5 ms·

I guess what the OP is trying to say is that throwing a million or more into a savings account, not having to worry, and peace of mind is in itself a class game

by olcor 7y ago

I guess what the OP is trying to say is that throwing a million or more into a savings account, not having to worry, and peace of mind is in itself a class game. Few people have that luxury; I got a chance to be a bit better off and immediately felt much differently and more attuned to class differences than I was before. I now have the luxury of time, choice and pecuniary freedom I did not have, and a lot of my peers don’t have. If I had a billion dollars I can’t even imagine the effect it would have on how I think about things. I feel I have that mentality of valuing the security the money gives me because I read books like Millionaire Next Door, Intelligent Investor, FIRE subreddits, etc and come from a family that has similar ideals.But I’m also aware that a lot of people are very different from that, and are known to end up playing differently with their money (status symbols, lifestyle upgrades, etc). Cultural aspects of many societies value the latter more than the former.

isoskeles 7y ago
That comment says "class of games", and you've started writing about "class games" and then "class differences" in your interpretation of the comment. Not saying you did something bad here, but it sounds more like the telephone game than discussing what was written, all because of the omission of the preposition "of."
- jerf 7y ago
  This is correct. I mean that having a certain level of wealth throws you into a world where everyone wants a piece of you, friendships become very difficult because are they friends or are they just after some money? Probably the latter. It basically takes you out of the normal run of human affairs into a very isolated environment. It solves a lot of problems that, frankly, I can solve well enough now, in return for handing you a whole lot of problems that are basically unsolvable. And there are other levels that become very easy to accidentally blunder into, like blackmail, and you become the target of some fairly sophisticated actors, possibly even including state actors, looking to influence you, or drain your accounts. Rich people tend not to talk about it as much from what I've seen, but you can, if you look a bit, find a number of accounts of people who got very famous talking about this, especially if they later fell from grace. When I was younger, I kinda thought this was sour grapes or rich/famous people trying to feel bad for themselves, but the consistency of the stories, plus my increasing understanding of human nature and group dynamics as I get older and gather more data and think more about the data leads me to believe this is the expected outcome rather than some exceptional surprise. I also thought, eh, that's no big deal, those are the soft problems and money solves the hard problems, but now I rather significantly feel the other way around. (There is a class of money problems that is hard, especially in the medical area, but they are not all that hard.) I'm sure there's some people who pull it off, but I'm not sure I'd be one of them. (As a bonus observation, when you are born into and grow up in this environment, I think it produces certain characteristic pathologies that go a long ways towards explaining why elites act so consistently in certain ways throughout history. Same environment -> same result. It is not good to have leadership populated by people who have never really deeply connected with another human being, yet, the very act of being in leadership inhibits those connections, and being born into it effectively destroys them entirely.)
  - pmoriarty 7y ago
    Your view is one that I'm partial to myself, but there are some other factors which you don't mention in your analysis. One is that if you widen your view to not just being about you and how you cope with or are affected by that wealth, and consider how it might be used to help or influence those around you, the conclusion of whether to accept or seek such wealth might be different. There was an article on HN recently about Jeff Bezos and his quest to get humans out in to space. Elon Musk has a similar ambition. Their goals, should they achieve them, could significantly change the destiny of humanity, and it would be unachievable for them without their great wealth. Or look at what Gates has done with his foundation, or Warren Buffet's pledge to give away his billions when he dies (and all the other millionaires and billionaires he's managed to convince to do the same). None of that, which could and already has significantly helped the world would be possible without their wealth. Or look at the Carnegie endowments, the Nobel prizes, the MacArthur awards, etc. Very positive results could be achieved through charitable and philanthropic endeavors which would not be possible without the great wealth of their founders, even if the cost of that wealth to themselves and their families might be great.
    - 1000units 7y ago
      These guys are shallow sleezebags. Bill Gates blew up the population of Africa as a PR stunt for his wife, which we see here has been successful. Nothing Bezos has done is morally praiseworthy, and many things questionable. Musk is a cool guy but clearly just a flashy narcissist. It's much easier to make the world a better place by securing the proliferation of good ideas than to become fantastically rich. Ideas are after all what turn paper into money. I hope to raise a very large family of like-minded sons.
  - DoreenMichele 7y ago
    having a certain level of wealth throws you into a world where everyone wants a piece of you, friendships become very difficult because are they friends or are they just after some money? I've never been rich. Most so-called "friends" have wanted something from me while having little or nothing to offer me in return. This became crystal clear while I was homeless for years. People continued to want something for me, continued to act like I deserved nothing in return and used my poverty as justification for why the things they wanted from me "weren't worth anything" and shouldn't lead to money. Wealth just makes it apparent you can't trust people. People tend to be assholes. It's not like poor people are all surrounded by wonderful, loving, caring friends who would go to the ends of the Earth for them.
- olcor 7y ago
  Aah yes, I misread it; totally my bad, I apologize. Definitely feels like a telephone game now that I read it.

by olcor 7y ago

isoskeles 7y ago

That comment says "class of games", and you've started writing about "class games" and then "class differences" in your interpretation of the comment. Not saying you did something bad here, but it sounds more like the telephone game than discussing what was written, all because of the omission of the preposition "of."

jerf 7y ago
This is correct. I mean that having a certain level of wealth throws you into a world where everyone wants a piece of you, friendships become very difficult because are they friends or are they just after some money? Probably the latter. It basically takes you out of the normal run of human affairs into a very isolated environment. It solves a lot of problems that, frankly, I can solve well enough now, in return for handing you a whole lot of problems that are basically unsolvable. And there are other levels that become very easy to accidentally blunder into, like blackmail, and you become the target of some fairly sophisticated actors, possibly even including state actors, looking to influence you, or drain your accounts. Rich people tend not to talk about it as much from what I've seen, but you can, if you look a bit, find a number of accounts of people who got very famous talking about this, especially if they later fell from grace. When I was younger, I kinda thought this was sour grapes or rich/famous people trying to feel bad for themselves, but the consistency of the stories, plus my increasing understanding of human nature and group dynamics as I get older and gather more data and think more about the data leads me to believe this is the expected outcome rather than some exceptional surprise. I also thought, eh, that's no big deal, those are the soft problems and money solves the hard problems, but now I rather significantly feel the other way around. (There is a class of money problems that is hard, especially in the medical area, but they are not all that hard.) I'm sure there's some people who pull it off, but I'm not sure I'd be one of them. (As a bonus observation, when you are born into and grow up in this environment, I think it produces certain characteristic pathologies that go a long ways towards explaining why elites act so consistently in certain ways throughout history. Same environment -> same result. It is not good to have leadership populated by people who have never really deeply connected with another human being, yet, the very act of being in leadership inhibits those connections, and being born into it effectively destroys them entirely.)
- pmoriarty 7y ago
  Your view is one that I'm partial to myself, but there are some other factors which you don't mention in your analysis. One is that if you widen your view to not just being about you and how you cope with or are affected by that wealth, and consider how it might be used to help or influence those around you, the conclusion of whether to accept or seek such wealth might be different. There was an article on HN recently about Jeff Bezos and his quest to get humans out in to space. Elon Musk has a similar ambition. Their goals, should they achieve them, could significantly change the destiny of humanity, and it would be unachievable for them without their great wealth. Or look at what Gates has done with his foundation, or Warren Buffet's pledge to give away his billions when he dies (and all the other millionaires and billionaires he's managed to convince to do the same). None of that, which could and already has significantly helped the world would be possible without their wealth. Or look at the Carnegie endowments, the Nobel prizes, the MacArthur awards, etc. Very positive results could be achieved through charitable and philanthropic endeavors which would not be possible without the great wealth of their founders, even if the cost of that wealth to themselves and their families might be great.
  - 1000units 7y ago
    These guys are shallow sleezebags. Bill Gates blew up the population of Africa as a PR stunt for his wife, which we see here has been successful. Nothing Bezos has done is morally praiseworthy, and many things questionable. Musk is a cool guy but clearly just a flashy narcissist. It's much easier to make the world a better place by securing the proliferation of good ideas than to become fantastically rich. Ideas are after all what turn paper into money. I hope to raise a very large family of like-minded sons.
- DoreenMichele 7y ago
  having a certain level of wealth throws you into a world where everyone wants a piece of you, friendships become very difficult because are they friends or are they just after some money? I've never been rich. Most so-called "friends" have wanted something from me while having little or nothing to offer me in return. This became crystal clear while I was homeless for years. People continued to want something for me, continued to act like I deserved nothing in return and used my poverty as justification for why the things they wanted from me "weren't worth anything" and shouldn't lead to money. Wealth just makes it apparent you can't trust people. People tend to be assholes. It's not like poor people are all surrounded by wonderful, loving, caring friends who would go to the ends of the Earth for them.
olcor 7y ago
Aah yes, I misread it; totally my bad, I apologize. Definitely feels like a telephone game now that I read it.