In an era of flat real wages many families live beyond their means to help and
rescue their children, and this is a fact many of us are living. So I found the
writer's views useless and beside the point. And of no help to me in the
life I lead.
re: PDG2013Actually, Money is nice as its gives one options and
Per the article "This story teaches a valuable lesson about moderation in
consumption and desires."True. I read somewhere TV whether its
commercials, shows like Pawn stars, Storage wars yada yada yada makes us feel
inadequate and/or that we need to compensate with stuff.
I always like the line from a Bryan Adams tune: 'they say the best things
in life are free but if you don't pay then you don't eat'. It
always put the sentimental side of that equation in perspective for me.
Money doesn't buy happiness but it can relieve a lot of suffering.
If you read his profile, you will see that Mr. Hoffmire is a long time
investment banker who is undoubtedly a 1 percenter and quite likely to be a .01
percenter. I am sure there are plenty of hedonic treadmill runners among his
income tax bracket judging from the soaring sales of luxury items. But sales are
dropping at big box discount stores like Wal-mart, suggesting that the rest of
us are on a subsistence treadmill and are struggling to stay in place. Much of
the reason for this is because of the efforts of investors like Mr. Hoffmire to
steer as much as possible of the fruits of labor to executives and stockholders
and as little as possible to the actual laborers.
So is this article saying we should be happy being poor?I wonder if
the good professor lives on the American median family income of around $50,000.
and is content to seek solace in exercise and religion?