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Jewish World Review Millionaires are a dime a dozen By Jim Mullen http://www.JewishWorldReview.com | A penthouse in Manhattan just sold for $90 million, which broke the record set last year when the 22-year-old daughter of a Russian billionaire spent $88 million on a Park Avenue pad that she plans to use during the few weeks a year when she's in town. (It's still hard for me to say "Russian billionaire" after years of thinking of Russia as a place full of empty, government-run stores where toilet paper -- if there was any -- was a luxury item.) In other big real estate news, someone bought a parking spot in the garage of a Manhattan building for a million dollars. They're kidding, right? Who's going to believe that someone who can blow a million dollars on a parking spot has only one car? Even I have two cars, and I'm only, oh, a million dollars shy of having a million dollars. One of my cars is 9 years old; the other is 7. But I'm not jealous. This guy is obviously one of those people the news media now call "job creators." If only we would lower his taxes, this guy could afford to buy two million-dollar parking spots and buy another car. That's how you create jobs. When you and I buy a car, jobs are not created because we're not rich. But when a rich person buys a car, tons of jobs are created. That's why we all have to chip in and lower taxes for the wealthy. Why is that so hard to understand? What kind of car would someone park in a million-dollar parking space? A Ford? A Chevy? No, it's probably one of those expensive European cars. Maybe a Porsche or a BMW. No, even that won't cut it. If you're spending a million dollars on a parking spot, you're probably driving one of those million-dollar cars like a Maybach or a Ferrari or a Lamborghini. Which would create a lot of manufacturing jobs -- in Europe. Of course, a lot of people think you'd be crazy to own a car in a place like Manhattan. You can walk faster than you can drive there. You need a car in Manhattan like you need a rowboat in the Sahara. Then again, a lot of people think you're crazy if you walk in Manhattan. It's a lose-lose situation. Think of the wear and tear on the vehicle. How many times do you have to hear, "Yo, buddy, it hurt my hand when I opened the cab door and dinged your Masarati. I'd sue you, but I'm in a hurry!" before you stop taking the car out of the garage at all? Everybody knows parking is expensive in Manhattan. I was there on business last year and parked in one of the many underground garages. It was $5.95 for the first half-hour. Three hours later, I paid the $25 bill (plus $2 tip) and headed for home. As I pulled out of the garage, I saw a sign for another parking garage right across the street. It charged only $5.94 for the first half-hour. Free-market competition like that keeps parking prices low, low, low. Still, if you lived there, you could park your car at many parking garages in Manhattan for a monthly rate of $500. As outrageous as that may sound to the normal homeowner, it still is a deal compared to spending a million on a single parking spot. There used to be a show on TV in the late '50s called "The Millionaire." A character named Michael Anthony would show up at someone's front door and hand the shocked residents a cashier's check for a million dollars, tax-free, from reclusive gazillionaire John Beresford Tipton. There was one stipulation: They could never say where they got the money. Back then, a million dollars meant something; it could change your life. You could buy houses and cars for your friends and family. Now it buys you a parking space for a car you will rarely, if ever, use. Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here. Comment by clicking here. Jim Mullen is the author of "It Takes a Village Idiot: Complicating the Simple Life" and "Baby's First Tattoo." Previously: What not to name the baby Technology is a wonderful thing -- when it works A bad case of the wedding bill blues Of cupcakes, teenage moms and crazy nuptials FOOD FIGHT! Rolling Stoned Caterwauling over death of books is premature Ask your doctor if this column is right for you Could shopping be any more inconvenient? Thanks for the lack of memories Help wanted: Teenage life coach with all the answers Sorry, wrinkles are not legal proof of age Dead mice tell no tales GOING PAPERLESS -- PRICELESS! Should bad behavior be rewarded? The perplexing problems of the rich and famous Do these glasses make my gut look big? More expensive by the dozen In one year and out the other Thank heaven it's Black Friday Planning for the long term ---- tomorrow READING THIS WILL MAKE YOU THIN AND HAPPY! The Seven Secrets of Success It's tough living off the gridIt's tough living off the grid How not to clean the houseIt's tough living off the grid The yellow badge of cowardice Any way you slice it Home sweet homeschooling Don't Head for the Borders Money ball Golf and death go hand in hand Tune in, turn off, unplug The radar curtain Is Steve Jobs clouding my privacy? The gift of garbage Johnny Intern, Ph.D. Twenty-foot fences make good neighbors You must remember this… TV experts and real news Hey caller, where's the fire? My sad cushy life Pacemaker, don't you mess around with me Big Brother is skinny Flight of the snowbirds This HDTV needs child support Dear Future: Where's the dome? Not so elementary, my dear Watson A vacation revolution Your call is very unimportant to us Life: There's no app for that Bam! Practical kitchen magic Poisoning myself Ban Huck Finn in schools --- even the sanitized version! $38,000 for traffic and weather updates 2011 Predictions: Nostradamus was a hack 2010: A year of annoying junk Why do bad things happen to stupid people? Moving on from movie theaters Money never sleeps, but it does pass out President Trump kept it classy Stalking your college kid won't change a thing Putting my life in ‘Jeopardy’ Mo' government, mo' problems iLostIt Dressed for excess Expert tease The mysteries of Jersey ‘You are a toilet, where am I?’ Don't we all cheat at the game of life? What happens when I forget where Google is? Don't let the doorman hit you on the way out Picasso fiasco Purple (hair) ‘Daze’ Let me hear your body talk Working from work Babies deserve clean restrooms, too 3-year-old bear-killers are a thing of the past Money-making ideas on the fly Collecting and hoarding Chain of fools Please come pick up your acting awards, ESPN commentators, you've earned them You've been superpoked by the U.S. gov't e-Readin', e-Writin' and e-Rithmatic A pose by any other name Warning: Column contains 2010 spoilers ‘He loves only gold, only gold’ Think about direction, wonder why … Flushing your money down a diamond-studded toilet More like ‘wack’ Friday The good, the ad and the ugly The desert of the real Let books be large and in charge I was insulting people way before the Internet GPS drill sergeant: Left, right, left! Butterfly in the sky, you make winds go twice as high Music to my ears it's not You don't light up my life Fair or not: Country living is far from ‘Little House’ A parable for the ‘ages’ Top 100 Cable news stories of the century Green dumb A developing story Thinking outside the lunch box What's good for the goose is good for the scanner Newspapers will survive, but network TV? A really big show of generation gaps When pigs flu The reports of our decline have been greatly exaggerated Mergers and admonitions Invest in gold: little, yellow, different Stuck in Folsom Penthouse Collecting karma Setting loose the creative ‘juice’ It's all in the numbers You're damaging your brain with practical skills The real rat pack The unspeakable luxury of the Park-O-Matic Gross-ery shopping © 2009, NEA

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