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> Rich folk affect the rest of us in two big ways. First, the way they spend their money has all kinds of ripple effects. Their hunches move markets. Their cons
by lionhearted 16y ago
> Rich folk affect the rest of us in two big ways. First, the way they spend their money has all kinds of ripple effects. Their hunches move markets. Their consumption supports a whole sub-economy of hoteliers, watchmakers and financial advisers. And their philanthropy funds schools, pressure groups and research into tropical diseases.
Article misses that inventions start as only affordable by wealthy people, but that follows into commoditization and everyone gets to benefit from them. People get so envious of what they don't have, failing to notice the asinine amounts of prosperity around us, things the kings of old could have only dreamed of.
Anyways, I am coming to terms with the fact that human nature doesn't like anyone having more... I'll do what I reasonably can to not participate in various redistributions and confiscations, but I'm starting to accept that there'll always be people wanting to do it and attempting it.
- MaysonL 16y agoThe article misses out the worst effects of rich people: they fund politicians. See Domhoff on Who Rules America.
- khafra 16y agoIs the nigh-universal human characteristic of greater unhappiness with visible wealth disparity than with lower absolute wealth a sign that we need to engineer better humans, or that governments should reduce inequality even at the cost of average wealth? ISTM either or both could be the case, in parallel or in sequence.