That’s a good point, but perhaps it’s because that sort of reporting simply isn’t very popular?
A lot of people seem to prefer simply hating the rich, which is easy to do because it doesn’t require empathizing with their problems. And they certainly DO also have problems because having a lot of money places a huge burden of responsibility on someone’s head (that’s why so many lottery winners tend to get rid of it so quickly).
And it’s not enough to simply put the money in a bank account and live off the interest, because rates might change, your bank might fail (and deposits over a quarter million are generally not covered by the FDIC), or inflation might outgrow the rate of return. The truth is, there’s constant pressure to find some way to turn a profit on your capital, but that generally requires taking a risk, and boom, there’s a new source of anxiety for ya.
This is often said but I wonder if we only think that because nobody bothers reporting on people that don’t fuck it up
That’s a good point, but perhaps it’s because that sort of reporting simply isn’t very popular?
A lot of people seem to prefer simply hating the rich, which is easy to do because it doesn’t require empathizing with their problems. And they certainly DO also have problems because having a lot of money places a huge burden of responsibility on someone’s head (that’s why so many lottery winners tend to get rid of it so quickly).
And it’s not enough to simply put the money in a bank account and live off the interest, because rates might change, your bank might fail (and deposits over a quarter million are generally not covered by the FDIC), or inflation might outgrow the rate of return. The truth is, there’s constant pressure to find some way to turn a profit on your capital, but that generally requires taking a risk, and boom, there’s a new source of anxiety for ya.