for several manufacturers, a good sign for 2012.

Except for some low end (but very cute) two-seater models of the BMW, none of these cars are made in the USA, so they fit nicely with the Republican philosophy that job creators – people who buy luxury cars – are doing their part regardless of the country the job is created in.

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