As hard as this may be to perceive, the financial wealth of the 1% is, in effect, a fiction. It's made up of imaginary titles to things that presumably give the wealthy the power to compel everyone else to do their bidding. The financial wealth doesn't have to be "spread around amongst the lower 99%" to lose its illusory power.
On Wed, Oct 30, 2013 at 11:32 PM, <[email protected]> wrote: > * *"Michael Perelman" <[email protected]> wrote: > > > My own intuition is that rich people compete via $$$ and fear of > falling begin > > < takes a toll. The certainly have privileges, but whether they enjoy > their lives is an open question. > > > > > http://freakonomics.com/2008/04/22/the-economics-of-happiness-part-4-are-rich-people-happier-than-poor-people/comes > to > > the conclusion that rich people are considerably happier than poor people. > > > Would we gain much if the financial wealth of the upper 1% were spread > amongst the lower 99%? > > > -- > > Ron > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > -- Cheers, Tom Walker (Sandwichman)
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