• Wealth Therapists Now Exist to Help Super Rich Cope with Hardships

    October 24, 2015 // 5 Comments »

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    Sure, 99 percent of us have problems: Can we feed our kids? Will we lose our home to predatory lending? How can we access decent healthcare? That sort of thing.

    But rich people have problems, too. Luckily, a group of brave psychiatric professionals, dubbed “wealth therapists,” have emerged to come to their aid.

     

    The UK Guardian (America’s best newspaper) profiled Clay Cockrell, a former Wall Street worker turned therapist, who spends his days helping New York’s wealthiest people.

    So what issues are America’s One Percent struggling with? Cockrell tells us there is guilt over being rich in the first place, which makes the rich feel that they have to hide the fact that they are rich. And then there is the isolation – being in the One Percent, it turns out, can be lonely.

    And the problem is growing. According to Oxfam, the richest One Percent have seen their share of global wealth increase from only 44 percent in 2009 to 48 percent in 2014. It will break 51 percent by next year.

    The wealth therapists also say things have only gotten worse for their clients since the debate over income inequality that has been spurred on by movements like Occupy Wall Street.

    “The Occupy Wall Street movement singled out the One Percent and painted them globally as something negative,” said Jamie Traeger-Muney, another wealth psychologist. “I am not necessarily comparing it to what people of color have to go through, but it really is making value judgments about a particular group of people as a whole.”

    Traeger-Muney specializes in the unique issues inheritors face. “You can come up with lot of words and sayings about inheritors, and not one of them is positive: spoiled brat, born with a silver spoon in their mouth, trust fund babies, all these things,” she said, adding “I am shocked by things that people say. If you substitute in the word Jewish or black, you would never say something like that.”

     

    Hyper-wealthy, we all feel your pain. Thus, today, we are all part of the One Percent. #WealthyLivesMatter (say the wealthy.)

     

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    Homeless Guy’s Sign, Four Blocks from Koch Brothers’ Apartment

    July 11, 2015 // 7 Comments »

    2014-10-20 20.45.22

    There’s a homeless man I see from time to time near where I live. He sometimes begs for money. Sometimes people give him food, sometimes he forages in the trash. There’s his sign, written on the lid of an old cooler.

    In America’s richest city, four blocks from where the Koch Brothers live, in a nation that has allocated $1.57 trillion to fund the wars in Iraq and Afghanistan, including $92.3 billion in fiscal year 2014, we don’t have much to offer this guy.

    There are about 3,357 unsheltered people living on New York’s streets, like the guy who wrote the sign shown here, a six percent rise from 2013 to 2014. There are luckier ones. New York has 53,615 people who live in homeless shelters.

    At the same time, overall property values for those who have places to live rose 10.4 percent across New York. Between 2003 and 2013, the number of New Yorkers with a net-worth of over $30 million rose higher than any other city in the world besides Singapore and Hong Kong,

    We are willing to send humanitarian aid to Iraq and Syria, but not to our homeless in America. There’s your story for today.




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    Copyright © 2020. All rights reserved. The views expressed here are solely those of the author(s) in their private capacity.

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    Posted in #99Percent, Democracy, Economy, Minimum Wage