Love of Money

Is it morally wrong to be “filthy rich”? Researchers at the University of Southern California and the University of Massachusetts Amherst examined how people across 20 countries judge excessive wealth. People in wealthier, more equal societies are actually more likely to view having too much money as morally wrong compared to those living in poorer, more unequal countries.

The research involved over 4,300 participants from nations as diverse as Belgium, Nigeria, Switzerland, and Peru. While you might expect people in struggling economies to resent the ultra-rich more, the opposite appears to be true.

The study found that people do not find excessive wealth very immoral across all countries. But more equal and wealthy societies like Belgium and Switzerland consider having too much money more wrong than less equal societies.

This suggests that when basic needs are met and inequality is lower, people become more sensitive to the potential harm caused by concentrated extreme wealth. Meanwhile, in developing nations where billionaires might represent hope for economic advancement, excessive wealth is viewed more favorably.

The researchers reference a 2023 statement by Elon Musk, currently the world’s richest person, who said it’s morally wrong to use the word “billionaire” as an insult if the individual uses their wealth to create products making millions of people happy. This perspective aligns with Western thinking that prioritizes happiness maximization as a moral good.

The luxury of moral criticism of excess may be more affordable for wealthier communities. Meanwhile, in developing nations, billionaires might represent aspiration rather than moral failure.

Possible Preaching Angle: Money; Money, love of; Wealth – The Bible does not condemn wealth, as such, since Abraham, Job, and Solomon, among others, were very wealthy individuals. The Bible does warn about the love of money (1 Tim. 6:10), the oppression of the poor, and making money ones security (Matt. 6:19)

Hope springs eternal for sports bettors, as they typically expect to break even on future wagers even when they have consistently lost money in the past.

Now we know roughly how overconfident many gamblers are. A study by Stanford University researchers finds that the average online sportsbook customer expects a gain of 0.3 cent for every dollar wagered. In reality, sports bettors lose an average of 7.5 cents per dollar wagered, reflecting “widespread overoptimism about financial returns,” according to Matthew Brown lead author of the study.

The study also found that 20% of participants reported betting too much. To promote responsible gambling, online sportsbooks have rolled out features making it easy for users to track their results over time. But since most sports bettors are overly optimistic about their future betting, those measures likely won’t do much to curb problematic gambling,

Brown says. “Even when bettors know their past losses, they remained optimistic about the future, so that particular approach to consumer protection might not be enough,” he says.

Possible Preaching Angle:

As online gambling infiltrates society (and the church), there are more opportunities for temptation, people can hide their gambling addiction by not leaving their home. How many secret addicted gamblers are there in our churches?

They're colorful, valuable, and make the most delightful noise shaking around in their box … and to the trained criminal eye, they glitter nearly as valuably as uncut diamonds. What are they? Humble Lego sets.

Recently, thieves have begun targeting Lego sets as (relatively) high value and nearly untraceable goods. Why? The brick toys are in massive demand, can be instantly resold, command high prices for hard to find or mint condition sets, and are extremely difficult to track as stolen goods. Over the years, Lego sets have become more elaborate — for example, Lego recently released a kit of the Millennium Falcon, comprising 7,541 pieces and, notably, retailing for $849.95. An unopened Lego Star Wars Cloud City set from 2023 will set you back $7,000.

A Lego crime ring was recently busted in southern California where police said they found 2,800 boxes of Lego, with individual values ranging from $20 to “well over” $1,000. They included Star Wars, Harry Potter, and Marvel sets. In similar recent cases thieves smashed their way into stores and made off with around $100,000 worth of Lego kits.

“Ten years ago, I just couldn’t have imagined it — I did not think our little hobby was the kind of thing that would attract that kind of crime,” said Graham E. Hancock, editor of Blocks, an enthusiast magazine.

Possible Preaching Angles:

1) Value - It's a fascinating case study in value—sometimes the easily overlooked things right under our noses are more interesting or valuable than we think; 2) Greed; Temptation – The sinful desire for wealth can lead to sin, destruction, and judgment; 3) Meaning; Purpose - The Bible often speaks of the emptiness of material possessions and the search for true meaning and purpose in life. People’s obsession with Lego sets might reflect a deeper longing for something more.

Jimmy Donaldson, also known online as MrBeast, has become a benevolent YouTube star for his provocative brand of philanthropy. He’s given away homes, cars, a private island, and lots and lots of cash. Usually, it comes with a dark twist: Once, he offered a man $10,000 a day for each day he was willing to live in a grocery store without leaving. In his most popular video, “$456,000 Squid Game in Real Life!” 456 people competed in a game show inspired by the dystopian Netflix drama “Squid Game.” (In the Netflix show, down-and-out contestants play deadly versions of children’s games to win $38 million.)

In March of 2024 MrBeast announced “Beast Games,” and thousands of people jumped at the chance, posting on Reddit threads about the application process and waiting hopefully to be accepted. The prize: $5 million.

Familiar with MrBeast’s content and with the lengths to which those who appear in his videos must go in order to win, many expected outlandish and even potentially risky challenges.

During an intake process this year, several contestants told The New York Times that they had been asked whether they would be willing to be buried alive or travel to outer space. One contestant recalled being asked if she would be able to swim to shore if thrown overboard from a boat. “I understand that such activities may cause me death, illness, or serious bodily injury, including, but not limited to exhaustion, dehydration, overexertion, burns, and heat stroke,” read a line in a contract that applicants were required to sign. (Such language is commonplace in reality television contracts.)

In screenshots from a group chat, some of the contestants appeared unbothered by the experience. They had signed a contract that they were willing to die for this.

Possible Preaching Angle:

Martyrdom; Money, love of; Risk – Throughout history, many people have given their lives for causes they felt were noble and worthy. Others have risked their lives for personal gain or glory. The question is, what are you willing to give your life for?

Fine dining typically means splurging a little for high-quality meat or fresh seafood. But what if money were truly no object?

Restaurant owners and chefs around the world create original dining experiences for those who want unique experiences. You know, like spending nearly $10,000 on a pizza or $1,000 on an ice cream sundae.

Here are a few of the world’s most expensive meals:

• Masa — New York. Dinner Omakase menu per person: $750 sushi-eating experience.

• SubliMotion —Dubai. Dinner per person: around $2,000. That’s more than the average family will spend for an entire month on food.

• De Daltons – The Netherlands. The Golden Boy Burger: $5,532.79. Chef Robbert Jan de Veen’s “The Golden Boy” is made with 100% Wagyu A5 meat, as well as Beluga caviar, king crab, Spanish Paleta Ibérico, white truffle, and English cheddar.

• Renato Viola — Salerno, Italy. Louis XIII Pizza: $9,184.32. Pizza toppings include: mozzarella di bufala, lobster, and caviar all flown in from all different parts of the world.

• The Fortress Resort and Spa — Sri Lanka. The Fortress Stilt Fisherman Indulgence Dessert: $14,500. The dessert features Italian cassata flavored with Irish cream with a pomegranate and mango compote. The base is adorned with an 80-carat aquamarine stone.

Possible Preaching Angles:

(1) Salvation and The Lord's Supper—They're both offered free of charge (although Jesus paid the price that we could never have paid), and the Lord's Supper is better than anything on this list. (2) Social Justice—While millions of people are malnourished, a few people can afford outrageously expensive, luxurious meals. (3) Simplicity; Provision—God promised to provide daily bread, not daily slice of "Louis XIII" pizza. (4) Hospitality—Hospitality is more about love and openness than about trying to offer a "world's best meal." Encourage people to keep it simple.

Palmer Luckey, is a billionaire tech entrepreneur who founded Oculus and parlayed that fortune into a career as a Silicon Valley defense contractor. Luckey collects cars and he needed a place to store them. According to Forbes, when his classic car collection had outgrown his $12.5 million oceanfront mansion in Newport Beach, California, the solution was obvious: Buy the $3.8 million house across the road, demolish it, and build an elaborate 7,000 square foot building with four car elevators.

The project went smoothly — until Luckey got trapped in his own car elevator for 10 minutes. That’s according to a new lawsuit Luckey took out against the contractor responsible for building the elevator.

According to the lawsuit, this has happened more than once and led to millions of dollars in damages. Custom Cabs and construction company WT Durant, who are the defendants in the case, have denied Luckey’s allegations. Custom Cabs told Forbes that it had filed a motion to strike the lawsuit’s claims. WT Durant said it had worked with Luckey several times before this incident and that he’d never before had an issue.

Possible Preaching Angle:

Wealthy people are often tempted to spend their money indulging in luxuries and extravagant items. On the other hand, the poor are struggling more and more. They experience severe challenges like hunger, lack of housing, and inequality. This situation highlights the growing divide between the rich and the poor which is a significant issue in our society. God’s people are called to be generous and share the blessings God has given to them (Luke 6:38; 1 John 3:17)

The cacophony of slot machines, dice rolls, and card shuffles is what usually comes to mind when people think of gambling. The more pervasive way to gamble that has become more popular over the years is with your cellphone.

The computers in our pockets provide us with 24/7 access to sites and apps that facilitate our bets for us. People can’t even watch a sports game on their phone without being inundated with ads for fantasy sports platforms. Why not combine phone addiction with gambling? What’s the worst that could happen?

Writing in The Atlantic, Christine Emba anticipates the dreadful impact:

In a sense, Americans have been training themselves for years to become eager users of gambling tech. Smartphone-app design relies on the “variable reward” method of habit formation to get people hooked—the same mechanism that casinos use to keep people playing games and pulling levers. When Instagram sends notifications about likes or worthwhile posts, people are impelled to open the app and start scrolling; when sports-betting apps send push alerts about fantastic parlays, people are coaxed into placing one more bet.

Smartphones have thus habituated people to an expectation of stimulation—and potential reward—at every moment. Timothy Fong, a UCLA psychiatry professor and a co-director of the university’s gambling-studies program, said, “You’re constantly surrounded by the ability to change your neurochemistry by a simple click. There’s this idea that we have to have excessive dopamine with every experience in our life.”

The frictionless ease of mobile sports betting takes advantage of this. It has become easy, even ordinary, to experience the excitement of gambling everywhere. It isn’t enough anymore to be anxious about the final score of the Saturday night football game—let’s up the ante and bet on the winning team!

But at what cost? Indeed, what happens when we begin to think of every scenario in our lives in terms of risk/reward and the dispassionate calculations of probability? This can turn life itself into some cosmic game, twisting relationships into scenarios we scheme and manipulate as we chase the dopamine rush of a winning bet. The easy accessibility to gambling won’t just affect us personally, for it can also change the culture around us.

Possible Preaching Angle:

As online gambling infiltrates society (and the church), there are more opportunities for temptation, people can hide their gambling addiction by not leaving their home. How many secret addicted gamblers are there in our churches?

In the fall of 2023, singer Oliver Anthony got his big break in the music industry with his song “Rich Men North of Richmond,” a scathing criticism of wealthy politicians and other movers and shakers. And now that he’s gotten a taste of the music industry in Nashville, he’s decided to live out his convictions.

Anthony revealed in a recent YouTube video, “I’ve decided that moving forward, I don’t need a Nashville management company. I don’t even need to exist within the space of music. So, I’m looking at switching my whole business over to a traveling ministry.” He added, “Our system is broken.”

The singer, whose real name is Christopher Anthony Lunsford, says his vision is not to participate in the system, but transform it. "I have this vision for this thing that I’m calling the Real Revival Project, and it’s basically going to start as a grassroots music festival. But hopefully it grows into something that can literally change our landscape and our culture and the way we live.”

Anthony says he wants to create something that exists parallel to Nashville that circumvents the monopolies of Live Nation and Ticketmaster, and it goes into towns that haven’t had music in them in a long time. And he insists he’s not doing anything revolutionary. “I just want to help bridge the gap between millions of people who all believe in the greater vision of us all just getting back to living a normal life.”

Anthony sees the decline of the industry as part of a larger pattern that discouraged his interest in pursuing the traditional path to music stardom. He said:

At the very beginning, our focus was just trying to figure out what we felt like God’s purpose was for our lives and trying to figure out how to pursue that. I think it was just being around all those people that weren’t of that mindset. There’s no way to create something that’s focused around God when you’re working with people who are just focused around making money.

Possible Preaching Angle:

God’s purpose for life is more than just seeking fame and fortune; God calls us to make a positive difference in whatever space we’re called to inhabit.

A report released by the New York City public school district alleges that school employees misused funds intended for homeless students' enrichment activities, including trips to Disney World, New Orleans, and other destinations. Six employees took their children or grandchildren on these trips, which were funded by grants specifically designated for homeless students.

Linda Wilson was identified as the key figure in this scheme. Wilson served the regional manager responsible for assisting students in temporary housing in Queens. The report alleges that Wilson not only took her own children on trips sponsored by grants for homeless students but also encouraged her subordinates to do the same. She allegedly told staff, “What happens here stays with us.”

To cover up the misuse of funds, Wilson forged permission slips using students' names and worked with an outside contractor to book the trips, flying under the radar of the less stringent oversight of community-based organizations. Had she booked directly through the city's Department of Education (DOE), she would’ve likely been caught sooner.

The investigation into this misconduct was initiated in May 2019 following a whistleblower complaint and concluded in January 2023. The report recommends the termination of Wilson and the five employees involved, and that the DOE seek reimbursement for all misappropriated funds. Both the DOE and the NYC Conflicts of Interest Board have accepted the report's findings and initiated actions accordingly.

Possible Preaching Angle:

God is deeply concerned with the welfare of the poor and oppressed. When those in positions of power misuse funds intended for the vulnerable, it is a grave injustice that God sees and will hold them accountable.

On Sept. 29, 1916, newspapers across the country announced a wealth milestone once thought to be unreachable: the world’s first billionaire. “Standard (Oil) at $2,014 makes its head a billionaire,” blared The New York Times headline, adding that Standard Oil’s soaring share price “makes John D. Rockefeller, founder and largest shareholder, almost certainly a billionaire.”

Now more than a century after the first U.S. billionaire, the question of who will be first to reach the trillionaire mark continues to fascinate. According to a new report from Informa Connect Academy, Tesla CEO Elon Musk will likely be the first trillionaire sometime in 2027, assuming that his wealth continues to grow at an annual average rate of 110%.

The second person projected to reach trillionaire status will be India’s Gautam Adani, founder of the Adani Group conglomerate, in 2028. Jensen Huang, CEO of Nvidia, who has seen his wealth skyrocket from $3 billion to more than $90 billion in five years, would become a trillionaire by 2028. Fourth on the list is Indonesia’s Prajogo Pangestu, founder of the Indonesian energy and mining conglomerate Barito Pacific, who could reach trillionaire status by 2028.

Tied for fifth would be LVMH CEO Bernard Arnault and Meta CEO Mark Zuckerberg who are forecast to become trillionaires sometime in 2030. Some top billionaires who seem like strong candidates to quickly reach the four-comma club don’t make the top 10. Jeff Bezos, the Amazon founder, and Larry Page and Sergey Brin, the Google founders, are all slated to wait 12 years to become trillionaires.

So, more than 100 years after the first billionaire, the first trillionaire could well be crowned in the next decade.

Possible Preaching Angle:

The Bible does not condemn wealth, as such, since Abraham, Job, and Solomon, among others, were very wealthy individuals. What the Bible does warn about is the love of money being the root of all kinds of evil (1 Tim. 6:10), the oppression of the poor by the rich (Jam. 5:1-6), and placing faith in the earthly “security” of wealth, rather than in God (Prov. 18:10-11, Matt. 6:19-21). The warnings are intended to encourage a balanced approach to wealth and possessions, recognizing that true fulfillment comes from a relationship with God and serving others.

Maybe money does buy happiness, after all—especially if you can afford more of it than your pals.

That’s according to the findings of a recent working paper distributed by the National Bureau of Economic Research. The paper used a survey of Dutch households to determine whether believing you’re in better financial standing than your peers can impact your beliefs and behavior.

The most striking finding? Believing you earn more than your peers—whom researchers defined as people of similar age, education, and marital and homeownership status—actually makes you happier.

That impact was evident regardless of actual income, researchers said. In other words, it didn’t matter how much money respondents actually made, only how it compared with others’ earnings. One of the lead authors of the study said, “When you realize your [relative] position is good, then you’re more happy, It’s not about the absolute number.”

Chase Bank is warning its customers against a new viral trend that has emerged on TikTok and X, involving a supposed system “glitch” that awards free money. The trend encourages users to deposit large sum checks into ATMs, then withdraw the funds in cash before the check has a chance to bounce.

The only problem? This is not a “glitch” – it’s a check fraud scheme and those who participate will be on the hook for all the money they withdrew. A Chase spokesperson emphasized that “depositing a fraudulent check and withdrawing the funds is fraud, plain and simple.”

The trend began on the social media site X, where a user showcased an unrealistically high account balance, sparking discussions and misleading claims about the banking glitch as a legitimate source of money. Videos also depicted lines forming outside Chase branches as people tried to exploit the situation. As the trend spread, many online users quickly realized that the “glitch” was merely a fraud scheme, with several posting screenshots of their negative balances and warning others.

Critics on TikTok have denounced the activity, with one popular video garnering over a million likes for calling out the fraud and warning participants of potential legal consequences.

This brief saga is proof that social media is not a reliable source of solid information. And that young people just learning how the world works are sometimes susceptible to bad actors making unrealistic claims. Anyone who participated in the scheme will be required to pay restitution to the bank. Plus, it doesn’t take a genius to know that concealing any sort of fraud is difficult when you use your own accounts to execute criminal transactions in plain view of ATM security cameras.

The U.S. Department of Justice has filed suit against Texas company RealPage, alleging that the company violated the Sherman Antitrust Act by enabling property owners to illegally collude, preventing competition in the rental market to artificially inflate their profits. According to reporting from the nonprofit ProPublica, RealPage’s software enables landlords to share confidential data so they can charge similar rates on rental properties.

Assistant Attorney General Jonathan Kanter said, “RealPage has built a business out of frustrating the natural forces of vigorous competition. The time has come to stop this illegal conduct.”

Kanter compared the system to drug cartels and went on to say, “We learned that the modern machinery of algorithms and AI can be even more effective than the smoke-filled rooms of the past. You don't need a Ph.D. to know that algorithms can make coordination among competitors easier.”

Officials at the DOJ say the lawsuit is the culmination of over two years of investigation into RealPage. This included analysis of internet documents and communications and also consultation with programmers who could break down how the computer code interacts with the proprietary data.

The lawsuit is part of an ongoing effort from federal, state, and local officials to mitigate the lack of affordable housing in American cities. It’s also part of a broader push to scrutinize similar information-sharing systems that might enable antitrust violations in other industries.

“Training a machine to break the law is still breaking the law,” said Deputy Attorney General Lisa Monaco.

Possible Preaching Angle:

When people use dishonest means to boost profits, it is not just illegal, it dishonors the Lord, who cares for the poor.

Jasveen Sangha, known as the "Ketamine Queen," was notorious for selling ketamine in unmarked vials. She marketed her product as high quality, even referring to her supplier as a "master chef" and "scientist." Authorities allege that Sangha sold 50 vials of ketamine to actor Matthew Perry for $11,000, a purchase that contributed to his tragic death on October 28, 2023.

According to Anne Milgram of the Drug Enforcement Administration, Perry initially sought ketamine treatment for depression, but became addicted and turned to "unscrupulous doctors who saw Perry as a way to make quick money." These included Dr. Salvador Plasencia, also known as “Dr. P,” (a reference to one of ketamine’s street names, “Dr. Pepper”) who exploited Perry's addiction by charging him exorbitant amounts and leaving him vulnerable to use the drug in an unsupervised environment.

U.S. Attorney Martín Estrada revealed that an investigation uncovered "a broad underground criminal network" involved in distributing ketamine to Perry and others. Sangha and Placencia were among the five people charged with drug distribution resulting in death. Estrada emphasized the severity of these charges, saying, "If you sell drugs that result in the death of another person, the consequences will be severe."

Sangha’s operation was extensive. When authorities searched her home, they found what Estrada described as “a drug selling emporium,” containing around 80 vials of ketamine, thousands of methamphetamine pills, and other illegal drugs. Prosecutors believe Sangha was well aware of the risks associated with ketamine. They pointed to an incident in 2019 when a customer named Cody McLaury died after purchasing ketamine from her. Following his death, a family member texted Sangha, accusing her of causing McLaury's death. Sangha’s response was to search online, "Can ketamine be listed as a cause of death?" indicating her awareness of the potential consequences.

As the legal proceedings continue, Estrada's message is clear for any other potential ketamine dealers: "We will hold you accountable for the deaths that you cause."

Possible Preaching Angle:

Depression and other serious mental issues should only be treated by licensed mental health professionals. God will judge those who seek to illegally profit from another’s pain. God is always available to meet us in our pain “because he cares for you” (1 Pet. 5:7).

An article in The Wall Street Journal warns: “Your 401(k) is up. Don’t let it go to your head.”

Checking your 401(k) is the feel-good move of the year. After the stock-market rally, it now feels safe to peek at your 401(k) balance again. That is a relief for the millions of people whose retirement accounts are still recovering from the bruising they took in 2022, when the S&P 500’s total return was -18.11%.

Don’t let your self-worth balloon along with your net worth, financial advisers warn. They say the overconfidence that comes with making big gains can cause people to take bigger risks with their investments. And that makes us feel like we’re savvier investors than we really are.

Neuroscience backs up the idea of overconfidence being a problem. Research on the brain has found that increases in dopamine, a brain chemical that likely gets released when you see large returns in your account, can lead to more financial risk-taking.

Possible Preaching Angle:

That’s good financial advice, but the Bible also warns that, more importantly, it’s good spiritual advice.

People living in remote Indigenous communities are as happy as those in wealthy developed countries despite having “very little money,” according to new scientific research. This could challenge the widely held perception that “money buys happiness.”

Researchers who interviewed 2,966 people in 19 Indigenous local communities across the world found that on average they were as happy – if not happier – as the average person in high-income western countries.

According to researchers, “Surprisingly, many populations with very low monetary incomes report very high average levels of life satisfaction, with scores similar to those in wealthy countries. I would hope that, by learning more about what makes life satisfying in these diverse communities, it might help many others to lead more satisfying lives.”

The study found that people in the 19 isolated communities reported an average “life satisfaction score” of 6.8 out of 10 “even though most of the sites have estimated annual monetary incomes of less than US $1,000 per person.”

This is roughly the same as the 6.7 average life satisfaction score for all countries in the Organization for Economic Co-operation and Development (OECD). Surprisingly, four of the small communities reported average happiness scores of more than 8, which is higher than that found in Finland, the highest-rated country with an average of 7.9.

The report says its findings proves that wealth – as generated by industrialized economies – is not fundamentally required for humans to lead happy lives.

Brookdale Senior Living is one of the industry's leading providers of senior adult care, with over 600 facilities across the United States. But employees have been complaining that the chain’s centralized computer system, which prioritizes efficiency, misses some of the nuance involving caring for seniors. As a result, they say, its staffing algorithms consistently understaff facilities, and the quality of care suffers.

Patricia McNeal spent six years overseeing facilities in Ohio and Florida, but was forced out after complaining to her superiors about the substandard staffing recommendations. She said, “Brookdale is handing you this thing that says, ‘This is what it says you need, hire for that.’ My eyes told me that we weren’t getting enough.”

And she’s not alone. At a facility in Florida, Brookdale recommended fewer employees than buildings on campus, making it impossible for staff to always monitor all residents. And at a facility in Texas, caregivers were given only 20 minutes to help residents undress, shower, and get dressed again, a standard they could not meet.

According to a report in The Washington Post, the problem stems from decades old research bankrolled by corporate executives looking to cut costs and maximize revenue. They timed a set of caregivers performing various tasks, then fed that data into their programming, erroneously assuming that all adults have the same needs and that those trends would never evolve over time. What resulted is a standard of low-skilled laborers performing rote tasks, treating human beings like widgets on an assembly line.

This labor model fails to account for the complexities of dealing with adults who may be facing cognitive decline. When any one task takes longer than anticipated, it subtracts time from the entire pool of available hours, which prevents some residents from receiving essential care.

In an email to her superiors, Brenda Jarmer, a director of operations in Florida, pleaded for intervention, “I cannot stress to you how bad it is … I am asking for help.”

Possible Preaching Angle:

Being a wise steward of resources is important, but we should never be so concerned with efficiency and conformity that we fail to care for the weakest among us.

According to a survey, 37% of Americans think billionaires are terrible role models, and 49% said they have overall negative feelings towards them. And the heat is felt most prominently by the big-name tech billionaires like Mark Zuckerberg, Elon Musk, and Jeff Bezos.

But despite the negative feelings, people still admire and look up to some of these individual figures. And it’s not because of just their financial success; a 2021 study found that people who stand against a class of extremely wealthy people still tend to admire individual billionaires like Elon Musk and Bill Gates.

Margaret O’Mara, a professor of history at the University of Washington, says “The secret of Silicon Valley has been the storytelling.” She describes intense admiration of tech billionaires as kind of “a religion of entrepreneurship.” With the lack of presence of other role models and declining faith in other institutions like the government or churches or even science, people want to find a myth to believe in that will give them comfort.

When you have these really exciting stories of the startup company in your dorm room or garage that then becomes this trillion-dollar company, this exciting rags to riches story really fits into an American narrative that predates Silicon Valley. Those stories are exceptional, to be clear, but I think the fault is presuming that anyone can do this.

Another story within the tech billionaire narrative that appeals to masses is that of disruption. O’Mara said, “This is a nation founded on revolution, so being a rebel, not bowing to authority and being your own boss is kind of cool.”

Richard R. John, professor of business history and journalism at Columbia University calls the hype surrounding tech billionaires a cult of personality. He says:

A cult of personality is the deliberate glorification of a specific public figure. Throughout history, cult of personality hype of billionaire figures has usually been propagated through journalists and news media. But with the founding of social media, it grew massively through its unprecedented reach. It’s no longer regional, it’s now national and even international.

Theft—or "shrinkage" as the retail industry calls it—is a big problem for stores that use self-checkout kiosks. The machines have created a new kind of "partial shrink" where someone pays for most of their stuff, but skips a few items.

One study revealed that about 6.7% of orders had some items that went unscanned (including accidentally)—far higher than the typical 0.3% shrink rate for a fully-staffed checkout. It might not surprise you that in a survey of 5,000 shoppers, the majority admitted to accidentally bagging an item that didn't scan at the kiosk.

But something the survey revealed that might be surprising? Wealthier people were most likely of all to intentionally steal, they told surveyors. Of people who admitted to stealing, the biggest group was among the 18% of people with household incomes of more than $100,000. (When considering people with household incomes under $35,000, 14% said they'd purposely taken an item without scanning it.)

Terrence Schulman a lawyer of the Schulman Center for Compulsive Theft, Shopping and Hoarding said, “I want to admit that I don't know what the truth is, but I'll give you a few theories”:

I think that a lot of people who are higher-income and more well-to-do probably aren't quite as delighted to have all this self-service kind of stuff, like checkout or having to pump your own gas. I'm generalizing, but maybe for wealthier people, it's just another hassle — or it's kind of beneath them. So that's one possibility: that it's kind of like a silent protest. Like, why do I have to do this?

Another thought is that scanning a $10 item for a wealthy person, that's like a penny to them. So, there's already a different kind of attitude about money.

There might be even a subconscious kind of thought of: “Hey, if I got caught, if I ever did get in trouble, I have the resources — I could hire an attorney, or I could call somebody. I know how to make something happen.”

Possible Preaching Angle:

Having wealth often leads a person to an attitude of superiority, privilege, and a sense of being “above the law.” But all of us need to guard against making excuses for unlawful or immoral behavior as though we deserve it.

About seven in ten respondents in a survey said they strongly or somewhat agreed with the statement: “Having more money would solve most of my problems.” Similar proportions of people in each income bracket felt that way, including those with salaries of $200,000 or more.

Exactly how much more money do we think we need to be happy? A survey from the financial-services company Empower put the question to about 2,000 people.

In the survey, most people said it would take a pretty significant pay bump to deliver contentment. The respondents, who had a median salary of $65,000 a year, said a median of $95,000 would make them happy and less stressed. The highest earners, with a median income of $250,000, gave a median response of $350,000.

Even very wealthy people think like this. A 2018 study asked millionaires to rate their happiness on a scale from one to ten and, if they didn’t say ten, predict how much money they would need to move one point higher. Slightly over half of those with a net worth of $10 million or more said their wealth would need to increase by at least 50%.