James 1:9 Let the brother of low degree rejoice in that he is exalted:
10 But the rich, in that he is made low: because as the flower of the grass he shall pass away.
11 For the sun is no sooner risen with a burning heat, but it withereth the grass, and the flower thereof falleth, and the grace of the fashion of it perisheth: so also shall the rich man fade away in his ways
We are to rejoice for we are all the same in the eyes of God, it does not matter if we are at the bottom of the totem pole or at the top we are all the same to God. But how we look at what we have by what we gain from God or from man is what determines where our treasure lies, and will it be an eternal treasure or one that passes away. Verse 11 goes on say that as trouble comes if you are not putting up treasures in Heaven the your treasures will pass away. This is not speaking of the Godly rich, but of those who have ways that cause them to be rich. This is speaking of those who are thinking, not of life eternal, but life in the here and now. The rich, who put their trust in their wealth, have no future with God.