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The Daily Dose of Reason

Attitudes About Wealth

Daily Dose of Reason - Society & Culture
  
Monday, 08 February 2010 00:00

moneyI tend to take the following policy towards anyone who has a lot of money: Assume they made it honestly and through their own efforts unless there’s evidence to the contrary. This is admittedly more complicated and confusing in a mixed economy. In a mixed economy, there are government subsidies and even “invisible” favors that take place that will lead to wealth accumulation in certain cases, involving certain people, that otherwise would never have occurred. HOW often is this the case? I don’t know. Nevertheless, I find it easier on the psyche and the need for benevolence and optimistic-realism to assume that IF someone made a lot of money, good for them, and assume they made it through the voluntary exchange of value for value as opposed to something that came out of socialism or the political deals of the mixed economy.

There are other factors that could generate disgust in the context of wealth. For example, someone may make millions of dollars selling something on the free market that you find disgusting—a movie you can’t stand, a work of art you can’t stand, or music you detest, or whatever it is. When I see a rich rap singer, I’m disgusted because he made all that money through lack of talent and the bad taste of millions; I'm disgusted for these reasons, not because he has money. In a free society, prostitution would be legal (not that it doesn’t exist in a black market now, like drugs), or drugs would be legal—but if someone achieved economic success with those trades you probably wouldn’t want to spend time admiring them. In these cases, of course, it’s not the accumulation of wealth itself that disgusts you, but the fact that people want to pay money for certain things that bothers you. I don’t hate capitalism because of that rich rap singer. My support and love for totally free-market capitalism isn’t one bit reduced or sullied by the success of that rap singer. My respect for millions of Americans, and their lack of taste, IS sullied, but that’s not because of capitalism—it’s the individuals who pay for it that I blame, not the system.

 

Relax...But

Daily Dose of Reason - Psychology & Self-Improvement
  
Sunday, 07 February 2010 00:00

relaxSometimes -- not always, but sometimes -- it's good to defer relaxation. By deferring relaxation, you make the quality of your relaxation time better, even if the quantity is somewhat smaller. By “quality” I mean a feeling of satisfaction while you are relaxed, rather than an ever-present sense of guilt over what you should be doing, but aren’t doing as you “relax.”

It’s very bad to have relaxation/refueling become associated with guilt. The two should not be mixed, and don’t have to be. Either you have objectively earned the relaxation time, or you haven’t. (You have to be the objective judge of this). If you have earned it, then fully enjoy it. Send guilty thoughts away. If you haven’t earned it, then change from the relaxation to your “to do” list. Then go on, later, to the earned relaxation.

Spend time actually thinking about how much relaxation/refueling time you need and deserve. Then be at peace with it.

 

It's Called Rational Self-Interest

Daily Dose of Reason - Quotations
  
Saturday, 06 February 2010 00:00

question2I try to hire people who want my job; they make me look good.

--Larry Flynt

 

Stress

Daily Dose of Reason - Quotations
  
Friday, 05 February 2010 00:00

stressStress is an ignorant state. It believes that everything is an emergency.

-- Natalie Goldberg

 
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