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Hidden Brain

Episode 49: Filthy Rich

Hidden Brain

Hidden Brain Media

Social Sciences, Performing Arts, Science, Arts

4.642.5K Ratings

🗓️ 25 October 2016

⏱️ 21 minutes

🧾️ Download transcript

Summary

Several years ago, sociologist Brooke Harrington decided to explore the secret lives of billionaires. What she found, she said, shocked her.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Hidden Brain, I'm Shankar Vedanthu.

0:06.1

When the New York Times showed that Donald Trump may have used a legal loophole to avoid

0:10.6

paying federal income taxes for years, many people expected the self-destribe billionaire

0:15.8

to be embarrassed.

0:17.5

Instead, in a debate with Hillary Clinton, Donald Trump said,

0:21.3

he didn't pay any federal income tax. So, if he paid zero, that means zero. That makes me smart.

0:29.9

It got us thinking about a new book by Brooke Harrington, a sociologist at the Copenhagen

0:34.3

Business School in Denmark. She decided several years ago to explore the secret lives of

0:40.3

billionaires. She took an unusual path to enter this world. She herself trained to become

0:46.7

a wealth manager. In the course of this training, she gained unprecedented access to other

0:52.3

wealth managers who agreed to be interviewed for her research. She discovered that in order

0:58.1

to manage money for the super rich, these professionals also learn a lot about the private

1:03.8

lives of their clients. What they shared, Brooke says, shocked her.

1:09.7

The lives of the richest people in the world are so different from those of the rest of

1:14.6

us. It's almost literally unimaginable. National borders are nothing to them. They might

1:20.4

as well not exist. The laws are nothing to them. They might as well not exist.

1:25.7

Today on Hidden Brain, the sociology and psychology of some members of the billionaire class and

1:32.0

the professionals who enabled them.

1:36.7

Brooke Harrington, welcome to Hidden Brain.

1:41.7

Thank you for having me on the show.

1:43.6

For wealth managers to do their job, Brooke, I understand that they need to find out everything

1:48.9

about a client's life, not just a client's financial life, but everything about their

...

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