Discussion about this post

User's avatar
dysphemistic treadmill's avatar

Great essay, and fun to read.

Years ago I was a poor grad student at Rich Ivy, where we TAs knew that we were merely the hired help for the *real* students, the undergrads. Before my TA session started one day, I overheard one of my charges-- an obvious rich kid from generations of wealth -- say with casual languor a line he had clearly heard from his ancestors: "well, some people work for their money, and some people's money works for them." His understated smugness made it clear which kind he was.

He was talking about capital. About having so much wealth that the return on your investments pays out a steady stream of interest big enough to support you, big enough to satisfy all of your desires. The money that most people earn by working a job, some rich people receive just by watching the interest roll in.

There was another undergrad in the class, a young striver from a different background, who had no idea what he had just heard. "What do you mean, their money works for them? What does that mean?" For him (as for me), money was the thing that's gone as soon as you get it, the thing that never piles up because you already owe it in arrears, the thing that recedes as you chase it, always vanishing in front of you when the car breaks or you chip a tooth.

I had been around wealthy people long enough to understand what I had heard, but I also understood the other kid's incomprehension. How can you have so much money that it just sits there paying you a salary? How can you have so much that you'll never have to work again?

Sorry to go on like this. You said it better here:

"People say they want to be rich. I think what they really want is to be free."

PT Wilx's avatar

It’s funny how the acquisition of money can make us richer but also poorer at the same time. I feel like your essay catches this so beautifully. From my own experience, I know that there are aspects of this world that you only really understand when you have experienced scarcity—but that you can lose that understanding, if you later find yourself on steady ground. You can even feel it lifting away. You actually have to hold onto it.

Or—maybe that’s just me. But your essay resonates. Your great grandmother gave you an inheritance that maybe wasn’t money but it was riches. And that inheritance included the ability to see the world through her eyes. It’s the kind of ability that I could imagine a MacArthur and all the rest might actually take away from a person. And it sounds like you yourself have worried that it might. This essay is such a lovely way to confront that possibility, and by putting it in writing, to defeat it. And then on top of that, to share your great grandmother’s riches with the rest of us! Thank you for that.

6 more comments...

No posts

Ready for more?