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The Wealthy Could Always Give Away Their Problems

Posted in Editorials on October 21st, 2015

In The Guardian, this week there’s a profile of a therapist who counsels wealthy clients who deal with the unique stresses their money brings them.

“We are trained to have empathy, no judgment and so many of the uber wealthy – the 1% of the 1% – they feel that their problems are really not problems. But they are. A lot of therapists do not give enough weight to their issues.”


From the Bible to the Lannisters of Game of Thrones, it’s easy to argue that the rich have always been vilified, scorned and envied. But their counsellors argue things have only gotten worse since the financial crisis and the debate over income inequality that has been spurred on by movements like Occupy Wall Street and the Fight for $15 fair wage campaign.

“The Occupy Wall Street movement was a good one and had some important things to say about income inequality, but it singled out the 1% and painted them globally as something negative. It’s an -ism,” said Jamie Traeger-Muney, a wealth psychologist and founder of the Wealth Legacy Group. “I am not necessarily comparing it to what people of color have to go through, but … it really is making value judgment about a particular group of people as a whole.”

The media, she said, is partly to blame for making the rich “feel like they need to hide or feel ashamed”.

I actually am going to recommend some Biblical advice for the wealthy. But first I want to point something out. There’s a reason that people are protesting the rich, and it’s not because they are rich. No one is protesting Bill and Melinda Gates or Richard Branson or Warren Buffet or even Michael Bloomberg (well maybe they were but that had more to do with his actions as mayor rather than his wealth). They’re protesting the Waltons and the Bankers and big business because those are the people who are using their wealth to harm people. The financial crisis ruined the lives of people who had nothing to do with Wall Street. Working conditions exist in the United States and in US owned companies abroad that should not exist anywhere on Earth, much less in a country prides itself on American Exceptionalism. The judgement isn’t on the circumstance of happening to be wealthy but on how that wealth was accumulated and then what was done with it afterwards.

Money probably does bring unique challenges to family dynamics and social interactions, but the idea that the wealthy are unfairly judged is absurd. And like Adam said, there’s a very easy solution to fix the perception of being an evil rich person. GIVE YOUR MONEY AWAY! Give it to the poor, to homeless shelters and food banks, give it to schools and libraries, parks, museums, animal shelters, medical research, and abortion funds! There’s a lot of people who need it, and it will soothe some of that guilt and the public admiration will make you feel a lot less judged.

Image credit: OpenClipArt.org by vokimon

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