Delving further into its favorite class war between the Haves and the Have-Mores this weekend, The New York Times found that in Silicon Valley, people who are rich don’t feel rich compared to their very rich neighbors. And they'll try anything—even working a whopping twelve hours a day—to move into that next tax bracket. You know, the one that will make them feel a sense of superiority and self-worth and raison d'être. Just like us (you)!
Yes, many members of this “digital elite” feel bad about themselves because they are “surrounded by people with more wealth—often a lot more.” One gilded geek, Gary Kremen, pouts, “It’s just like Wall Street, where there are all these financial guys worth $7 million wondering what’s so special about them when there are all these guys worth in the hundreds of millions of dollars.” Reminds me of this story Keith likes to tell about sitting in the steam room of the 92nd Street Y with an inconsolable Daniel Seth Loeb, weeping over the fact that he made $150 million last year, sure, who cares about that when James Simons is spending that much on cigarettes annually?
But lest you think you and your West Coast brethren are too much alike, the Geek Squad makes sure to point out a notable difference: they feel bad about it. Sure, talent played a role in their good fortune, but so did “being at the right place at the right time” and many feel “sheepish, even at times guilty about their piles of cash.” See, they’re just as obsessed with money and chasing the top one-tenth of a percent (if squarely in the top one percent), or the top one-one-hundredth of one percent (if in the top one-tenth of one percent) as you, but in Silicon Valley, they’re introspective and self-doubting and have issues about their stacks of gold. Sometimes they even cry about it (when was the last time you shed some salty discharge over your bonus? And not the “I feel bad about my bonus because I got screwed out of three extra zeros so I'm going to silently weep about it in a little locked room” kind).
Which begs the question: Is it better to be a rich prick who questions his/her rich prickocity or a Dealbreaker reader? (I love you people, I do).
In Silicon Valley, Millionaires Who Don’t Feel Rich [NYT]






Posted by BayAreaGuy , Aug 06, 2007 3:25PM
"prickosity" seems to be the more common spelling by far:
http://www.google.com/search?num=50&hl=en&lr=&as_qdr=all&q=+prickosity
Posted by gilbert godfrey , Aug 06, 2007 3:44PM
who is this david darst guy from Morgan Stanley on cnbc and what is he doin tryin to impersonate me?
Posted by anon anon anon , Aug 06, 2007 4:06PM
as someone said alot: we all live better than Caesar etc. except the very rich fly private. [And they can hire flunkies to deal with real people (dealbreaker readers)]
Posted by Calgary Schmooze , Aug 06, 2007 4:29PM
I was waiting for Darst to shout out "Aflac!".
Posted by de Cosmos , Aug 06, 2007 6:29PM
That's right -- You aren't really rich until you fly private all the time.
Posted by beanspants1 , Aug 06, 2007 8:57PM
fly private??
You aren't rich until you have an army of slaves and that's a step above being a strongarmed dictator of a small African or Central American country.
fly private?? if you can't kill without repercussions, you better get back to work.
Posted by Shecky Buffett , Aug 07, 2007 9:56AM
What's the difference between a Bugatti Veyron ($1,700,000.00) and a cactus?
A cactus has its pricks on the outside!
Posted by wallstwife , Aug 07, 2007 1:46PM
I love you too Bess. Love this post.