{"id":161,"date":"2007-08-07T11:16:36","date_gmt":"2007-08-07T15:16:36","guid":{"rendered":"http:\/\/godandculture.wordpress.com\/2007\/08\/07\/solomon-on-silicon-valley\/"},"modified":"2007-08-07T11:16:36","modified_gmt":"2007-08-07T15:16:36","slug":"solomon-on-silicon-valley","status":"publish","type":"post","link":"https:\/\/www.godandculture.com\/blog\/solomon-on-silicon-valley","title":{"rendered":"Solomon on Silicon Valley"},"content":{"rendered":"

The New York Times reports<\/strong>\u00a0<\/a> multi-millionaries in Silicon Valley don’t “feel rich” so they keep their noses to the grindstone, creating a new class known as “working-class millionaires.” The Times profiled several families who have made millions in the tech industry.\u00a0 All of their stories boil down to the attitude of Tony Barbagallo “who over the last two decades has collected around $3.6 million in stock and options from companies he has worked for,” and Umberto Milletti\u00a0who has\u00a0“fantasized about downsizing his life to ease the financial pressures he feels despite a net worth around $5 million.”<\/p>\n

\u201cYou look around,\u201d Mr. Barbagallo said, \u201cand the pressures to spend more are everywhere.\u201d Children want the latest fashions their peers are wearing and the most popular high-ticket toys. Furniture does not seem up to snuff once you move into a multimillion-dollar home. Spouses talk, and now that resort in Mexico the family enjoyed so much last winter is not good enough when looking ahead to next year. Summer camp, a full-time housekeeper, vintage wines, country clubs: the cost of living bloats.<\/p>\n

To Mr. Milletti, it all looks like a marathon with no finish line.<\/p>\n

\u201cHere, the top 1 percent chases the top one-tenth of 1 percent, and the top one-tenth of 1 percent chases the top one-one-hundredth of 1 percent,\u201d he said.<\/p>\n

\u201cYou try not to get caught up in it,\u201d he added, \u201cbut it\u2019s hard not to.\u201d<\/p><\/blockquote>\n

Solomon warned them: “I have seen all things that are done under the sun; all of them are meaningless, a chasing after the wind” and “When I surveyed all that my hands had done and what I had toiled to achieve, everything was meaningless, a chasing after the wind; nothing was gained under\u00a0the sun”\u00a0(Ecclesiastes 1:14 and 2:11).<\/p>\n","protected":false},"excerpt":{"rendered":"

The New York Times reports\u00a0 multi-millionaries in Silicon Valley don’t “feel rich” so they keep their noses to the grindstone, creating a new class known as “working-class millionaires.” The Times profiled several families who have made millions in the tech … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-161","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/posts\/161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/comments?post=161"}],"version-history":[{"count":0,"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/posts\/161\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/media?parent=161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/categories?post=161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.godandculture.com\/blog\/wp-json\/wp\/v2\/tags?post=161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}