Comcast Introduces an Internet Plan for the One Percent

Comcast
Times may be tough for the Occupy Wall Street crowd, but it's never been a better time to be in the 1%. For proof, you need look no further than Comcast's (CMCSA) new "Xfinity Platinum Internet" product.

Boasting download speeds as high as 305 Mbps, "Platinum" tops Verizon's (VZ) fastest FiOS option by a good 5 Mbps. It's fast enough to download a full-length Hollywood movie in just a few minutes, or to move a song from ether to computer in mere seconds.

The catch? It costs $300 a month.

Granted, at this price Comcast doesn't expect to see customers lining up around the block to buy the service. Platinum is purely a prestige project, aiming to show that Comcast can beat Internet speed-demon Verizon when it wants to ... and when price is no object.

$300? What a Bargain!

Now, $300 might not be a problem for those in the 1%. Indeed, in announcing Platinum, Comcast billed it as being for only "the most-advanced digital homes" in the Northeast. And, in the tradition of offering extra hand-holding for the wealthy -- but not necessarily tech-savvy -- Platinum also comes with:

  • Free 24/7 tech support ("free" except for the 300 bucks, that is).
  • "Constant Guard™ Security Suite."
  • "A dedicated Personal Communications Consultant" -- presumably named Jeeves.

And that's not all. Crunch the numbers a bit, and you'll notice that 305 Mbps at $300 a month works out to about a buck a Megabit. That's not a bad rate if you buy your Internet access by the virtual pallet load. (Maybe Costco (COST) should try to get in on this action.)

Joe and Jane Ninety-Nine Percent, on the other hand, probably can't afford $300 a month, and have to pay retail for their Internet access -- and that'll cost them as much as $2 per Mbps -- and up.

  • $200 for a 105 Mbps plan.
  • $59-for-30 -- and even then, only if you sign up for TV or phone service.
  • $50 for 6 Mbps.
  • And a whopping $30 a month for just 3 Mbps, if you're on a non-XFINITY Comcast TV or voice plan.

Once again, the biggest discounts go to those who need them least.


Motley Fool contributor Rich Smith holds no position in any company mentioned. The Motley Fool owns shares of Costco Wholesale. Motley Fool newsletter services have recommended buying shares of Costco Wholesale.

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9 Comments

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mily469

the united states has one of the slowest internet speeds in the world and now you know why.

August 13 2012 at 9:51 AM Report abuse +2 rate up rate down Reply
cabinboy351

Why are people crying foul about charging more for better service? It cost more to provide, it is frustrating seeing every one wanting things for free. If you buy a truck load of anything you will get a much better price than buying a singe unit.

August 12 2012 at 4:36 PM Report abuse -2 rate up rate down Reply
Doug Scheflow 22

Why would the Motley Fool use such politically charge language on a business story, I can't stand this site anymore.

August 12 2012 at 2:56 PM Report abuse -1 rate up rate down Reply
democracks0

Rich people like the Obamas, you know 1%ers, will be happy about this.

August 12 2012 at 2:30 PM Report abuse -1 rate up rate down Reply
k4jlp

THE REPUBLICAN PARTY, THAT'S WHAT YOU GET.....HATE AND WAR MONGERS....

August 11 2012 at 6:28 AM Report abuse +1 rate up rate down Reply
1 reply to k4jlp's comment
democracks0

The democrooks wrote the book on hate. And as far as wars mongers go Obama said the war in Afghansitan is the good war and signed us up for 10 more years.

August 12 2012 at 2:29 PM Report abuse -2 rate up rate down Reply
ha6ai

The top "1%" of the most radical Obama-propagandists include HuffPuff ...

August 11 2012 at 5:20 AM Report abuse -2 rate up rate down Reply
ha6ai

More despicable fascist propaganda from the HuffPuff Obama echo-chamber.

Demonizing decent hard working Americans in order to create divisiveness and hatred. This is what Communists, and Fascists, and other totalitarians do.

We're supposed to resent and hate and despise "rich" people and love Obama? Now apply that to Oprah - LOL! How about your favorite actor or sports figure? Now extend that to people who make a small fraction of what they do, and tell America that the best and brightest and successful employers are your enemy.

Class-warfare is communism. Hatred and demonization of the rich is Fascism. Both are vile and un-American. Now put them together, and what do you get?

August 11 2012 at 5:17 AM Report abuse -1 rate up rate down Reply
1 reply to ha6ai's comment
isis

No one knows what communists do becasue there aren't any anymore and yes the top wage earners declared war on the middole class long ago as they sucked and ruined everything we had, and no they aren't the most hard working as a gourp.

August 12 2012 at 4:45 PM Report abuse +5 rate up rate down Reply