Actually, Forbes is as prejudiced as Occupy. You can’t generalize about us one percenters. Some have indeed provided excellent products and services, or done good philanthropic work. Some have made money without doing much really productive for society, like hedgefunders. […]
Wealth
Earned Success
Arthur Brooks, president of the American Enterprise Institute and public conservative spokesman, has been writing and speaking recently about happiness. He spoke at the recent Christian Community Development Conference, and declared that money does not necessarily bring happiness except that […]
Progressive Consumption Taxes
I agree with Frank, not with Henderson. I have a lot less problem with progressive consumption taxes on the rich than with progressive income taxes. That way if the rich use their money constructively, for capital investment, saving, or philanthropy, […]
WSJ Reports an a Wealth Camp for Heirs…
The Wall Street Journal reports an a wealth camp for heirs. Something like that would be a great thing for trustfunders, especially the ‘true’ trustfunders who will probably not be going into ‘business.’ Heirs often have mental blocks about the […]
The Value of Inheritance
In a recent newsletter of the evangelical The Gathering, Erik Johnson and Gabriel Schulze discuss the question of whether it is wise to leave money to your children. I have some opinions about that. Here are the options: As Ron […]
Envy Isn’t Just a Left Wing Vice
Envy is one of the Seven Deadly Sins, and it involves wanting to deny other people things whether you have them or not. We generally think of it in terms of what the Australians call the Tall Poppy Syndrome; the […]