The Sadness of the Billionaire

michael-bloomberg-one-percentMicahel Lewis revisits the problem of the extremely wealthy over at The New Republic. Money may not be able to buy you happiness after all, what it can do is corrupt your soul. This is the dark side that’s been seen since the times of the prophets. Or I suppose, since Lord Acton spoke about power. In the end it is all the same: the intoxication of wealth and its freedom reduces the sense of mutual obligation that grants our lives value.