The ultra-rich do their part to help the economy

"As the country tightens it's belt, Britain's super rich - the 1% of the 1% - are spending like never before. Why? Because someone has to ...
The yachts, the mansions, the handbags are so much more than decadent fripperies. They plough hundreds of millions into the British economy, employing thousands. Listen to Roxburgh, the triumphant party organiser of 2011: “One very charming client said to me that she viewed entertaining as the new philanthropy. She said: ‘I know that if I spend hundreds of thousands on an event, I am not just entertaining my guests, I am paying the mortgages of everyone working there. I could keep the money in the bank, helping nobody. At least this way I know the florist is feeding his children.’ ”
--http://www.telegraph.co.uk/finance/recession/9025468/The-recession-deniers.html