The existence of men having greater fortunes than ever before known in our country has impelled President Eliot to point out that, in truth, there are few of the real pleasures of life which cannot be secured by persons of moderate incomes; and he indicates that the possession of great means does not give a monopoly over happiness. The man of moderate fortune can always have household fittings sufficient to satisfy bodily comfort; and great riches can do no more.
Charles William Eliot was an American academic who was selected as Harvard's president in 1869. He transformed the provincial college into the preeminent American research university. Eliot served the longest term as president in the university's history.
Striking, reading words drafted well over a hundred years ago which relay the same frustrations I have in regards to the top 1%. While not a term Dr. Eliot himself used, his descriptions conveyed exactly which class of the super wealthy he was analyzing.
He almost speaks with pity for them, about how detached such wealth can easily make one from reality. It is mostly critical analysis however, and as he was President at Harvard during the time of writing, I wonder how much was based upon personal observation.