Behind the Desire for More Money By the Rich

The idea behind this post occurred to me, many years ago, when I was overhearing another money-related conversation amongst very affluent Indians. As many of you know, this bizarre obsession with money is one of the main reasons I do not hang around Indians. So what really makes this obsession bizarre? Doesn’t everyone like to make more money?

Let me begin by asking you a simple question- Why do people who are already rich want more money?

The vast majority of people want to make more money so that they can spend it on things and services to make their life better or at least feel better. It is about spending and enjoying it. But do most affluent Indians, and rich people from any other culture, actually enjoy spending it? While nobody doubts that they seem to enjoy making it, spending it is another matter..

Does that not strike you as bizarre? It is like worrying and obsessing over obtaining more food when you are eating gourmet meals of your choice every single day. Imagine a person who has all the wine he could ever drink obsessing over getting more wine or worrying about obtaining more sex after an orgy.

Wouldn’t most of you categorize people like that weird and seriously fucked up in the head?

But when it comes to money, most of you worship people who make more than they can ever spend in many lives. What drives these scumbags to make more money than they could ever spend?

If you try to analyze their actions in the light of reason, they don’t compute. Even the richest person will die at about the same age as your average well-off middle class wage drone. It is not like most of them use their money to have more sex, as they are often too obsessed with making more money. There is also only so much high quality food and drink one can possibly consume or things one can do in a human lifetime. Any legacy is worthless if you are no loner alive to see it.

Therefore the motivations of these so-called “high IQ” people behind making money are based on something other than necessity or even any type of rational want. It is not even really about competition, status or name recognition.

In my opinion, a lot of this behavior is far more similar to physiology based high-grade drug addiction with a large obsessive-compulsive component, not mere physical dependence on it.

But what is the ‘drug’ they are after? Stay tuned, as I am in the process of writing a post about it.

Comments?

  1. Rum
    September 25, 2011 at 2:12 pm

    I gather that you have never worked hard over an extended period of time to develop some high level skills that can be a benefit to your fellow humans. If you had, the concept of idleness would not appear so attractive and/or virtuous.

    • September 25, 2011 at 4:24 pm

      Actually, AD has a PhD…

  2. September 25, 2011 at 4:22 pm

    “In my opinion, a lot of this behavior is far more similar to physiology based high-grade drug addiction with a large obsessive-compulsive component, not mere physical dependence on it.”

    You nailed it.

  3. Mr Stricter
    September 25, 2011 at 4:33 pm

    Spot on AD. Max Keiser calls them money junkies too.

    Rum, work for the sake of work is not noble. Now there is a place for working for the man, when the money is used for goods in common used with some wisdom or when the well off (vs the rich) actually do something useful that benefits others with it but thats a few and far between event. Otherwise, laziness is a good thing as its the real spur for innovation and more importantly human happiness and well being.

    In fact I’d go as far as to say most work is pointless when most of the proceeds go into the hands of the rich. Bad enough its self destructive but that pathology hurts others too.
    Its like putting in an extra 20 hours a week to feed the crack habit of someone who hates you. Not smart at all,

  4. Mr Stricter
    September 25, 2011 at 5:12 pm

    Something I forgot. The value system against idleness makes some sense in a freehold farm or frontier system. If you have little or no commons and hard work will actually improve your and yours life, work is a good thing.

    However as very few of us live in such conditions and machines do much of our labor well its a pretty archaic value system that now only serves as a social control. Frankly speaking many people would be better off and happier with less stuff and an X Box Live account (or other favorite system) but as the parasites that run our societies would starve (and no that ain’t the poor but the rich who are leaches) they tend to jigger things to keep that hamster running. Honestly that crap needs to stop and as they say people need to work less and live more.

  5. Ted
    September 25, 2011 at 7:43 pm

    What I don’t understand is all those people in the Olympics. Particularly the marathon runners. In top shape, I can run about a 2:50. I could probably improve on that, if I were willing to put in 60 miles a week. But I have better things to do, and anything much over 30 miles a week gives greatly diminishing returns. I’m perfectly happy with 2:50. So why do those evil Kenyans insist on training obsessively, until they can run 2:10, or even less? Why can’t they be happy with the same 2:50 I run? What drives these scumbags to run faster than they could ever need to? They’re no better than drug addicts.

    Do they force you to pay them money because they can run faster than you?

  6. Mr Stricter
    September 25, 2011 at 7:57 pm

    Ted :
    What I don’t understand is all those people in the Olympics. Particularly the marathon runners. In top shape, I can run about a 2:50. I could probably improve on that, if I were willing to put in 60 miles a week. But I have better things to do, and anything much over 30 miles a week gives greatly diminishing returns. I’m perfectly happy with 2:50. So why do those evil Kenyans insist on training obsessively, until they can run 2:10, or even less? Why can’t they be happy with the same 2:50 I run? What drives these scumbags to run faster than they could ever need to? They’re no better than drug addicts.

    Actually runners are addicts too. Endorphins and all that …

    However Kenyan runners don’t have to steal or rig political systems or kill to get their fix, Unlike the money and power junkies Olympic runners hurt no one other than themselves and maybe their friends who choose to associate with them. If one them pulls a Jim Fix and kacks, thats sad but it doesn’t start a war or destroy an economy ….

  7. Ted
    September 25, 2011 at 8:06 pm

    Try to stay on point. You were complaining about the mentality of wanting more money, not the methods. They want more money because they want to be the best. Some people want to be the best doctors, some people want to be the best runners. Bill Gates wants to be the best at making money.

    If you want to write yet another post about how it’s impossible for anyone to get a penny more than you have without being evil, go right ahead. But I was responding to this post.

  8. Commander Shepard
    September 25, 2011 at 8:43 pm

    Ted :
    But what is the ‘drug’ they are after? Stay tuned, as I am in the process of writing a post about it.

    I enjoy the unfinished/cliffhanger endings to your blog posts. It builds anticipation and excitement.

  9. Commander Shepard
    September 25, 2011 at 8:44 pm

    Oops I quoted Ted when I meant to quote our humble narrator.

  10. September 27, 2011 at 12:17 pm

    Now I understand why AD is a poverty-stricken, porn-obsessed, beta male who has to pay girls to touch him.

    Here’s a clue, son: One of the reasons people get rich is because they’re obsessed with making and saving money. If they immediately went out and blew their money on trinkets and whores, they never would have become rich in the first place.

  11. Mr Stricter
    September 27, 2011 at 12:34 pm

    F2BBS :
    Now I understand why AD is a poverty-stricken, porn-obsessed, beta male who has to pay girls to touch him.
    Here’s a clue, son: One of the reasons people get rich is because they’re obsessed with making and saving money. If they immediately went out and blew their money on trinkets and whores, they never would have become rich in the first place.

    There is a reason that basically every society hates misers and lauds the generous.

    Being wealthy with a good savings and a good standard of living is perfectly admirable.

    .Money for the sake of money used mainly to get more an power is pathological and endangers others. As such, for the same reasons as (and its in fact worse than) spraying a machine gun in public is illegal so should wealth hording be.

    basically once you have X (measured as a % of GDP in goods, not lands or services) you can’t have more (100% taxes) unless you grow the percent is how I’d do it. Other may have other ideas.

  12. September 29, 2011 at 7:33 pm

    wait, are you saying my approach is rational?

    http://www.inmalafide.com/blog/2011/08/19/debt-is-slavery/

  13. Rum
    September 30, 2011 at 2:03 pm

    Idle slackers will never control much of anything regardless of how numerous they might become. Hard working obsessives will always be their masters.
    It is a lot more FUN to be a winner than a whinner. The difference is big enough to justify a lot of effort, imho. YMMV.

  1. October 2, 2011 at 1:01 am
  2. October 3, 2011 at 5:04 pm
  3. October 26, 2013 at 4:53 pm

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