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The Meaning of Wealth Translated Around the World
Wall Street Journal ^ | May 24, 2010 | Robert Frank

Posted on 05/25/2010 7:30:03 AM PDT by chickadee

We like to think the reasons for seeking wealth are universal. Humans, by nature, like to be comfortable, like to have power and like to have the choices and freedoms offered by lots of stuff and money.

Yet it turns out there are some regional variations in the meaning of wealth around the world.

The new Barclay’s Wealth Insights study, released this morning from Barclay’s Wealth and Ledbury Research, finds that the emerging-market rich view wealth very differently from the older-money Europeans and the slightly less nouveaux Americans.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Philosophy
KEYWORDS: philanthropy; respect; wealth
Wealth seems to be valued and respected much more in the rest of the world than in the U. S. - despite the fact that in the U. S., the wealthy give much of their wealth to philanthropical causes.
1 posted on 05/25/2010 7:30:03 AM PDT by chickadee
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To: chickadee

“We can read several things into the differences. Most obviously, the U.S. has a more formalized and tax-favorable system of philanthropy than the rest of the world. (It is too sweeping to say Americans are the most “generous.”)”

The fact that American tax law promotes philanthropy is proof in and of itself of the more generous nature of Americans.


2 posted on 05/25/2010 7:37:59 AM PDT by chickadee
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To: chickadee
"The fact that American tax law promotes philanthropy is proof in and of itself of the more generous nature of Americans"

And the fact that lots of American "charities" are shams that allow scumbags to hide profits and hold tax-exempt parties for celebrities shows that our rich guys are just as immoral as theirs.

3 posted on 05/25/2010 11:32:25 AM PDT by who_would_fardels_bear (These fragments I have shored against my ruins)
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