Maverick Philosopher

Nihil philosophicum a me alienum puto

To promote independent thought about ultimates. Philosophy, commentary on the passing scene, and whatever else turns my crank. Since 4 May 2004. By William F. Vallicella, Ph.D., Gold Canyon, Arizona, USA. Motto: "Study everything, join nothing." (Paul Brunton) Latin Motto: Omnia mea mecum porto. Turkish motto: Yol bilen kervana katilmaz. (He who knows the road does not join the caravan.) All material copyrighted.

Wealth and Poverty

Wealth and poverty are both overrated. Money cannot buy happiness. And non-possession is not the same as non-attachment. The poor are just as attached as the rich, the only difference being that they are attached to what they do not possess.

Posted by William F. Vallicella on Thursday May 24, 2007 at 4:58pm
Biblioholic Bill (mail):
Far superior to non-attachment is ambition to better the world, for which wealth is that ambition's amplifier. You confuse wealth with mere sumptuousness of possessions thoughtlessly acquired,
in the name of which you fallaciously declare
that wealth itself is overrated,
when it's a foundation of Western Civilization,
the first that enabled everyone to produce it.

The poverty that is overrated is here in America, where the so-called poor have the same average income as did all of America in 1960, and much better entertainment and medical services than then. You know where to find the hundreds of millions stuck in real poverty, and outright slavery, so poverty is most definitely not overrated concerning its ability to crush the humanity out of a people.

What is over-rated is resignation to the lack of the wealth we would have had were it not for the last century-plus of insane statist intervention in America's economy, by the hydra-headed left in all its various dreadful embodiments, a blind bull in the china shop of civilization.

Yes, money can't buy happiness,
but in the employ of wisdom
wealth can bring satisfaction
at the world-betterment it funds.

That's why I keep on inventificationizing.
If it weren't for the wealth
for which inventors work so persistently
our daily lives would still be at about 1750AD, at best.

Yes, wanting just to have wealth merely handed to you
is spiritually corrosive, but
earning wealth by creating it is a tough job,
so there have to be many people who want wealth,
for there to be some who work for decades to create it,
else it languishes unborn, a fate guaranteed by Leftism's successes.
5.24.2007 9:29pm
Dave Gudeman (www):
B. Bill, I'm making ten times now what I made in grad school. I can go out today and without a thought buy things that I couldn't even afford back then. But I'm no more satisfied today than I was back then. And it isn't because I don't have the wisdom to know what to buy to make me satisfied; it's because there is nothing I can buy that will make me satisfied. No matter how thrilling a new purchase is, in a few weeks at most, it will be just another thing I own. And as far as that goes, the new $700 mobile phone that I just bought is no more thrilling to me today than the $50 Casio was back then.

If you are relying on wealth to make you happy, satisfied, or fulfilled, then I feel sorry for the disappointment that you have in store for you.

Some days I wish that I could go back to living in a studio apartment, driving a 15-year old car, and doing computer-science research for twelve hours a day. There was some real satisfaction in that life.
5.25.2007 10:15am
Bill Tingley (mail) (www):
Hi, Bill.

Seeing that you are speaking of the utility of wealth personally as opposed as to macro-economically, you are not (pace Biblio Bill) confused. It is must be one of the trials of the pithy that they cannot always rely upon the commonsense of others to impart the necessary meaning to their few words.

That said, I agree that money cannot buy happiness. However, I'm not so certain that the rich are as attached to their things as you say. I know you are painting with a broad brush to make a point, but it has been my experience that those who build fortunes are not generally materialistic.

So I would like to suggest that the commonality for attachment you have identified in the rich and the poor is a trait shared by the unproductive of those classes. When you know you can produce -- i.e., take something and add value to it, in short create wealth -- you do not have a strong desire to cling to things. At least not as strong as the unproductive.

Contrast this to the coupon clippers and the welfare queens. The former hangs on tightly to what they got. The latter lusts for what they do not have. Both do so because neither are creators of wealth.

Regards, Bill T
5.25.2007 12:56pm
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