Whether Carr or Shirky are right about what the Internet hath wrought--and they probably both are to some extent--both neglect the element of choice inall this.
Laws vary from state to state, but inall states, clinicians who suspect abuse or neglect are required by law to file a report with child welfare offices.
You also should have enough to cover life's inevitable, unanticipated expenses, like a leaky roof or dead furnace not just in your primary home but also inall of your investment properties (which likely suffered abuse and neglect on their way to becoming bargains).