Slashdot Mirror


Wealth Therapy Tackles Woes of the Rich

HughPickens.com writes: Jana Kasperkevic writes in The Guardian that it can be very stressful to be rich. "It's really isolating to have a lot of money. It can be scary – people's reaction to you," says Barbara Nusbaum, an expert in money psychology. "There is a fair amount of isolation if you are wealthy." According to Clay Cockrell, who provides therapy for rich, this means the rich tend to hang out with other rich Americans, not out of snobbery, but in order to be around those who understand them and their problems. One big problem is not knowing if your friends are friends with you or your money. "Someone else who is also a billionaire – they don't want anything from you! Never being able to trust your friendships with people of different means, I think that is difficult," says Cockrell. "As the gap has widened, they [the rich] have become more and more isolated." Sci-fi author John Scalzi has published an entertaining take-down of the cluelessness in this article.

26 of 444 comments (clear)

  1. Why the fuss? by wooppp · · Score: 5, Insightful

    If the simplest solution is to donate all your wealth?

    1. Re:Why the fuss? by Anonymous Coward · · Score: 3, Insightful

      Wouldn't it be easier for them to just buy a bunch of friends. Then they wouldn't need to wonder if their friends are friends with them or their money.

    2. Re:Why the fuss? by Anonymous Coward · · Score: 3, Insightful

      No. Because he isn't wealthy and doesn't have that problem. So the questions remains: why not donate all their wealth? Problem solved. This Clay guy is just another guy making money off the rich, along with "executive coaches", etc.

    3. Re:Why the fuss? by Barsteward · · Score: 4, Insightful

      the rich know nothing about the real stress, rich people's "stress" is just a fake situation. Not knowing if you have enough money to feed your family each day is real stress.

      --
      "The hands that help are better far than lips that pray." - Robert Ingersoll (1833-1899)
  2. Nonsense by TheRaven64 · · Score: 4, Insightful

    Someone else who is also a billionaire – they don't want anything from you!

    Anyone who claims that has no understanding of the psychology of the majority of billionaires. See Carly Fiorina and her 'good friend' Steve Jobs for an example. If you're a billionaire, then other billionaires are the ones that have the most of what you value and therefore the best targets. Stealing from the poor is far more effort - you need to steal from loads of them.

    --
    I am TheRaven on Soylent News
    1. Re:Nonsense by meerling · · Score: 4, Insightful

      Education, public roads/highways, power system infrastructure, water systems, communications systems (yes, the government made that happen), communication standards, and so many other things that you use every day.
      I think you need to partake in a bit more of that 'education' thing, because you are sounding like a repligoon who built a business using government business loans that requires use of the government created infrastructure to function and yet claims you did everything yourself without any help from the government.

  3. Easy, make them less rich by badger.foo · · Score: 5, Insightful

    Most societies would be more than willing to help ease the terrible burden of an abundance of assets. Raising the taxes on high incomes and capital gains would help reverse the Reagan-era onwards trend of wealth redistribution towards the higher income and wealth segments of society. We now know that wealth did not start trickling downwards, and grownups need to step in to correct the mistakes.

    --
    -- That grumpy BSD guy - http://bsdly.blogspot.com/
    1. Re:Easy, make them less rich by Trachman · · Score: 2, Insightful

      You are right, wealth did not start trickling downwards, just as Obama predicted.

      Rather than salivating about raising taxes on rich, there is much easier solution. Much much easier to understand and execute. Stop collecting taxes from the poor and middle class. I would say middle class family is the one which earns less than $300K.

      Reduction of the tax burden for the little man and middle class would be felt and would appreciated much more than increase of taxes for super-rich.

    2. Re: Easy, make them less rich by kenaaker · · Score: 2, Insightful
      Let them go.

      When they leave, their economic niche will be open for someone else to occupy. Lather, rinse, repeat, until you have the economic niches filled by people who understand that they're part of a society, not parasites.

    3. Re:Easy, make them less rich by ultranova · · Score: 4, Insightful

      Isn't letting people keep the money they earned, regardless of their income level ALWAYS going to be better than taking it away and giving it to the government?

      No, because this way I don't have to spend time shopping for a private army to protect me, and know I won't starve to death even if I were to lose my job.

      --

      Forget magic. Any technology distinguishable from divine power is insufficiently advanced.

  4. Try being poor by Vasheron · · Score: 4, Insightful

    If the rich feel that being wealthy is too stressful, maybe they should try being poor instead.

    1. Re:Try being poor by Anonymous Coward · · Score: 3, Insightful

      This attitude is precisely why rich people don't want to be around poor. The human mind is pretty strange, because even when everything seems good by pretty much any conceivable metric, you still typically have stuff you worry and need to talk about. It won't help if someone just dismisses all of it as non-issues.

    2. Re:Try being poor by Cederic · · Score: 4, Insightful

      I think the rich don't want to be around the poor because of their preconceived notions about the poor.

      I think that's total bullshit.

      I'm not rich (to that level) and I'm aware that my relative wealth makes my unemployed friends uncomfortable. They don't resent it, they don't think I flaunt it, they're just painfully aware that I can (and am happy to) take them to a sodding good restaurant and pay for everyone's meal.

      They don't want or like charity. They can't reciprocate. So do they refuse to dine out with me, take on an expense they can't afford, feel shit about themselves by letting me treat them or force me to compromise my own lifestyle to fit in their budget?

      These are friends so we find ways to compromise in which everybody stays happy, but even the gap between 'well paid' and 'unemployed' causes social frictions.

      Is it so hard to imagine that someone with 'never work again' levels of wealth has the same challenges even with their own friends?

      Now add in the people that have no integrity, no self-esteem, high levels of greed and no compunction about pretending to be a friend purely to enjoy a lifestyle they can't personally afford. Sure, you know your existing friends aren't like that, but what about new people you meet.

      It's easy (ish) to build positive relationships with your socio-economic peers, but there's a ton of material - fictional and otherwise - out there that explores the challenges around bridging those tiers.

  5. Even rich friends are often not your friends... by Anonymous Coward · · Score: 5, Insightful

    Another problem is that if you ever lose your wealth, you tend to lose your rich friends too. Other rich people might not be your friends because of the money, but because they're essentially just networking in order to get business opportunities. When you lose your wealth you become useless to them. I've personally noticed that the only real friends you have tend to be the ones you found in college. You might find a few from high school too.

  6. Problems are problems by 91degrees · · Score: 5, Insightful

    So, other people have their own problems. I bet you still complain when you stub your toe even though there are people with no feet.

    Giving away money isn't the solution, any more than chopping your foot off solves the foot issue. You can't buy yourself out of the feeling people are judging you.

  7. Out of the box idea by Nidi62 · · Score: 4, Insightful

    Don't drive around in Bentleys, Lambos, or those ugly as sin Mercedes SUVs. You don't need a 10,000 sq ft, 6 bedroom house when you have no kids. Live comfortably but not showy and don't advertise the fact that you are loaded and you won't have the problem of wondering whether people are only interested in your for your money because no one will realize you have money. But therein lies the problem: most of these people WANT others to know they have money.

    --
    The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
  8. Not too surprising by Mycroft-X · · Score: 5, Insightful

    This is true all over. How often do posters on this site kick back and have a beer after their friends come home from their job on the lawn service crew, or as an auto mechanic? Are most of your friends in technical positions? Do most of your friends have interests that align with your own? Same sort of thing.

    People responding to this article act like they are fonts of egalitarianism when if you look at it they are probably just as judgmental (up and down, the responses being a case in point) as the purported billionaires in TFA.

  9. Noblesse Oblige by darthsilun · · Score: 5, Insightful

    Sci-fi author John Scalzi has published an entertaining take-down of the cluelessness in this article.

    One thing Scalzi has missed in his screed is this:
    Noblesse oblige is a French phrase literally meaning "nobility obliges". It is the concept that nobility extends beyond mere entitlements and requires the person with such status to fulfill social responsibilities, particularly in leadership roles.

    And it's one of the things that's missing from a lot of the 1%ers. This society made it possible for them to be 1%ers. They have a debt to society. And like the Lanisters – who always pay their debts – so should they.

    1. Re:Noblesse Oblige by Anonymous Coward · · Score: 5, Insightful

      A person born in a ghetto with one parent making 15k a year does not have the same opportunities as someone born in the Hamptons with a trust fund in the six-digits from birth. Similarly two middle-class people that just so happen to have skill sets with differing levels of economic demand do not get the same opportunities either.

      So the answer to this:

      Didn't society also give us that same opportunity

      is no.

  10. "Whatever", indeed. by pla · · Score: 4, Insightful

    "she directly makes a comparison by encouraging people to replace the word "rich" with "black" to see the problem with how she says people speak of the rich."

    Sorry, John, but if you don't "like" the implications of replacing group X with group Y in a sentence, the problem exists in your own wetware, not with the underlying premise. You don't get to discriminate against "the right" groups with impunity just because it happens to better fit your world-view. Nor does the whiteness of that cohort have any relevance to the analogy (and in fact, your mentioning it actually commits the offense you accuse Kasperkevic of) - If you describe someone as "hung like a bull", their lack of actual bull-ness simply doesn't matter in the least; not even if that person makes their living as a professional butcher.

    Kasperkevic didn't intend to literally equate the struggles of the rich with those of blacks (something you, as a professional author, should have grasped); rather, she used it as a literary device to highlight the fact that calling for lynching any group, whether black or Jewish or rich, should offend us as a violation of basic human dignity.

    1. Re:"Whatever", indeed. by thewolfkin · · Score: 4, Insightful

      "she directly makes a comparison by encouraging people to replace the word "rich" with "black" to see the problem with how she says people speak of the rich."

      Sorry, John, but if you don't "like" the implications of replacing group X with group Y in a sentence, the problem exists in your own wetware, not with the underlying premise. You don't get to discriminate against "the right" groups with impunity just because it happens to better fit your world-view. Nor does the whiteness of that cohort have any relevance to the analogy (and in fact, your mentioning it actually commits the offense you accuse Kasperkevic of)

      Kasperkevic didn't intend to literally equate the struggles of the rich with those of blacks (something you, as a professional author, should have grasped); rather, she used it as a literary device to highlight the fact that calling for lynching any group, whether black or Jewish or rich, should offend us as a violation of basic human dignity.

      What are you talking about? discriminating against black people is NOTHING like the discrimination against the rich. First of all the rich as a group can do a whole lot more against discrimination against them then black people as a community. The rich have gotten away with MUCH MUCH more grievous harm and the black community has been punished for much less reason than the rich.

      Which isn't to say that every rich person deserves to get their hands cut off or anything but their "struggle" is nothing like a racial struggle and bringing up the struggle of a racial minority like the black community only serves to make the black struggle seem disingenuous. The point of the comparison was not about literal lynching. No one thinks it's ok to literally lynch the rich. Which is the only way such a comparison might not be wildly offensive. The comparison was about how the rich are perceived and treated which is NOTHING like how a racial minority is treated or perceived.

      --
      Just another second banana
  11. Simple solution by jodido · · Score: 3, Insightful

    A couple of others have referred to this idea, which I have myself suggested to individuals who were troubled by "privilege." Give away all your money, get a job at Walmart and join the fight for $15 and hour and a union. All your (previous) troubles will seem so far away, you will make new and interesting and sincere friends and you will be contributing to making a better world. What more could you ask for?

  12. Re:Slashdot, what have we become? by Anonymous Coward · · Score: 2, Insightful

    > This is like the class warfare version of race-baiting.

    Class warfare *is* taking place, mind you.

    The rich are winning.

  13. fff by sociocapitalist · · Score: 3, Insightful

    Stated problem: People don't like me because I'm rich
    Actual problem: I choose to be a complete asshole and fuck people over to become disgustingly rich.
    Rich people therapist: Will say absolutely anything to make disgustingly rich person feel better about themselves so long as they get paid

    Solutions:
      - take away the tax dodges that let the super-rich get or stay super-rich
      - raise taxes on those same super-rich and lower the tax burden on the middle class

    --
    blindly antisocialist = antisocial
  14. Re:Oh no! by will_die · · Score: 1, Insightful

    As opposed to the Democrat party where they allow the super rich to rule them and call them "fools" and "stupid" and they smile and repeat whatever they are told to.

  15. Rich Implies Greed by JimSadler · · Score: 2, Insightful

    So you are rich. You got there either because you were a greedy little piglet or a parent left you a pile of money. And being a wealth addict you know you want more. So where is the best place to get a big pile of money to add to your stash. Mining the poor and wretched is too slow. You just have to manipulate way too many poor people to steal one penny at a time. But hanging out with rich people gets your leads as to where big money might be had. And if you need an investor only a rich guy is any good to you at all. One way to think about it is Donald trump. He is a living proof that a man can be a liar and an idiot and still have a pile of wealth. The wealthy are not smarter or more able they are simply greed bags with feet.