On the Sociology of Wealth, 2016
Overview
The wealthy are caught in the high-beam headlights of toxic rhetoric around equity, inequality, greed, power, excessive affluence, and influence of the wealthiest 1 percent. This has become a hot issue in the political environment, where both old media and new social media continue to add data that fuels the growing anger toward, and mistrust of, wealth. It raises the question of what are realistic responses for those with wealth, the families and individuals who are in the 1 percent, even if their wealth is nowhere on the scale of the very wealthiest.
Families of wealth and their advisors can begin by asking some practical questions as the basis of family discussion and action around how families can leverage passion, will, creativity, and wealth to make the world a better place.