The one thing I wondered when reading that 100% of people who make over $500,000 are very happy is whether rich and powerful people WANT the middle class to stay poor. Popular media loves to report that money doesn’t buy happiness beyond a very average level of income. But it’s clear that the rich have successfully manipulated the gullible media into making us believe the rich are not safe and happy with their wealth, when they really are.
Part of the reason why I write is to highlight so many of the absurdities that go on in this crazy world. And for some reason, a lot of the absurdities have to deal with government-funded policies e.g. Have a $1,000 child tax credit per child if you make below a certain income level despite our reports saying that it costs $250,000+ to raise a child into adulthood. Thanks to conflicting signals, can we really blame some families for having five children and staying on welfare their entire lives?
The happiness and income survey is anonymous and provides no incentives for participants to vote differently from how they feel. Therefore, it’s highly likely that a large majority of people who do make over $500,000 a year are much happier than those who make less. The only people who say money doesn’t buy happiness are those with no money to make themselves feel better, and those who have a boatload of money and don’t care about money anymore.
In order to feel rich, you must make or have more than the average. Even if you earn only $30,000 a year, you’ll feel rich if the average person earns $20,000 a year. But if the middle class grows more wealthy, then the rich won’t feel as rich anymore.
Given the rich and powerful like to mingle within their own circles, it becomes extremely difficult for the rest of us to get ahead in society because everybody just takes care of each other. A middle class person has to be an exceptionally brilliant, hard working, or lucky to move into the rich class where hopefully they’ll stay for a couple generations until the third generation wastes it all because they don’t understand what it takes to get ahead.