Why do rich people want to be richer?

I think there is a more subtle and complex answer than I usually think. According to the current definition, my grandfather and my son-in-law's grandfather was "super rich" (minimum net worth is 2.5 million dollars, annual income is about 380 thousand dollars).

When our family (when he and his son are my mother's father and grandfather), they made a new bathroom on the second floor for us to visit. The lawn is big and requires its own water tower to keep doing water. The great grandfather had his office in the building: it occupied the first floor facing south. This is my only maid and chef as a member of "family worker". Grandpa and grandma have their own residence area in the same house. Indeed, you can go out to "family" without noticing that there are different families on the same four walls.

Do they want to be richer? No, I do not think so. I have neither heard nor seen a sign of this desire. It is different from knowing that you are richer than any other in the same country (literally). Of course they know this. But they took the manager's approach to deal with almost everything, including the role as the main employer and the role of parents (luxury housing) and real estate guardians. If there is a problem talk to Mr. Whitney about this problem and he resolves it (of course, "Mr. Whitney" is the name of these two people).

Do they expand the scale of business by taking advantage of this opportunity? This is the only way they think "earn more money". If the opportunities are in line with their overall lifestyle (very stable and nearly average) they may have. They are all philanthropists and the important thing is to add is spending a lot of money on charity organizations They are funding the establishment of five churches in the area.

My grandfather 's grandfather was a Detroit investor and when he went to town to sell stocks for $ 5 a share, he bought 1,000 Henry Ford car companies. This allowed Ford to have enough money to build his first car factory. Of course, $ 20,000 has reached several million dollars in 20 years. But Horace Rackham does not seem to be "rich" than my own grandfather and grandfather. He also became a philanthropist. He donated the fund to the magnificent concert and auditorium on the campus of the University of Michigan. Rackham Auditorium is a landmark that you can walk within 15 minutes.

We are in a world where rich people become rich. In fact, however, wealthy cities are becoming wealthier (see also), wealthier people are becoming more prosperous. (Land ownership to promote inequality and core value of real estate value, and details on the role of policy in this process). Declining population in rural areas and remote areas and the aging of industrialized countries as a whole will have a primary impact on macroeconomics. My book with Joon Yun (dialogue with them helps stimulate this article), this amazing piece from the Wall Street Journal, and this recent incident from the incident in Puerto Rico. (Relevant: Does debt create someone? This is there.)

In terms of material ownership, there is no doubt that the "rich" people are similar to the "poor" people. They are seeking wealth. No one really wants to become a "poor man". Wealthy people acquire the skill of becoming wealthy or rich by inheritance. Like Prince William, he became wealthy from his mother, Princess Diana and Prince Charles.

As people become crazy about pursuing wealth, their overwhelming and unsatisfying passions will not enrich - they become more prosperous ... and become more prosperous. There is no doubt that this is not a virtuous circle, it is a very vicious circle. After all, the desire in their mind - they do not tragically know - is not for love but for emotional intimacy, unconditional acceptance (and self-acceptance), and "rich", satisfying This is because of the relationship of. No matter how rich they are, they can not be bought with money.