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Wealth Addiction

Wealth Addiction

When a $3.6 million bonus isn’t enough.

by

A fantastic recent essay in the New York Times brought to mind a fantastic Talmudic narrative. The latter [in Tamid 32b] describes the would-be world-conqueror Alexander the Great approaching the gates of the Garden of Eden. When denied entry (insufficient righteousness the grounds), he asks for, at least, a souvenir and is given an eyeball (or, perhaps, a skull’s eye-socket).

Seeking to somehow gauge the odd gift, he places it on one pan of a scale, with gold and silver in the other pan. The precious metal pan rises. And it continues to do so, no matter how much gold and silver he adds. Asking the rabbis accompanying him what is happening, they explain that the eye represents the impetus for human desire; it is that which sees and wants, and is never satisfied. He is skeptical but the rabbis then prove their point by placing some dirt, a reminder of the reality of mortality, atop the eye. Its pan then rises high, outweighed by, unconcerned with, oblivious to, all the precious metal.

All of us have likely desired to possess something we don’t. But I have always been confounded by the spectacle of very wealthy people consumed with the relentless pursuit of greater wealth. It just wasn’t anything I could relate to, or understand. And so the opening words of the New York Times piece grabbed me and wouldn’t let me go.

“In my last year on Wall Street,” the author, Sam Polk, writes, “my bonus was $3.6 million – and I was angry because it wasn’t big enough. I was 30 years old, had no children to raise, no debts to pay, no philanthropic goal in mind. I wanted more money for exactly the same reason an alcoholic needs another drink: I was addicted.”

To wealth, that is, and the power he saw it as conferring.

Mr. Polk goes on to recount subsequent years in his life, how he became a “bond and credit default swap trader,” a job description he might as well have offered in Swahili for all it means to me – “one of the more lucrative roles in the business.” And how making a million or two wasn’t enough.

“When the guy next to you makes $10 million, $1 million or $2 million doesn’t look so sweet.”

“Ever see what a drug addict is like when he’s used up his junk?” Mr. Polk asks his readers, and tells them: “He’ll do anything – walk 20 miles in the snow, rob a grandma – to get a fix. Wall Street was like that.”

“When the guy next to you makes $10 million,” he explains, “$1 million or $2 million doesn’t look so sweet.” Frankly, I wouldn’t know, but I do trust Mr. Polk. And the Midrash, which informs us that “He who has one hundred wants two hundred” and that “no man dies with half his desires in hand.”

The eye-opening article helped me understand that greed isn’t necessarily a sign of depravity. It can be a type of simple irrationality, what Mr. Polk calls an “addiction.”

Or what the Talmud calls “ta’avos” – irrational lusts – things even those of us unfamiliar with heroin or cocaine can relate to. For smokers or alcoholics, the concept is an easy one to understand. But even if our daily desires are limited to junk food or other things that we know are unhealthy for our bodies or our souls, and that we struggle to control, the idea of a ta’avah/lust is certainly recognizable. If we’re not obsessed with wealth, well, that’s just because, blessedly, we fortunately lack that particular lust. But we might try to be a bit more understanding of those who do suffer such obsessions, no less than we pity an alcoholic.

Eventually, though, Mr. Polk “cashed out,” so to speak. His turning point came when he realized that his immensely more wealthy boss was “afraid of losing money, despite all that he had.”

To his credit, he found a new life, marrying, speaking in jails and juvenile detention centers about the benefits of sobriety, teaching and starting a nonprofit to help poor families struggling with obesity and food addiction. “I am,” he confides, “much happier.”

He seems to have discovered something else the Talmud teaches, that our worth is measured by how we live, not by what we have. And proven himself a “strong” man, as per the sage Ben Zoma’s teaching that “Who is strong? He who subdues his inclination” (Ethics of the Fathers, 4:1).

And as having absorbed another of Ben Zoma’s teachings, too: “Who is wealthy? He who is happy with his lot.”

Published: February 1, 2014


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Visitor Comments: 5

(5) Jay, February 9, 2014 3:10 PM

Stop reading the NYT

Why would a good Jew give Jew money to a newspaper that hates us? Stop reading the NYSlimes and certainly stop giving them our money. Let them go broke as they should

(4) Sanford (Sandy) & Chana Goodman, February 7, 2014 5:46 AM

Addiction to wealth is self frustrating

As one gets older and really observes life, he/she will probably observe, if not experience, what is learned from the Scriptures and the Talmud.

How Koheless's statement, "A lover of money will never be satisfied." No matter how much one has the more he/she wants. It's a never ending cycle.

Also don't try to keep up with the Goldberg's or the Steins. It will drive you to frustration.

From Perkei Avos we are told " Who is rich? He who is satisfied with his portion." How true this really is!

It does not mean that we have to be complacent. One should always strive to improve him/herself. What it does mean is that if you have the basics--food, water, clothes, shelter etc--you should be satisfied.

We are glad that we have each other and that we live in a very comfortable nice middle class Jewish neighborhood near 2 shuls. If Hashem has decreed that we shall not be wealthy, it's good for us. He knows best.

Excellent article! You hit the nail on the head!

Sandy & Chana Goodman, Dallas Texas

PS About 75% of our neighbors have swimming pools and high ceilings. We're happy not to have a pool (who needs the maintenance and the liability insurance) We also are happy to have a 1 story house (in Texas homes don't have basements). We don't need to run up and down stairs and pay high heating and air conditioning bills.

(3) Josh, February 6, 2014 6:10 AM

Well stated, Terry

I agree completely. It's become fashionable, even mandated, to assign a diagnosis, a DIM code, to let individuals off the hook for their actions. Besides addictions we have ADD, ADHD, MPD, pansexuality and who knows what else. What ever happened to free will?

(2) Terry, February 4, 2014 9:16 PM

Greed as an addiction

Hmmm...no wonder we have a society where people refuse to take responsibility for their actions. Everything nowadays takes on the euphemistic term "addiction." Guys on porn - addiction, guys cheating on the wife or girlfriend - addiction, people hurting others to gain more and more wealth - addiction, and so on down every possible bad character trait known to mankind. The result is an excuse of the person's bad behavior and those who should be condemning the person instead chanting in unison "Oh, poor Joe - he's addicted!" Forget the victims and coddle the wrongdoer!

So, let's call a spade a spade. With the exception of physiological addiction to drugs, there is no such thing as addiction. What there is is lack of self-control and self-discipline because those people live a lifestyle of hedonism - they'll do whatever, with (or to) whoever, whenever, wherever just because it "feels" good at that point.

It's high time that people grew up, manned up, and behaved with respect for others as well as with respect and dignity toward themselves. Enough said.

(1) Beverly Kurtin, February 2, 2014 4:57 PM

Addicted to Poverty

After reading the entire article in another media about Mr. Polk's addiction to money, I had to laugh. It wasn't a mirthful laugh, however. I've known people like that. They are never happy with what they have. They always want more and more and more not because they NEED it, but because they GREED it.
People always misquote a saying that goes, "The LOVE of money is the root of all evil," by saying that money is the root of all evil. No, it is the all encompassing LOVE and desire to have more and more and more to the point that they could have all the money in the world and they would want more.

I'm not jealous of the 1%, I pity them. Why pity? Because they cannot enjoy life to its fullest. Many of them refuse to live as they could because they don't want to spend any money; they become misers ala Scrooge.

Once, I had a multi-millionaire borrow ten dollars from me and he never paid me back! That's okay, I never loan money; I always think of any money I "loan" as a gift, so if I do not get repaid, so what, it was a gift in the first place.

Living on less than $20,000 a year requires careful planning, I know, that is what I get from Social Security. My life's savings were destroyed by an avaricious bank in '08. Such is life. All those years of self-denial were lost, however, they now make it possible for me to live comfortably.

I am very content with my lot in life. There is nothing I lack. I do feel sorry for those poor people who slave away to stash more and more money away and then die from a heart attack or stroke because of the endless greed.

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