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View Diary: Wealth Condensation: Why the Rich Get Richer (172 comments)

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  •  Yeah, I've never (3+ / 0-)
    Recommended by:
    zedaker, xrepub, Calamity Jean

    understood people who insist that money doesn't buy happiness.  These people obviously have never lived on the edge.  Life is so much easier when you have enough for basics and the typical emergencies that arise.

    The banks have a stranglehold on the political process. Mike Whitney

    by dfarrah on Sun Sep 25, 2011 at 09:31:42 AM PDT

    [ Parent ]

    •  It DOES buy'security' (1+ / 0-)
      Recommended by:

      or at least a fair amount of it - and THAT (mimicking a credit card commercial) is 'priceless'.

      Not having to scrounge for change on a Thursday night to buy food for dinner, not having to pay ridiculous rates to use a check cashing place...... the list goes on.....

      There's a LOT less stress in your life when you can go grocery shopping and not worry about your bank balance.

      And the reality is there's enough wealth in this country that this should be the situation for EVERYBODY.   But the endless pushdown on wages leaves 99% worse off - and the top 1% (actually the top 1/10 of 1% FAR better off).  A friend in Securities law said - "All I do is make rich people richer - they can't spend it as fast as they're making it" - and THAT is the crux of the problem.   When someone says "I won't feel secure until I have $1 BILLION in the bank" (a real quote from a study interviewing the very wealthy) - oblivious to the fact (or simply not caring) that  some people don't have $1000 - or even $100 - in the bank.... something is VERY wrong.

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