My dear sweet Jonathan I am not sure what lies beyond the great divide, I try to live a good life and I hope to die with honor. I am however sure of one thing. That is this. When you die you will be met by them and welcomed, the suicides, and the ones who chose to die slowly by bottle and by needle. And they shall take you in their arms dear Jonathan, and embrace you for all eternity.

Your friend,

Simon

PART FIVE

JUSTICE

“Look at your face. You look like a slave.”

—From “Amber Waves of Green”

Amber Waves of Green

As I drive along the Pacific Coast Highway into Malibu, I catch glimpses of cliff-top mansions discreetly obscured from the road, which is littered with abandoned gas stations and run-down mini-marts. The office building I pull into is quite drab and utilitarian. There are no ornaments on the conference-room shelves—just a bottle of hand sanitizer. An elderly, broad-shouldered man greets me. He’s wearing jogging pants. They don’t look expensive. His name is B. Wayne Hughes.

You almost definitely won’t have heard of him. He never gives interviews. He only agreed to this one because—as his people explained to me—income disparity is a hugely important topic for him. They didn’t explain how it was important, so I assumed he thought it was bad.

I approached Wayne, as he’s known, for wholly mathematical reasons. The same goes for everyone I meet for this story. I’ve worked out that there are six degrees of economic separation between a dishwasher making less than $8 an hour and a Forbes billionaire, if you multiply each person’s income by five. So I decided to journey across America to meet one of each multiple, to try to understand their financial lives and the vast chasms that separate them. Everyone in this story, then, makes roughly five times more than the last person makes. There’s a minimum-wage guy in Miami with an unbelievably stressful life, some nice middle-class Iowans with quite terrible lives, me with a perfectly fine if frequently anxiety-inducing life, a millionaire with an annoyingly happy life, a multimillionaire with a stunningly amazing life, and then, finally, at the summit, this great American eagle, Wayne, who tells me he’s “pissed off” right now.

“I live my life paying my taxes and taking care of my responsibilities and I’m a little surprised to find out that I’m an enemy of the state at this time in my life,” he says. He has a big, booming voice like an old-school billionaire, not one of those nerdy new billionaires.

“Has anyone said that to your face?” I ask him.

“Nobody has to say it,” says Wayne. “Just watch what they’re doing.”

“You mean the Occupy Wall Street crowd?”

“Those guys are a bunch of jerks,” Wayne mutters, giving a dismissive wave that says, “They’re just a sideshow.” “Politically I’m on the enemy list. And I’m not so naive not to recognize it. I’ve lived my whole life doing what I thought was right and now I’m an enemy of the state.”

Is he, though? It’s true that income inequality is a big campaign issue. Obama in a recent speech: “What drags down our entire economy is when there’s an ultra-wide chasm between the ultra-wealthy and everyone else.” Whereas Romney called Obama’s attacks on the super-rich, “the bitter politics of envy. I believe in a merit nation, an opportunity nation where people by virtue of their education, their hard work and risk taking and their dreams—maybe a little luck—could achieve great things.”

The reality, though, is rarely are enemies of the state treated so incredibly well. Their tax rate is at a seventy-year low. In the 1950s and 1960s, the top tax bracket paid more than 80 percent. It was 70 percent when Reagan took office, 39 percent under Clinton, and now, under Obama, it’s 35 percent. But the very, very rich don’t pay even that. By utilizing a variety of loopholes, like awarding themselves dividends instead of income, the four hundred richest Americans pay, on average, 18 percent tax.

Wayne won’t reveal exactly what he pays now that he’s at the top, but he’s happy to tell me he began at the bottom. “Have you read The Grapes of Wrath?” he says. “That was my family. My dad was a sharecropper in western Oklahoma. When the dust storms came and everything got wiped out, they came to California. The guys with the mattresses on the top of their cars in the movie? That was the way it was.”

They had nothing. His father got a job winding coils that went into refrigeration units. Wayne grew up in East Los Angeles, went to college, joined the navy, drifted around. For a while he worked for unglamorous-sounding businesses with names like the Frieden Corporation, but nothing stuck. He got married, had two children, and wasn’t thriving. He had to do something.

And then he had an idea.

Maybe “idea” is the wrong word. He had a realization about a very no-frills aspect of American life: “You could rent a storage unit out for more than you could rent an apartment out, and with none of the overheads.”

“How come?” I ask.

“Supply and demand,” he replies, shrugging. “People needed them and were willing to pay for them.”

This was 1972. He put a down payment on a building in San Diego and divided it into two hundred units. “After that, it was just building the units up, one at a time. For years and years. That’s all. You don’t get money unless you have a lot of talent, which I don’t have, or you work hard, which is what I do. We don’t have any golden touch here.”

“How many buildings have you got now?” I ask.

“Maybe twenty-three hundred,” he says. “With five or six hundred units inside each.”

Wayne says he never once stopped to contemplate the amount of money he was making. “I was just looking at getting the best locations I could and getting the buildings opened and getting the tenants and getting the cash flow and on and on,” he says.

“You never once thought, ‘This money is cascading in. I am worth FOUR BILLION DOLLARS?’” I ask.

He shakes his head. “I don’t spend any time at all thinking about my personal wealth. I suppose if I had nothing I might think, ‘I have nothing.’ But when we decided to go public and I saw how much money there was, I was very surprised.”

In 2006, Wayne was America’s 61st richest man, according to Forbes, with $4.1 billion. Then the recession hit and now he’s now the 242nd richest (and the 683rd richest in the world), with $1.9 billon. He’s among the least-famous people on the Forbes list. In fact, he once called the magazine and asked them to remove his name. “I said, ‘It’s an imposition. Forbes should not be doing that. It’s the wrong thing to do. It puts my children and my grandchildren at risk.’”

“And what did they say?” I ask.

“They said when Trump called up, he said the number next to his name was too small.”

When Wayne is in Malibu, he stays in his daughter’s spare room. His home is a three-bedroom farmhouse on a working stud farm in Lexington, Kentucky. “I have no fancy living at all,” he says. “Well. I have a house in Sun Valley. Five acres in the woods. I guess that’s fancy.”

I like Wayne very much. He’s avuncular and salt of the earth. I admire how far he has risen from the Grapes of Wrath circumstances into which he was born; he’s the very embodiment of the American Dream. I’ll return to Wayne—and the curious way he views the world—a bit later.