pafret Loc: Northeast

“The Trouble with Wealth”


“The Trouble with Wealth”
by Bill Bonner

“We have been writing a series titled "Homage to Poverty." Our mission was not to encourage readers to give away their worldly goods and wander the globe, depending on the kindness and alms of strangers. We are just trying to put wealth in perspective. We wanted readers to know what they were getting into.

We've already addressed two of the three most important questions in life: What do you do? And where do you do it? Does having money help you do what you want? Sometimes. Other times, it just gets in the way. Does it help you live where you want? Maybe, but it has a way of luring you to places that you may not want to live at all – such as big, empty, monumental houses in sterile, dead communities where your neighbors – like you – are rarely home. That is the trouble with rich neighborhoods. The people who own the houses are not there. You look out your window at night and you see streets and houses that are empty. You lose the coziness that you really wanted from a real home and a real community; once you have given it up, it's hard to get back.

Before we take up the third question, let us pause a minute and wonder why we thought we wanted wealth in the first place.

"On the Job": In our case, the question never arose. It was as if some programming set us to work at an early age. From then on, we were "on the job." We got to work at 8 a.m. We kept at it until 8 p.m. There was no magic to it. No genius was required. After 30 years of this, things started to fall into place. We never became super wealthy by today's standards. But compared to where we began, we feel plenty rich enough.

We grew up in what would barely qualify as a "shack." So we've always been a little nutty about houses. During our entire career we were either building one, renovating one, or planning another one. Now we have more than enough. Like everything else in life, wealth responds to the law of declining marginal utility. A little is a good thing; a lot is less useful and may even reduce your quality of life. A little house can be charming and delightful; when you have several large houses, on the other hand, you can become tired of painting shutters and fixing toilets.

But why would we be programmed to seek wealth, if it really doesn't do much for us? Ah, dear reader, we're so glad you asked that very good question. Because we have a very good answer. We are programmed by millions of years of natural selection to chase material success. This may be simply because life was such a close run for so many years; we needed to take advantage of every opportunity to increase our wealth (probably in the form of calories) or our entire species might die out.

The Selfish Gene: We also use wealth (and power; the two are closely related) as a way of advertising and proving that we are worthy mates. Men drive big cars, and buy big houses, simply to signal that they are successful. This makes them attractive to women. The woman believes that the man has the kind of genetic material she wants in her children. The man believes he has won an admirer, thanks to his sparkling wit and warm personality, who also will bear him children. The two get together and the world spins around.

It is not that simple. Nothing in human affairs ever is. But as near as we can tell, we humans are programmed by nature to seek wealth, far beyond what we really need to survive. Perhaps it is a survival strategy: By trying to get as much wealth (calories) as possible, we end up with just enough. Perhaps it is a mating strategy: Wealth illustrates suitability. Or perhaps wealth is a way of gaining love and respect. It's as though our achievements, in themselves, make us more worthy.

These considerations are not considerations at all; people are largely unaware of them. Rarely does a person consciously seek riches so his mother will approve of him. Rarely does a man make his investment decisions expressly so that he will be able to dump the "ol' girl" and get a trophy wife. And it is the uncommon woman who finds a senator more attractive than a carpenter simply because she wants children who are more likely to get into Harvard.

But the selfish genes have their own goals in life... and their own strategies. They give meaning to things that mean nothing to us otherwise. Without them, the value of money disappears. Without love, wealth loses its sex appeal. And without sex, all the busing, schlepping, and sweating that we do to get wealth is pointless. The rat race stops... along with the race itself."
- http://www.thedailyreckoning.com
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Which, for reasons unknown to me, suggested this...

“Richard Cory”
by Edwin Arlington Robinson

“Whenever Richard Cory went down town,
We people on the pavement looked at him:
He was a gentleman from sole to crown,
Clean favored, and imperially slim.

And he was always quietly arrayed,
And he was always human when he talked;
But still he fluttered pulses when he said,
"Good-morning," and he glittered when he walked.

And he was rich - yes, richer than a king -
And admirably schooled in every grace:
In fine, we thought that he was everything
To make us wish that we were in his place.

So on we worked, and waited for the light,
And went without the meat, and cursed the bread;
And Richard Cory, one calm summer night,
Went home and put a bullet through his head.”