Last week, billionaire investor Tom Perkins of the venture capital firm Kleiner Perkins Caufield & Byers sent a letter to the editor of The Wall Street Journal likening criticism of the 1 percent to Nazi attacks on the Jews. Hes not an outlier. As Paul Krugman pointed out on Sunday, the rich have been lamenting the demonizing and vilifying of the 1 percent for years. I…suspect that today’s Masters of the Universe are insecure about the nature of their success, Krugman wrote. But the wealthy are not just afraid of losing their money to an angry middle class. Class warfare also makes the rich uncomfortable because they worry the non-rich are judging their character and personality by how much money they have, according to therapists who counsel the rich. I think that with Occupy Wall Street there was a sense of the heat getting turned up and a feeling of vilification and potential danger, Jamie Traeger-Muney, a psychologist who counsels people who earn tens of millions of dollars a year, told Politico on Thursday. There is a worry among our clients that they are being judged and people are making assumptions about who they are based on their wealth. -Erika
Posted on: Thu, 30 Jan 2014 20:30:00 +0000
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