Continuing its series Age of Riches The Times today has a feature story on Max Levchin, who founded PayPal in 1998.
Mr. Levchin, who is now 32, is typical of a new generation of junior titans in Silicon Valley who might be called the prematurely rich — techies worth tens of millions of dollars, sometimes more, at an age when many others are just starting to figure out what to do with their lives.Contrast Mr Levchin's story with The lure of luxury by George Crawford in DAILY EPISCOPALIAN.
The Internet, a low-overhead medium with a global reach, has greatly accelerated the wealth creation phenomenon, producing a larger breed of multimillionaires even younger and richer than in the past.
They are happy to be wealthy, of course, but many of these baby-faced technology tycoons often seem indifferent to the buying power of their money, at least at this stage of their lives. Instead, nearly all of them have chosen to throw themselves back into a start-up, not so much because they want a spectacular new home or a personal jet — though many of them do — but because they are in a competition with themselves and one another.
Do I find luxury a subject of intense interest? Do I want luxury? Unsure about the meaning of the word luxury (like others, including my former Commander-in-Chief, I sought some maneuvering room!), I consulted the Concise Oxford Dictionary (maneuvering room, not an ocean of choices). The Dictionary provided two definitions:1. the state of great comfort and extravagant living. 2. an inessential but desirable item.The first felt vaguely unchristian when I am daily reminded of people desperately in need of life’s basic necessities. I, with complete honesty, can disavow any desire to own my own island or polo pony. However, I do want nonessentials. Indeed, I think that God wants us to enjoy nonessentials because they enrich life, e.g., a good wine, aesthetically pleasing homes, and art. Poverty, thanks be to God, is not the life to which I was born nor is voluntary poverty a lifestyle to which I feel called.
Today's Gospel in the appointed readings for the Twenty-second Sunday after Pentecost speak to this issue, too.