NPR: What's It Like To Be Rich? Ask The People Who Manage Billionaires' Money: Audio Presentation

Ted

FYI: What are the lives of the planet's wealthiest people really like?

Several years ago, sociologist Brooke Harrington decided to find out.
Hidden Brain
What's It Like To Be Rich? Ask The People Who Manage Billionaires' Money

She knew she'd have a hard time gaining access to the world of the über wealthy, so she did something unusual: She took courses to become a wealth manager.

In the course of this training, Harrington met other wealth managers, who agreed to be interviewed for her research.

She discovered that, in order to manage money for the super-rich, these professionals learn a lot about the private lives of their clients.

What they shared, Harrington says, shocked her.
Regards,
Ted
https://www.npr.org/2018/02/19/586457604/whats-it-like-to-be-rich-ask-the-people-who-manage-billionaires-money

LewisBraham

From the podcast:

"The lives of the richest people in the world are so different from those of the rest of us, it's almost literally unimaginable. National borders are nothing to them. They might as well not exist. The laws are nothing to them. They might as well not exist."

Why does this shock her? This has always been true.

Old_Joe

I'm sure most of us remember the infamous "only the little people pay taxes" Leona Helmsley quote. Maybe she and Trump have some DNA in common.

Anna

I guess I wonder the following - if this is true (is it?) then why aren't we trying to claw back as much "American" wealth as possible from these people without a country?

LewisBraham

nytimes.com/2009/05/05/business/05tax.html

https://nbcnews.com/storyline/panama-papers/bomb-kills-panama-papers-reporter-malta-s-prime-minister-says-n811221