RICH TOWN - POOR TOWN
Rich kids exploiting the poor….nq
“There really are two Hamptons,” said McGintee’s predecessor, Jay Schneiderman. “The disparity between rich and poor is probably unmatched anywhere in the world. You have the heads of multinational corporations, billionaires, but of the year-round population, half the work force are undocumented immigrants living below the poverty level.”
EAST HAMPTON, N.Y. - The social calendar is still a whirl of glamorous lawn parties, wine tastings, gallery openings, beach get-togethers and gala benefits in the Hamptons, the summer playground for the millionaire Learjet Set. But down at Town Hall, the local government could use a handout.
East Hampton, one of the main towns on the eastern end of Long Island that make up the Hamptons, is burdened with a deficit that could exceed $12 million. And that has become a rich source of irony, given the community’s spectacular wealth and its concentration of Wall Street money-management talent.