The one thing we know for sure? The next inhabitant of the Oval Office will be rich.
“The proportion of jerkdom among the rich appears to be substantially higher than among the general population.”
Let’s say there was a shortage of some particularly essential natural resource. If someone used their personal wealth to hoard that resource for non-essential purposes, keeping it from people who needed it for life and health reasons, that would be… well, dystopian, right?
What Moonves should do is send the valet’s kids to college, or at least give them roles as extras on “Two And A Half Men.”
The summer edition of WSJ. Money is out, AKA, Rich People Magazine (or as editor Mike Miller put it, the magazine “for people who are voyeuristically interested in the high end and are at the high end”), and it doesn’t disappoint.
Dissent has published a smart primer by Joanne Barkan on “how to effectively criticize big philanthropy.” The piece uses education reform as a way to talk about how unregulated mega-foundations can exert influence on policy outside of the democratic process. Barkan talks us through a few common “challenges” you might hear when, say, you have a little too much wine at a dinner party and decide it’s time to be that guy.
Paul Sullivan at the Times covers the strangely inconsistent and subjective ways fancy private schools dole out financial aid to prospective students. In a world where tuition is so expensive even parents who make hundreds of thousands of dollars a year apply for financial aid — and get it! — each school has its own system, and lemme tell you, it ain’t no FAFSA.
Do you know what “venture capital” is? I do now, but once I did not, and I met a venture capitalist at a party, and she was like, “What do you do?” and I was like, “I work at a start up” (about which more here) and she was like, “Oh, great! I’m in VC!” and I had to nod and laugh and pretend I knew what she was talking about because I am scared to look stupid, lest someone force me to take the SATs again.*
This Men’s Journal profile of the unlikely pursuit of billionaire Tom Steyer is excellent. Steyer takes the writer, Joe Hagen, for a hike, squeezes Meyer lemons, yells into canyons, drives an old hybrid Honda Accord, and says that anyone who doesn’t see that his former employer Goldman Sachs “got deferential access and deferential outcomes,” is a “fucking idiot.”
Tom Perkins talked with Emily Chang on “Bloomberg West” last night, explaining his position that the rich have been threatened by calls by the poor and middle class for a more equal society. He also said the watch he was wearing was worth a “six-pack of Rolexes.” You can see more clips at Bloomberg TV.
Steve McQueen — the one who is alive and directed 12 Years a Slave — interviews Kanye West for Interview Magazine and it is kind of amazing.
So you talk about doing all of these other things, which is great, but there’s really no amount of money that could make you more influential than you are now. So my question is: What are you going to do with all of the influence that you have right now?