Re:A letter to our daughter
by AndrewKemendo on Tuesday December 01, 2015 @08:20PM
(#10660217)
Hate to break it to you but what you described about the "new" millionaires is the majority of all multimillionaires, regardless of generation.
See: The Millionaire next door
I accidentally downvoted you due to fat finger error, sorry.
Re:A letter to our daughter
by AndrewKemendo on Wednesday December 02, 2015 @09:22AM
(#10663044)
Well I'm crushed, but hopefully I can get over it ;)
I hope most people understood this. In fact bulk of the worlds rich is invisible, they become rich through mundane savings and investment methods everybody else avoids.
World is a strange place. Very few millionaires win and lose spectacularly. Nearly all of rich people out there are silent and invisible.
Re:A letter to our daughter
by beccasanchez on Tuesday December 01, 2015 @07:22PM
(#10659969)
These people you're describing are no different than the old aristocracy. Aristocrats have always attempted to live a comfortable, quiet life of idle pleasures. A Rockefeller or Ford figure that works really hard is the exception--and they are a very American invention who were raised with the protestant work ethic.
> Today's centi-millionairs wants to stay anonymous, don't want to have butlers
Peter Thiel, the godfather of "today's centi-millionaires", has a butler.
— At least he had one in 2007:
you're idolizing new rich a bit too much. yes there are people like you describe, but that's nothing new with this generation. then there is remaining majority, which is a mix of it all, including the worst "offenders".
just because via social media you see more of the "new rich", which have desire to make public statements and be as visible as possible, doesn't mean that's all there is.
I think new rich crowd will almost completely replace old generation wealthy in next 50 years or so. People who are born in this decade will have very hard time understanding philosophies and life style choices of Gorden Gekko.