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It's often said that most of the (developed world) economy depends on consumers. Rich people tend to have a greater proportion of financial assets compared to c
by perl4ever 6y ago
It's often said that most of the (developed world) economy depends on consumers. Rich people tend to have a greater proportion of financial assets compared to consumption. When people criticize the rich, it's pretty standard to say they're stingy, they hoard wealth etc. Conversely when the rich consume, they're at least "creating jobs".
So that seems to imply to me that ordinary people (in the rich countries) shouldn't be underestimated from an environmental perspective, and because our morality is pro-consumer it reinforces waste. I don't think that's brainwashing by the rich, I think that's just how people are, in Western society at least.
- someguyorother 6y agoSure, economic equality will lead to more direct consumption than inequality, all else equal. That said, I'd rather have equality plus appropriate Pigouvian taxation than have to rely on inequality to do the environmental rationing for us. A more equal society would probably have a greater chance of enacting Pigouvian taxes anyway because political power and economic power would be less intertwined.