That logic seems convoluted. I still don't know exactly how
rich is defined. Is it the person that can borrow billions? The
person who has no debt?
This is a ridiculous, apologist article. If the one percent don't feel
rich when their incomes have been rapidly rising, then what must the 99% feel
like when they've had stagnant or declining wages.
Should we all weep for the unfortunate millionaires who can enjoy the things
that the rest of us can only dream of because they can't have even more?
Happiness is not having what you want. Rather, it's being satisfied with
what you have.
Most likely, they are comparing themselves with people who are even wealthier
than they are.Human nature.
As ex-NBA center Patrick Ewing said when questioned why he was in distress
because of the NBA strike, "Professional basketball players need a lot of
money because they spend a lot of money." It's not a compelling
argument for either professional athletes or the 1%, who are often one and the
I'm not sure what the exact measurement that makes one in the 1% or not? Is
it one's income level for the current year, or it is accumulated assets?
Some people may have a high income this year, but only be able to sustain that
for a few years. Many athletes may make $500K to $1M but only have a career in
that for a couple of years.Many in the 1% are small business owners
who may be having a few good years, but know that they are just a mistake or two
away from losing it all. Taxes, insurance rates, and regulations are constantly
eating into profits. The recent recession wiped out a lot of wealth among those
in the 1%. Some recovered, others didn't.Although having a
couple million $ may be much better than what the average person has, it
doesn't mean that you are on easy street for the rest of your life. Now for
the billionaires...that is another story.
Is society suppose to feel sympathetic that the 1%, those who make more than
~400K /yr, because they don't have the income live an even more lavish
lifestyle? Ha, ha, ha. Adjust your lifestyle, the opulence the rich enjoy is
more than the 99% of the world enjoys.
I'll get out my violin now...
Seems most of the commenters didn't read the article. The bottom of the 1%
don't feel rich because they don't make enough money to stop working.
It's not that hard to understand. You're not truly "rich" if
you have to keep working (for many one percenters, 60-100 hours a week). Even
if they get rid of the nanny, the nice car, and the private schools, they still
can't stop working. So in that sense they're exactly like the middle
Pro athletes get paid plenty, no question. I can, however, generate a little
sympathy for them because their peak earning years come early in life, and are
few compared with others we think of as "rich".
Come on somebody, anybody...define rich.
Being happy and being rich are two different things. What is sad is that many
get confused about the two.Having lots of money does not mean one is
happy. Being happy does not mean one is rich.I do not have a problem with
anyone working hard and making lots of money, as long as it is an honest
work.What I do think is wrong, is when someone works very hard and others
who do not work as hard, complain about the money that the one who works hard
makes.That being said, happiness comes from complying with true principles
and if that person has an excess, good for him, for he will likely give a lot of
it away to help others.
informed,Working hard and making a lot of money are also two
different things. There are certainly those that work hard that make a lot of
money, but there are those who work hard that don't make a lot of money.
There are those who where born on third base and don't have to work hard,
and there are those like hedge fund managers who produce nothing, manipulate a
system with other peoples money and make a lot of money.We should
not glorify nor demonize a person simply based on the size of their bank
account. The more important question is what have you done with the gifts you
have been given to make this world a better place.
The problem with "rich" is that it's comparative: Economics is
ultimately a matter of managing scarcity, which exists no matter how much you
make or are worth. As outlined in the article and by other
commentators,"rich" people face many of the same difficulties and
problems other people do, just on a different economic scale. As difficult as
things may seem for someone not making much living in the United States, a
person from many other countries, even considered "rich" in that country
would scoff at the indecency and insatiability of people who have phones,
refrigerators, and air conditioners considering themselves "poor".
Meanwhile there are people who have literally nothing but the clothes on their
back but who would sacrifice even that to help another in somehow more need than
them.I think Fred44 said it best. In addition, economics and
production are not a zero-sum game; rather than fume at "rich" people
for being rich(which -does not- preclude my becoming rich), I would think it
more prudent to work, seek education, and set myself and my children up for what