A recent article on the BBC discusses the global concentration of wealth and how it is increasingly separating the wealthy of the world from the poor. And make no mistake: if a flirtation with a dread disease would wipe out your income and savings at a stroke, you are poor. You are not rich unless you could still make millions while dead.
Which probably explains the exuberance with which today’s crop of super-rich individuals work at looting the world. They do not yet have that stable, old money revenue stream. They are dependent on work. One heart attack, and their cash flow goes to zero. They take jobs at major banks, run spreadsheets constantly, and innovate ways of fleecing the world in order to line their pockets.
So what happens when the rich are too rich and the poor are too poor? The article concludes that the rich either have to spread the wealth or crack down harder. If they choose the latter course, they invite the day when, as the Lakota described it, the world will roll to and fro like a tired, angry old dog, trying to shake off the fleas sucking its blood.
So what do you want to do when you grow up? My recommendation: be virtuous. Live with dignity and bear up under hardships. You’ll keep your soul and you’ll need that for when capitalism is no more.