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The author at Evolving Economics in a related article titled Envy has its benefits writes:
COMMENTS (17 to date)
Tom West writes:
I have to say, as a child of middle-class parents of the majority race, I realize that while I have earned my wealth, it's also been incredibly easy for me given my background. In fact, I'd have to have fought to get off the track of decent school, decent university, decent job, decent marriage and now decent kids. Meanwhile, I look at quite a number of people who have to fight incredibly hard to get half as far as I have because absolutely everything about their life points them in a very different direction, and I'm utterly amazed that there isn't *more* envy and resentment on the part of the more capable, but less privileged. Posted August 16, 2011 11:04 PM
GITVCO writes:
There's wisdom in the ancients: Posted August 17, 2011 12:23 AM
SkippyMaximus writes:
Doc, Very apropos discussion at a time when Washington is looking to squeeze more blood out of the "wealthy" stone. As we've discussed, there's one thing psychologically worse than wanting something. It's losing something. I'm curious if the feeling of resentment towards the wealthy increases as the prospects of loss of one's own wealth (to taxes, cuts, etc.) increases. Could help explain why the discretionary budget is on the chopping block (if the "super Congress"...ugh...doesn't meet its goals) instead of the increasing non-discretionary budget (entitlements). Posted August 17, 2011 2:19 AM
Mike writes:
Very nice post sir. Posted August 17, 2011 2:43 AM
jh writes:
Materially, we compare ourselves upwards. We see what those above us have and ignore our own riches compared to those below us. Morally, we compare ourselves downwards. We see how awful those heathens are below us and ignore how we could be even better. Posted August 17, 2011 7:58 AM
Lori writes:
Surely immorality and heathenry are two different things. Posted August 17, 2011 8:48 AM
fundamentalist writes:
A wise man wrote "Thou shalt not covet" for a reason. Socialism elevates envy and covetousness to virtues. Posted August 17, 2011 9:01 AM
Lori writes:
No it doesn't Posted August 17, 2011 9:10 AM
PrometheeFeu writes:
I think you are overselling the point that rich people "earned" it. While very few actually stole it or earned their wealth through some dishonest means, some amount of luck and being in the "right" profession is often involved. Most of my friends are researchers of sorts. (I'm excluding those who are still grad students) They work long hours every day, often including the week-end. They are working on projects which may one day serve to cure the world's worst diseases. In order to get to the point where they are now, they had to obtain PhDs which again required spending long week-ends in labs. Some of the grad students will come spend an evening hanging out and around 10 or 11 leave for lab so they can start or finish an experiment by the morning. I am a software engineer at a large firm. I relatively frequently have to put in some overtime to get something done, but it's reasonable. I don't spend my week-ends at work and I make more than twice what my friends make. Now, is that really "earned"? Do I really "deserve" twice what they make? I am not sure. I can definitely see why it is better to be in a free society where my income is not redistributed to my poorer friends and their colleagues according to some bureaucrat's perception of value, but I doubt that I am actually deserving of two times their income. Posted August 17, 2011 9:36 AM
Floccina writes:
I never had much feeling of envy perhaps because it was in the poorer areas of town where I was treated badly. When you walked around the wealthier areas you get to enjoy the architecture when you walked around certain ares you feared being "jumped". Maybe I envied the tough and athletic and those with pretty girl friends. Posted August 17, 2011 9:41 AM
M.R. Orlowski writes:
Wonderful post, I am glad that Bryan brought up the topic of trying to get rid of envy. Next time I hear people bring up inequality, this would be a great comeback. Posted August 17, 2011 10:37 AM
Gaelen writes:
I think this post misses the point. The issue is not a question of whether the well off 'earned' their wealth through hard work, it is rather a question of the opportunity afforded to those starting off from less advantageous positions. Envy of those that have things that people want, such as money, material goods, or a attractive spouse is human nature. So while is is laudable to try to overcome this baser instinct, the inequalities in opportunity that have been given to many of the wealthy should be something that we keep in mind, and work to correct. A libertarian must, I think, try to mitigate the lottery of birth to the greatest degree possible. Posted August 17, 2011 10:48 AM
MP writes:
PrometheeFeu: Posted August 17, 2011 11:30 AM
Clay writes:
You didn't fight your envy, you fought your resentment. You still admire and aspire to the success and wealth of others, which is what envy is, but you eliminated the jealousy and resentment associated with it. Posted August 17, 2011 11:40 AM
matt writes:
Envying the rich is probably more destructive than other types of envy because you can premise a lot of social policies on it that might not be consistent with revealed preferences. Many many people are envious of the attractive, yet never set foot in the gym- because, while they would prefer to be more attractive they don't actually care enough to do anything about it. Many, many people envy the wealthy but work less than 50 hours a week, in industries (e.g. academia) and locations (e.g. where there family is from) that do not maximize their income. They would enjoy free money in exchange for nothing but don't enjoy money enough to actually do much to earn more of it. A high percentage (but obviously not all) of rich people work like 70-100hrs/week and in some respects live unpleasant lives because of it. Posted August 17, 2011 12:34 PM
GITVCO writes:
The rich may have earned theirs' by selling a lot of hours, or by delivering an original technology, artwork, process or athletic achievement. They may have earned it because more talented competitors quit the lucrative callings and pursued PH.Ds, families, travel, teaching or what-not. How do you devise a policy that identifies and punishes the unmeritorious rich while leaving the others alone? Posted August 17, 2011 2:34 PM
Big John Stone writes:
"More common, especially in societies with lots of government controls, were people who got wealthy by using political pull." Pull. How did Michele Obama make money? Husband was state senator the U of Chicago Med Center saw "pull" potential, created a $300K position for her. "Oddly absent from most of the unflattering press coverage of UCMC's patient-dumping scheme is any mention of the role our new First Lady played in devising the program. A laudable exception has been the Chicago Sun-Times, which reported last August that "Michelle Obama -- currently on unpaid leave from her $317,000-a-year job as a vice president of the prestigious hospital -- helped create the program."" (American Thinker) - by the way the Sun-Times article has disappeared from their website, as has the position at the U of C. How did Rahm Emanuel make money? He worked at Arby's in high school, never made any money until AFTER he left the Clinton's staff, and once he had "pull" he was very valuable. Wikipedia on Rahm Valerie Jarrett: Also involved with the Patient Dumping above. But, she got rich from her Chicago Housing scams. (Judicial Watch) Chief Executive Officer of the Habitat Company Jarrett also managed a controversial housing project located in Obama's former state senate district called Grove Parc Plaza. According to the Boston Globe the housing complex was considered "uninhabitable by unfixed problems, such as collapsed roofs and fire damage...In 2006, federal inspectors graded the condition of the complex an 11 on a 100-point scale -- a score so bad the buildings now face demolition." and finally of course, you have the Daly family's scam the goverment PULL deal of all PULL deals" AFTER SCHOOL MATTERS" where all of Daley's staff find $200K/year jobs (Crains Chicago Business) "but according to After School Matters' last available federal income tax return, for 2008, it received $10.8 million in government grants in that year alone" Look at all these "Chicago" government folks and you will see money flowing from power and power flowing from money. The only way these government guys know how to money is not to make money by EARNING it by creating a good or a service sold on the open market, they trade in government largesse. This maybe explains the whole envy thing as well. They don't know a lot of folks who made money without being part of a system of patronage. Posted August 18, 2011 2:35 PM
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