The TV Zone

What it's about: Those of us who struggle to pay our gas bill always look wistfully to the day when we can pay said bill, but tonight at 10, CNBC takes us into a world where something as picayune as $4.55 per gallon is as momentous as a molecule on a mote of dust on a mite's middle toe.

The world of super duper rich.

This hour begins with a Rolls show, and ends with the stark screen graphic that tells us the average salary is $26,323, but the 400 richest Americans are worth a total $214 billion which is more than the GNP of 149 nations. "Super Rich" is filled with such stats, and after a while they'll drift away from your plain of consciousness, as if they are just more numbers in a sea, nay, universe, of grandiose figures and outsize bank-rolls. Forty-nine thousand households have net worths of between $50 and $500 mill, and 125,000 between $25 and $50 mill. In 1985, there were 13 billionaires from sea to shining sea; now there are more than a thousand.

Millionaires are the mere middle class rich and barely merit inclusion here; this is the rarefied world of wealth, where a billion is a nice pile of peanuts, but you're only really interesting when your pile is up to ten billion. The show - narrated by vet CNBC reporter, David Faber - profiles many of these people and - my suggestion - bring your sunglasses because every one of them seems to have a taste for gold lame.

There's Tim Durham, who confides that it costs 23 grand to change a tire on his Bugatti (he's got 70 cars scattered about, each one worth more than your house, twice over...). There's Glenn Stearns, a poor kid from Maryland now worth - I think I heard the program right - $100 billion. Maybe $100 million. Whatever. There's Anthony Scaramucci, of Manhasset worth only $80 million; he seems like he's almost a pauper in this crowd. These are people who go on vacation to places like Parrot Cay (above) where a lousy room costs two grand a day. Many make their lucre from hedge funds, and in fact, it seems like most do.

Bottom line: David Faber is one of the best financial reporters on TV, maybe the best, as far as I can tell, so you start out with the assumption that this will be a well-told hour that's richly - pun absolutely intended - reported. It is. But like all pornography, wealth pornography starts to wear thin after a while, no matter how skillful or thoughtful the treatment. Faber and his producers, it seems to me, do just about everything right: They offer perspective, talk to the right people (including Ron Chernow, the National Book Award-winning author and biographer of J.P. Morgan), ask the right questions, and provide the requisite beauty shots. But still something is missing, and that is opinion. A subject like this, at a time like this, absolutely demands a moral, or ethical, perspective, which can be summed up in one question: Is such wealth RIGHT? Or does it represent a serious failing on the part of a nation where so very many are struggling each and every minute? Hedge funds? Only the most excoriated financial instrument since Teapot Dome, but most of these people seem to have earned their money this new-fashioned way, by profiting off of others' misfortunes. Is that right? I'm not sure, but I think a question is merited. Former Labor Secretary Robert Reich, in his Harvard days, used to rail against the paper millionaires who didn't actually make anything. Do THESE people? And if they don't, isn't there a question to be asked, to wit: Is this kind of wealth and iniquity good for the longterm health of the economy and the country?

This hour is fascinating - but I do wish it would have taken another hour to go deeper, and hit harder.

CNBC has had an interesting day thanks to a.) incredible stock run-up; and b.) Spitzer's red-light follies; and c.) Betsy McCaughey Ross and Charlie Gasparino.

First, this morning, Roslyn Height's own Ken Langone - who was one of the backers/founders of Home Depot - got off this poison arrow at New York's own Hot Pillow Luv Guv (and repeated on-air widely throughout the day: "We all have our own private hells. I hope his private hell is hotter than anybody else's.")

But a little less known is this amusing clip featuring CNBC ace correspondent (and former Newsday reporter) Charles Gasparino filleting former Lieut. Guv Betsy McCaughey Ross. It's quite a spectacle, and Betsy ends up in a total "well, I NEVER...!" (I think she said something like, "I have never seen anyone so rude...") All the other CNBC folks had to apologize and tell poor scandalized McCaughey, "that's our Charlie!" (Note to self: Be nice to Charlie, or never do on-air interview with Charlie...)