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Tag: wealth

  • A most depressing trend

    I’ve had multiple conversations with young people who say they want to be rich. I ask them what that means. They say they want a house and to be able to take two nice vacations per year. That’s not rich. That is middle class. Have we as a country established that no one is going…

  • Who is better off, the median American or the median European?

    Europeans get lower salaries than Americans, but they receive better benefits. So who makes more? The average American pay is still one of the highest. But not by an enormous amount. I asked AI to help me understand the explanation. From Perplexity: the speaker argues you should use median, equivalized, disposable, PPP‑adjusted income from sources like OECD…

  • Book Review: First Sixth Of Bobos In Paradise

    At some point (says Brooks) the meritocrats won and became the new elite. Their anti-bourgeois ideas became the foundation of our modern values. But part of the elites’ job is to run the financial system, and another part is to enjoy being very rich. This was a bad match for bohemian anti-bourgeois values, so they…

  • rich kid memes & the online culture of the 1 percent

    “what i stumbled upon wasn’t just a collection of silly memes; it was a masterclass on the language of the ultra-wealthy.”