The Problems of the Wealthy

[SHMIV]

An article which showcases wealthy people who are ashamed of their wealth, yet are disinclined to give it up:

http://nypost.com/2017/08/20/why-rich-n ... privilege/

I never have had a problem with the rich. At my poorest, the fact that wealthy people exist never bothered me. Actually, I found it reassuring; wealthy people seem to be inclined to pay people to do stuff for them. And, I know how to do stuff. Thus, rich people equals potential employment for me. Also, if I'm associating with the wealthy folk, then I may be able to pick up some good pointers on successful living and wealth accumulation. Besides, outside of the notion that they may pay me to do something for them, their wealth has zero to do with me, regardless of whether they inherited a fortune or made a fortune. Not my business. I'm happy for them.

I understand living humbly, and beneath ones means. I've known plenty of people that do that, and they are frequently good people. But, these people interviewed for this article; they are not humble. They are selfish and hypocritical. If their wealth was truly that bothersome, they would simply give it away. They can give it me, actually. Clearly, I will appreciate it more than they do.

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[kelu]

That's how communism comes.

[WRW]

I'd be willing to bet that few, if any, of the subjects in that book ever thought of themselves as being in the top 3% of income earners and, when confronted with that fact in a derogatory fashion, felt a need to justify their position to a stranger. I could be wrong, though.

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[Reverenddel]

The only issue I have is when they raise their kids wealthy, and those kids reject the ideals that gave them that good fortune.

It wasn't COMMUNISM that made your parents wealthy....
... Stop putting down CAPITALISM!

[Ironbear]

What a "boo hoo" session that was!

Robert, a participant who sells real estate, admits that for this reason, some couples prefer to be gentrifiers, even when they can easily afford the more expensive neighborhoods. “My niche would rather buy [a home] in a bad neighborhood, because they want to show their kids a good example,” he says. “And they want their kids to have everyday good examples of people and people’s lifestyles and [to know] that not everybody has as much as we do. But their kids will go to private schools.”

So.... instead of "keeping up with the Joneses", they choose to be the "Joneses", and run the poor folk out of their neighborhood by driving up property values?

[Jakeiscrazy]

What a "boo hoo" session that was!

Robert, a participant who sells real estate, admits that for this reason, some couples prefer to be gentrifiers, even when they can easily afford the more expensive neighborhoods. “My niche would rather buy [a home] in a bad neighborhood, because they want to show their kids a good example,” he says. “And they want their kids to have everyday good examples of people and people’s lifestyles and [to know] that not everybody has as much as we do. But their kids will go to private schools.”

So.... instead of "keeping up with the Joneses", they choose to be the "Joneses", and run the poor folk out of their neighborhood by driving up property values?

Or they live below their means and perhaps prioritize their kids education over living in the nicest area.

[WRW]

What a "boo hoo" session that was!

Robert, a participant who sells real estate, admits that for this reason, some couples prefer to be gentrifiers, even when they can easily afford the more expensive neighborhoods. “My niche would rather buy [a home] in a bad neighborhood, because they want to show their kids a good example,” he says. “And they want their kids to have everyday good examples of people and people’s lifestyles and [to know] that not everybody has as much as we do. But their kids will go to private schools.”

So.... instead of "keeping up with the Joneses", they choose to be the "Joneses", and run the poor folk out of their neighborhood by driving up property values?

Or they live below their means and perhaps prioritize their kids education over living in the nicest area.

LOL! I missed that. Yes. Realtors look at income and expect the purchaser to buy at the uppermost limit that that income will afford, anticipating higher commissions for themselves. There could be any number of reasons (that would not, necessarily, be shared with the agent.

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