Money Isn’t Everything; Freedom Is.
There seems to be a pattern developing that your average 9-5 worker may not truly understand or have time to see–but it’s happening before their eyes. This pattern is playing out between rich and poor people and where both of them see value (yep, you guessed it, the former are a bit better than the latter at assigning value). I won’t define rich or poor, I’ll let you set that standard yourself since I still believe your notion of that will apply. I have noticed this after travelling to 4 continents in the last few years, meeting and talking with all walks of life from all different backgrounds.
What are the Rich Doing?
Rich people are examining the world before them in a set of tradeoffs and probabilities to weigh out what is valuable to them in the long run. Notwithstanding the tax increases happening in the West, the rich will settle for less money & “nice things” in effort to sustain what everybody would regard as a ‘normal life’ 5 years ago. This means that they will seek to preserve a living standard involving reliable electricity & internet, heating, good food (not slammed with preservatives, hormones or pesticides), hygiene in the streets, safety (especially for their children) & familiarity in their cultures. However, this may mean that their income level drops by a considerable 40, 50, 60% from what they have grown accustomed to receiving. It may mean not working at all for some years given language differences & lack of resources in the new area and simply working off of accumulated savings. If your portfolio and business is going through the roof with success, but your world is a state of collapse–what the hell is the point?
Close to Wall Street
Furthermore, the rich & wealthy are actively seeking to create their own parallel systems of value to utilize those around them the best (to have a sources for medicine, for meat, for entertainment, for transport, for payment, etc.). They will deploy capital they have now (while they view it to still have purchasing power) in effort to create their own sustainable life
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
