From TODD WALTON
“ Of all classes the rich are the most noticed and the least studied.” John Kenneth Galbraith
I know people who own nice houses and multiple cars and have sufficient wealth to eat and drink whatever they want to eat and drink, and to take occasional vacations, too, yet they do not consider themselves rich. That is, they do not think of themselves as people who should pay higher taxes because, well, they feel they pay high enough taxes as it is, too high, actually, and besides, they aren’t part of that one per cent we hear so much about, those multi-millionaires and billionaires who pay no taxes at all. These people I know don’t own three and four homes, for goodness sake. Some of them own two houses, and maybe a rental or two, but no one ever gave them a golden parachute. They voted for Clinton and Obama. They proudly click buttons on web sites to indicate their opposition to icky pipelines and their sympathy for homeless people and their support for endangered species. So…now their houses are plummeting in value, their stock portfolios are crashing, and the price of everything edible and the price of anything that produces heat and electricity and horse power is skyrocketing, so it’s not as if these people have much to spare. In fact, when you add everything up, these people I know with houses and money are, relatively speaking, poor, though the words poor and rich are not precise terms; so let’s just say that these people I know with houses and cars and money are adamant that they are not rich.
“A rich man is nothing but a poor man with money.” W.C. Fields
I was six-years-old when my family moved from a tiny house in a working class neighborhood in San Mateo to a three-bedroom house in Atherton. For those of you unfamiliar with Atherton, it is a town of eight thousand residents and their servants not far from Stanford University, twenty-seven miles south