Rich People Think Differently Than You

[Mathurin]

[Homer]

[Mathurin]

[Mathurin]

Lets explain the logic.


Assume you have 10 million dollars invested, which is invested in various items but gives a (pretty high) average return of 10%

So your yearly income is 1 million.

Except its not, because most everyone has some debts and there are always taxes.
So for simplicities sake you have a 20% tax rate because your investments are split between long term and short term, dropping your income to 800k.

So your actually received income is 800k

Now your accounant comes to you and says "they have changed the law, your income next year will be taxed at 45%, meaning your expected income after taxes is now 550K, the only way around it is to give up your citizenship and leave the country, you could become a singapore citizen and your tax rate will drop to 0%"

So, to simplify it.

Nation A
550k per year income

Nation B
1 million per year income


Why would you choose nation A again?

[The Comrade]

because you aren't a scumbag would be a good reason.

[Boris Johnson]

Some thoughts from the desk of the Mayor of London.

1) This 'book' pretty much goes to show that you can get pretty much any old shit published these days.
2) As is illustrated by 1) and more philosophically by the Wilt Chamberlain (or as I prefer to think of it the Paris Hilton argument, sexing up Nozick for the 21st century booya) argument being wealthy =/= any necessary acumen in a skill that might be seen as objectively valuable. Wealth can accumulate around certain people for no good reason what so ever, to wit, Paris Hilton. And everyone can play the rationalisation game.
3) This whole 'triumph of the will' entrepreneurial shit, conveniently misses out exactly how much patronage is involved in most major successes in business. Normally becuase all this self help wannabe zen shit is pretty much exclusively snake oil.
4) The relationship between money and happiness, is not as simplistic as many would wish: to wit hard to be happy if your struggling to pay your bills, even harder if your homeless. At the same time, hard to make fortunes and have any sort of free time or stable personal life.

[Clarino]

[Mathurin]

[Lobster]

What is this emotional appeal Mathurin? The only reason rich people would give money to charity is for tax rebates. It is only "logical" after all.
I think the argument is both needlessly complimentary AND insulting to the wealthy. Some rich people can be patriots, others focused entirely on their own genetic line (i.e family). Some can be generous, others can be penny-pinching scrooges. I don't think you need a particular psychological profile to be wealthy, or that being wealthy imposes that profile.

[PoS]