General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe World's Most Microscopic Tear Dept: "Why the Rich Don't Feel Rich".
http://finance.yahoo.com/blogs/the-exchange/why-rich-don-t-feel-rich-200600130.htmlCommenters howled, of course, deriding the discontented docs self-indulgence and making many predictable observations about materialism run amok. Its emblematic of the insane level of lifestyle creep that allows someone who makes $500k+ a year to feel not rich, wrote one reader, reflecting the sentiment of many others.
The anonymous doc, whom the site dubbed Jake Smith, acknowledged his own materialistic impulses. There is a palpable pressure to keep up with the Joneses, he said of the social demands in his affluent community, which is in the suburbs of a sizeable eastern city, according to Logan Sachon of The Billfold. Yet he also showed a degree of restraint, making do, for instance, with a 7-year-old Lexus when many of his neighbors drive brand-new Range Rovers. That doesnt exactly generate sympathy but it shows more self-awareness than the wealthy or caricatures of the wealthy are typically known for.
snip
Rather than attacking Smiths sense of entitlement, it might be worth reconsidering what it means to be rich in the first place. A lot of wannabe millionaires fantasize about a life in which they never have to worry about money at all. But that may be the very thing that leads to the gaudy behavior we find most appalling about the rich. A healthy dose of worry might help the wealthy remember how the other half lives, and even spend their money more like the 99 percent.
"Mo money, mo problems"???? PFFFFFFFFFFFFFFFFFFFFFT. I'd trade salaries with him in a fast heartbeat. If I was making that kind of bank, you'd never see me at a desk in 5-8 years. Like one of the wiser commenters said: "I didn't find the part of the article that said he was forced at gunpoint to buy three cars and a $1 million house."
liberal N proud
(60,336 posts)Please tell me the ways. No talking about the people they burned on their way to riches.
HughBeaumont
(24,461 posts)"Taxes on the rich are sure to get higher" . . .. GOOD. You know me, I'm for taxing their incomes until blood comes out of their ears. I'm pretty sure they'll be crying all the way to St. Barts in their private jets.
hobbit709
(41,694 posts)onehandle
(51,122 posts)HughBeaumont
(24,461 posts)Signature of Yahoo to write such an article in this unequal climate.
hobbit709
(41,694 posts)Initech
(100,081 posts)kestrel91316
(51,666 posts)when the rich faced an income tax tier of 90% on the top bracket of their "earnings".
Spoiled, entitled bastard. I hope he meets with misfortune and winds up like an average American. The shame would kill him, and then the world would be a little better place.
Courtesy Flush
(4,558 posts)By that do they mean spend every penny of their income on bills?
nadinbrzezinski
(154,021 posts)And a history one too...a few of the very rich of the Gulded Age spoke in similar terms.
grasswire
(50,130 posts)....finding that $17 million in assets is the point at which the rich feel rich. Otherwise, they still worry and scramble.