Class Warfare

And from The Nation. I’m shocked, shocked.

The whole saga is Dickens for the new millennium, but without the other half. So it’s up to us scolds at The Nation to point out the obvious. Simonyi might have spent his money fighting AIDS, or building housing for Hurricane Katrina survivors, or providing clean water to developing nations, or mosquito netting and medicine for malaria patients, or musical instruments for needy, photogenic, musically-gifted inner city school children or…well, depressingly, the list goes on and on. But picking on the follies of the rich is easy, and in this case, not particularly fun. Just think of the carbon footprint a Soyuz rocket leaves!

But the next time the bards of capitalism sing the praises of Warren Buffett, Bill Gates and the outstanding generosity of the mega-rich in the age of extreme wealth (and extreme poverty), I’ll trot out Charles Simonyi’s space odyssey as counter-example.

Indeed, Simonyi’s spending habits are a window into how the world’s wealthiest citizens consume and contribute. Worth about $1 billion, Simonyi’s no Scrooge McDuck. He’s endowed a chair at Oxford and funded the Institute for Advanced Study at Princeton. In 2003, Simonyi finished 23rd in the Slate 60, the annual ranking of largest American charitable contributions, when he gave $47 million to start the Charles Simonyi Fund for Arts and Sciences. But for each act of noblesse oblige, there’s an extravagance. In Simonyi’s case, not only is he the 5th space tourist ever, he also owns the world’s 39th largest yacht, which is so big that one could, as Power and Motoryacht Magazine tell us, “easily mistake her for a military vessel.”

Woe betide a rich person who doesn’t give enough of their money away to satisfy Mr. Kim. Somehow, for people like him, I don’t think that there is ever enough.

[Sunday evening update]

Mr. Kim is taking quite a(n appropriate) beating in comments, including one from frequent commenter here, Brian Swiderski, under the pseudonym “Space Duck.”