My really big worry is that the people making these choices just do not care about a single thing beyond this single generation
Not a psychologist but my take on most of the wealthy people in the world is they are essentially narcissistic hedonists. They only care about growing wealth as a means to the end of maximizing the amount of fun they can have and to keep their egos happy that they have the most.
They don't seem to care about the future at all
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You’re probably not wrong. I’ve gone from being essentially destitute as a child to what people would call “well-off” and having the context of both experiences is…eye opening.
I have moneyed acquaintances now that I never would have had before. For some of them the mere hint of their income being reduced in any way is enough to send them into spasms. These are people with enough money for their next 3 generations to live off of. Luxuriously.
I just don’t get it.