Dan Gillmor

Poor Widdle Rich Babies

NY Times: In Silicon Valley, Millionaires Who Don’t Feel Rich. (M)any such accomplished and ambitious members of the digital elite still do not think of themselves as particularly fortunate, in part because they are surrounded by people with more wealth — often a lot more. When chief executives are routinely paid tens of millions of dollars a year and a hedge fund manager can collect $1 billion annually, those with a few million dollars often see their accumulated wealth as puny, a reflection of their modest status in the new Gilded Age, when hundreds of thousands of people have accumulated much vaster fortunes.

Envy and greed: what a great country.