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Krugman begins: "One of the disadvantages of being very wealthy may be that you end up surrounded by sycophants, who will never, ever tell you what a fool you're making of yourself."

Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)
Portrait, New York Times columnist Paul Krugman, 06/15/09. (photo: Fred R. Conrad/NYT)



Pathetic Plutocrats

By Paul Krugman, The New York Times

21 December 11

 

ne of the disadvantages of being very wealthy may be that you end up surrounded by sycophants, who will never, ever tell you what a fool you're making of yourself. That's the only way I can make sense of the farcical behavior of the wealthy described in this new report from Max Abelson:

Cooperman, 68, said in an interview that he can’t walk through the dining room of St. Andrews Country Club in Boca Raton, Florida, without being thanked for speaking up. At least four people expressed their gratitude on Dec. 5 while he was eating an egg-white omelet, he said.

"You’ll get more out of me," the billionaire said, "if you treat me with respect."

What's truly amazing is that they're hearing things that aren't actually being said. Obama and others say that the rich have had huge income gains relative to everyone else, so they should be asked to pay somewhat higher taxes; the rich hear that and it comes out "you are all evil".

What I want to know is, how did these people get where they are with such incredibly thin skins? Can you become a Master of the Universe while screaming "Ma, he's looking at me funny!" at every hint of criticism?

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