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The Poorest Rich Kids in the World

rollingstone.com

1–10 of 38 posts

Re: The Poorest Rich Kids in the World

#3

People occasionally scoff at "money doesn't buy happiness", but it's an incredibly true statement. There are homeless people who are objectively happier (and often, healthier) than some of the richest people in the world.

I feel this needs a ridiculously large citation needed. It is trotted out a ton, but I can't help but hear the lyrics from Everclear's "I will buy you a new life"

    I hate those people who love to tell you
    Money is the root of all that kills
    They have never been poor
    They have never had the joy of a welfare christmas

Re: The Poorest Rich Kids in the World

#4
post #3

People occasionally scoff at "money doesn't buy happiness", but it's an incredibly true statement. There are homeless people who are objectively happier (and often, healthier) than some of the richest people in the world.

I feel this needs a ridiculously large citation needed . It is trotted out a ton, but I can't help but hear the lyrics from Everclear's "I will buy you a new life" I hate those people who love to tell you Money is the root of all that kills They have never been poor They have never had the joy of a welfare christmas

After reading that article, you still want a citation showing that someone could be homeless and happier than those kids? ReallY? Maybe re-read the article?

Re: The Poorest Rich Kids in the World

#5

  The twins' father, Walker Inman, 57, lumbered from the 
  mansion, his tattooed sleeves visible under a black T-
  shirt, drinking his morning rum ... He'd been full of 
  dangerous mischief since he was a child. As a 13-year-old 
  orphan in 1965 taken in by his aunt Doris Duke, Walker – 
  then called "Skipper" – had romped around her lavish 
  14,000-square-foot Hawaiian estate without regard for 
  property or propriety
That single word "orphan" is the most important part of this article. The reason this piece is so bizarre is that the sorts of traits that allow you to build great fortunes in business[1] are anti-correlated with those that result in becoming a tattooed, drunk, abusive, morbidly obese, criminally-inclined drug addict. Put another way, the kind of guy who would build up a fortune like that would be unlikely to have a biological son like this. In America we're supposed to pretend that DNA doesn't matter, and that you can only pass down looks/height and not brains/behavior, but reality doesn't work like that [2,3,4]. Babies put up for adoption at birth in particular tend to disproportionately be children of parents with low impulse control and mental disorders, and at least some of that appears to be due to the genetics of the parents above and beyond the orphanage conditions [5]. Sounds harsh, but good to know if you're considering adopting.

[1] Celebrities and athletes are of course excluded from this sentence. They don't become wealthy through scaling businesses/managing people, and as such have a much higher incidence of behavioral issues. Many NBA and NFL athletes are bankrupt after a few years out of the league, in fact.

[2] http://www.yale.edu/scan/GT_2004_NRN.pdf

[3] http://www.amazon.com/The-Blank-Slate-Modern-Denial/dp/01420...

[4] http://www.zo.utexas.edu/courses/kalthoff/bio346/PDF/PowerPo...

[5] http://www.time.com/time/health/article/0,8599,1737667,00.ht...

  The Minnesota psychologist and her colleagues found that 
  disparity could be due as often to innate factors such as 
  perinatal care or his birth parents' genes. "The 
  deleterious effects may quite possibly have come before the 
  adoption ever took place," Keyes, the study's lead 
  researcher, says.

Re: The Poorest Rich Kids in the World

#6
post #5

The twins' father, Walker Inman, 57, lumbered from the mansion, his tattooed sleeves visible under a black T- shirt, drinking his morning rum ... He'd been full of dangerous mischief since he was a child. As a 13-year-old orphan in 1965 taken in by his aunt Doris Duke, Walker – then called "Skipper" – had romped around her lavish 14,000-square-foot Hawaiian estate without regard for property or propriety That single…

The excerpt you cite is from the first 5% of the article. Have you read the whole thing? There is more than enough evidence in this piece to show that nurture was very much a factor here, regardless of whether nature was or not.

Re: The Poorest Rich Kids in the World

#7
post #3

People occasionally scoff at "money doesn't buy happiness", but it's an incredibly true statement. There are homeless people who are objectively happier (and often, healthier) than some of the richest people in the world.

I feel this needs a ridiculously large citation needed . It is trotted out a ton, but I can't help but hear the lyrics from Everclear's "I will buy you a new life" I hate those people who love to tell you Money is the root of all that kills They have never been poor They have never had the joy of a welfare christmas

http://en.wikipedia.org/wiki/Hedonic_treadmill

Re: The Poorest Rich Kids in the World

#8
post #5

The twins' father, Walker Inman, 57, lumbered from the mansion, his tattooed sleeves visible under a black T- shirt, drinking his morning rum ... He'd been full of dangerous mischief since he was a child. As a 13-year-old orphan in 1965 taken in by his aunt Doris Duke, Walker – then called "Skipper" – had romped around her lavish 14,000-square-foot Hawaiian estate without regard for property or propriety That single…

Both tattoos and obesity are inextricably tied in with social class; as a general rule, the very wealthy are far less likely to become obese or get tattoos, for a variety of reasons. That leaves "drunk" and "drug addict"; what's your basis for claiming that the children of wealthy businessmen are unlikely to have substance abuse problems?

Re: The Poorest Rich Kids in the World

#9
post #3

People occasionally scoff at "money doesn't buy happiness", but it's an incredibly true statement. There are homeless people who are objectively happier (and often, healthier) than some of the richest people in the world.

I feel this needs a ridiculously large citation needed . It is trotted out a ton, but I can't help but hear the lyrics from Everclear's "I will buy you a new life" I hate those people who love to tell you Money is the root of all that kills They have never been poor They have never had the joy of a welfare christmas

Dan Gilbert's "Stumbling on happiness", along with his works. Basically, since you don't have a comparison point between the stuff that you have, and they stuff that you don't have - it won't affect you.

In fact, there are a quick Ted talk about that, you can search for his name.

Re: The Poorest Rich Kids in the World

#10
post #3

People occasionally scoff at "money doesn't buy happiness", but it's an incredibly true statement. There are homeless people who are objectively happier (and often, healthier) than some of the richest people in the world.

I feel this needs a ridiculously large citation needed . It is trotted out a ton, but I can't help but hear the lyrics from Everclear's "I will buy you a new life" I hate those people who love to tell you Money is the root of all that kills They have never been poor They have never had the joy of a welfare christmas

"When plotted against log income, life evaluation rises steadily. Emotional well-being also rises with log income, but there is no further progress beyond an annual income of∼$75,000. Low income exacerbates the emotional pain associated with such misfortunes as divorce, ill health, and being alone. We conclude that high income buys life satisfaction but not happiness, and that low income is associated both with low life evaluation and low emotional well-being."

Daniel Kahneman and Angus Deaton "High income improves evaluation of life but not emotional well-being" PNAS 2010 107: 16489-16493. http://www.pnas.org/content/107/38/16489

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