News stories and editorials which define the rich as “evil” greatly outnumber those which tell the other side of the story. Even those newspaper stories that do mention the good deeds done by the rich are rarely on the front page. As an example, consider the following newspaper [print version] headline: As a Disease-Fighting Fund Struggles, Bill […]
Billionaire’s Big Donation Receives Small Press Coverage Read More »
Will our economy improve? I believe it will; it has been improving for about the last two years. I know this because I have a special crystal ball that reveals the future! Actually, part of the crystal ball is in print form: the weekly editions of Automotive News. I am particularly interested in the production and sales
Our Economic Future on Wheels Read More »
You are contemplating pursuing a graduate degree. Several weeks after you take the Graduate Record Exam (GRE), your scores arrive in the mail. How do you rank? You discover that your verbal aptitude score is in the third quarter, or below average range. Naturally you are disappointed. If this was your score, would you still
Dr. King: A Leader of Leaders Revisited Read More »
Senator Harry Reid of Nevada recently stated: Only a tiny fraction of people making more than a million dollars [a year], probably less than 1 percent, are small business owners. And only a tiny fraction of that tiny fraction are traditional job creators. Most of these businesses are hedge fund managers or wealthy lawyers. They
High Income Super Bowl: Business Owners, 63; Hedge Fund Mgrs & Lawyers, 9 Read More »
One has to be amazed at the distorted views presented in the media and in the political arena regarding “the rich.” But Alan J. Reynolds does provide some objective reality in his editorial, “Tax rates, inequality and the 1%.” He first cites a statement from the Congressional Budget Office: The share of income received by the top 1%
1% versus 99%: Widening Income Gap? Not! Read More »
Are you feeling blue, even guilty or left out? You did not participate in the Black Friday madness. Perhaps you didn’t even take advantage of all those opportunities available on Cyber Monday. . . . Alternatively, you indeed might have been lucky and perhaps smart as well to have avoided following the crowd of more than 100,000,000
Black Friday Blues Read More »
Stories about the so-called “evil rich”, the ever controllinig 1%, are rampant in the news. But the good deeds of the rich, if reported at all, are many times buried in the back pages. Take for example the 3″ x 6″ article published in The New York Times, “Two Cheers for the Malaria Vaccine.”
Unhappy 99%ers: Sell Your US Citizenship to Chinese Millionaires Read More »
This comes from ConsumerismCommentary.com about Steve Jobs: Despite some fancy homes that often went unused and a moderately flashy car, Jobs seems to have taken the ideology of The Millionaire Next Door to heart. He continued to live his life mostly as he always had, not flaunting his wealth and not drawing too much attention
Steve Jobs: The Billionaire Next Door Read More »
As I have mentioned before, I am a University of Georgia football fan. Our arch rival is Georgia Tech. Yet for 364 days a year, I admire and even like Georgia Tech! I had many Tech graduates in the MBA classes that I taught at the nearby campus of Georgia State University. These men and women
Colleges Ranked: Tuition vs. Incomes of Graduates Read More »
Melissa from Scotland contacted me about a BBC news article which mentioned that a Scottish midwife, Jean Alexander, had left 1.6M pounds to a multiple sclerosis charity. The article mentioned that Ms. Alexander was considered to be a shrewd investor in the stock market. I suspect that she was not only shrewd, but also generous and lived below
The Millionaire Next Door: Light on Consumption, Heavy on Giving Read More »