According to a Silicon Valley insider, the nouveau riche are buying up huge amounts of land so they can build private compounds to seclude themselves away from the general public.
Former Facebook product manager Antonio Garcia Martínez told the Telegraph that freshly minted tech-millennials have set up private groups on the social network where they can discuss the “pressing needs of the super rich,” including where to buy private aviation and “how to buy a bunch of land then put it in a trust so people don’t realize you’re amassing a compound and you can maintain your privacy.”
Martínez, author of an upcoming book about Silicon Valley, says that the higher ups at Facebook “have no sense of right or wrong” and act like ‘gangsters’.
“These companies are temples to the founders’ egos. You don’t even have that level of self worship on Wall Street,” he added.
It was recently revealed that Facebook CEO Mark Zuckerberg is building a 6 foot wall around his $100 million property located on the Hawaiian island of Kauai.
“The feeling of it is really oppressive. It’s immense,” Kauai resident Gy Hall told Time.
Elitists elsewhere have also been busy buying airstrips and land in remote areas of countries like New Zealand as an insurance policy against the chance of mass civil unrest and economic catastrophe.
Economist Robert Johnson said the rich were making such purchases “because they think they need a getaway” from Ferguson-style riots that will erupt as a result of widening wealth inequality, which it at its worse in virtually all developed countries since the 1980s.
As we reported back in April, a company called Vivos that builds luxury bomb-proof underground shelters said they were receiving a lot of interest from “high net worth individuals” who were looking to be protected from “the general public”.
“This is for wealthy people who are concerned about various disaster scenarios, but a common theme among them is a fear of civil unrest, a fear of an uprising from the 99%,” said journalist Lynn Parramore after visiting one of the facilities in Indiana.
Millionaires have also been fleeing from major cities like Chicago due to concerns over racial tensions and rising crime rates, while the wealthy are also installing panic rooms in their big city apartments for the same reason.