this post was submitted on 21 Jun 2023
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Some More News, the podcast and YouTube show, has a great episode on this called "Are Rich people OK?". Basically, they dive into all the research suggesting that getting rich basically breaks people's brains. As relevant here, rich people tend to believe that they are rich because they are super smart, and that leads to them thinking any decisions they make must be correct because how could they be wrong?
The Some More News episode discusses this study which stuck with me
We have some not-close friends who are very wealthy. Not billionaires but very deep into the millionaire range. Mansions, fleet of expensive cars, private jet. That sort of thing. The husband took up all sorts of extreme hobbies. He does rather risky vacations and adventures (wife refuses to go with him because she’s more grounded and not willing to risk the lives of their kids). It’s almost like the husband has come to believe that being rich makes him immortal, as if any situation he might find himself in can be remedied with enough cash. He seems to not understand that there are simply some perils that all the money in the world cannot save you from.
Basically hyper charged Main Character Syndrome, further fueled by being able to pay your way out of (almost) anything, and surrounding yourself with people that only say "Yes".